Cost of Living in Granite Shoals, TX

Population 5,247 · Texas · Data vintage 2023

81
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Granite Shoals stay well under national norms: a median home value of $195,000 against median household incomes of $69,602 gives the city one of the more comfortable price-to-income ratios in Texas.

Geographically, Granite Shoals is about 40 miles northwest of Austin, the nearest large metro. Median home values run roughly 62% lower than Austin's $513,000.

Cost Overview

Housing 64
Rent 106

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Granite Shoals

The median home value in Granite Shoals is $194,500 — 36% below the national median of $305,000. Median rent runs $1,399/month, 6% higher than the national median of $1,314/month. The median household income of $69,602/year is 7% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.5°F and lows of 56.5°F. Overall, Granite Shoals has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.

🏠 Housing

Median Home Value
$194,500
36% below avg
Zillow Home Value
$293,390
Zillow ZHVI
Median Rent
$1,399/mo
6% above avg
Price-to-Rent Ratio
11.6x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 80.9%
Renter-occupied 19.1%

💰 Estimated Monthly Budget

Rent median rent
$1,399
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,013/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
35.7 min
32% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.0%

Commute Mode

Drove alone
68.9%
Carpooled
18.9%
Work from home
11.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$69,602
7% below avg
Per Capita Income
$37,710
Unemployment Rate
4.0%
17% below avg
Poverty Rate
6.0%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 13.8%
Graduate degree 7.5%

👥 Demographics

Median Age 46.1
Male median age 41.4
Female median age 47

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.5°F
Avg Low
56.5°F
Annual Precip
28.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 616472798592959689806961
Low °F 384249566471737368584740
Precip" 1.651.632.662.123.672.851.791.762.893.182.251.93

Frequently Asked Questions

What is the cost of living in Granite Shoals, TX?

Granite Shoals has a cost index of 81 (100 = national average). It is 19% below the national average.

What is average rent in Granite Shoals, TX?

The median gross rent in Granite Shoals is $1,399 per month based on 2023 Census data.

What is the average home price in Granite Shoals?

The median home value in Granite Shoals is $194,500 according to Zillow and Census data.

What is the median income in Granite Shoals?

The median household income in Granite Shoals is $69,602 per year (2023 ACS 5-year estimates).

What is the sales tax in Granite Shoals, TX?

The combined state and local sales tax rate in Granite Shoals is 8.2%. Texas has no state income tax.

Is Granite Shoals, TX affordable?

Yes, Granite Shoals is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.

What is the weather like in Granite Shoals?

Granite Shoals has average high temperatures of 78.5°F and average lows of 56.5°F. Annual precipitation is 28.4". Data from NOAA 1991–2020 Climate Normals.

Granite Shoals at a Glance

Population
5,247
Median Income
$69,602
Home Value
$194,500
Median Rent
$1,399/mo
Unemployment
4.0%
Avg High Temp
78.5°F
Sales Tax
8.2%
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Explore county-level cost of living data

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