Cost of Living in Groesbeck, TX

Population 3,634 · Texas · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Groesbeck sits on the smaller end of the Texas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 0.9% points to a labor market well on the tight side of the national distribution.

Located 40 miles east of Waco, Groesbeck falls within that metro's commuting orbit. Median home values run roughly 28% lower than Waco's $200,000.

Cost Overview

Housing 47
Rent 63

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

About the Cost of Living in Groesbeck

The median home value in Groesbeck is $144,100 — 53% below the national median of $305,000. Median rent runs $826/month, 37% lower than the national median of $1,314/month. The median household income of $54,615/year is 27% lower than the US median of $74,580. The local unemployment rate is 0.9%, 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 77.6°F and lows of 56.3°F. Overall, Groesbeck has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$144,100
53% below avg
Zillow Home Value
$450,879
Zillow ZHVI
Median Rent
$826/mo
37% below avg
Price-to-Rent Ratio
14.5x
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 57.5%
Renter-occupied 42.5%

💰 Estimated Monthly Budget

Rent median rent
$826
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,440/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
34.0 min
26% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.1%

Commute Mode

Drove alone
80.3%
Carpooled
2.6%
Walked
2.0%
Work from home
15.1%

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
$54,615
27% below avg
Per Capita Income
$27,761
Unemployment Rate
0.9%
81% below avg
Poverty Rate
8.2%
Labor Force Participation
49.8%

🎓 Education

Bachelor's degree+ 11.1%
Graduate degree 2.7%

👥 Demographics

Median Age 35.6
Male median age 34.2
Female median age 36.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
77.6°F
Avg Low
56.3°F
Annual Precip
39.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596370778491959690806860
Low °F 384148556471747468574739
Precip" 2.762.673.583.484.423.822.282.282.535.103.183.23

Frequently Asked Questions

What is the cost of living in Groesbeck, TX?

Groesbeck has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Groesbeck, TX?

The median gross rent in Groesbeck is $826 per month based on 2023 Census data.

What is the average home price in Groesbeck?

The median home value in Groesbeck is $144,100 according to Zillow and Census data.

What is the median income in Groesbeck?

The median household income in Groesbeck is $54,615 per year (2023 ACS 5-year estimates).

What is the sales tax in Groesbeck, TX?

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

Is Groesbeck, TX affordable?

Yes, Groesbeck is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Groesbeck?

Groesbeck has average high temperatures of 77.6°F and average lows of 56.3°F. Annual precipitation is 39.3". Data from NOAA 1991–2020 Climate Normals.

Groesbeck at a Glance

Population
3,634
Median Income
$54,615
Home Value
$144,100
Median Rent
$826/mo
Unemployment
0.9%
Avg High Temp
77.6°F
Sales Tax
8.2%
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Explore county-level cost of living data

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