Cost of Living in Hereford, TX
Population 14,874 · Texas · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Hereford a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $109,000.
Hereford is about 40 miles southwest of Amarillo, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 42% lower than Amarillo's $187,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hereford
The median home value in Hereford is $109,100 — 64% below the national median of $305,000. Median rent runs $934/month, 29% lower than the national median of $1,314/month. The median household income of $51,799/year is 31% 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 72.5°F and lows of 44.9°F, with about 17.2" of annual snowfall. Overall, Hereford has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 52 | 56 | 65 | 72 | 81 | 90 | 93 | 91 | 84 | 73 | 61 | 52 |
| Low °F | 25 | 28 | 35 | 43 | 53 | 62 | 66 | 65 | 58 | 45 | 34 | 26 |
| Precip" | 0.71 | 0.53 | 1.27 | 1.45 | 2.27 | 2.85 | 2.82 | 2.86 | 1.69 | 1.75 | 0.75 | 0.71 |
| Snow" | 4.0 | 3.5 | 1.9 | 0.5 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 2.6 | 3.8 |
Frequently Asked Questions
What is the cost of living in Hereford, TX?
Hereford has a cost index of 50 (100 = national average). It is 50% below the national average.
What is average rent in Hereford, TX?
The median gross rent in Hereford is $934 per month based on 2023 Census data.
What is the average home price in Hereford?
The median home value in Hereford is $109,100 according to Zillow and Census data.
What is the median income in Hereford?
The median household income in Hereford is $51,799 per year (2023 ACS 5-year estimates).
What is the sales tax in Hereford, TX?
The combined state and local sales tax rate in Hereford is 8.2%. Texas has no state income tax.
Is Hereford, TX affordable?
Yes, Hereford is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.
What is the weather like in Hereford?
Hereford has average high temperatures of 72.5°F and average lows of 44.9°F. Annual precipitation is 19.7". Average annual snowfall is 17.2". Data from NOAA 1991–2020 Climate Normals.
Hereford at a Glance
- Population
- 14,874
- Median Income
- $51,799
- Home Value
- $109,100
- Median Rent
- $934/mo
- Unemployment
- 4.0%
- Avg High Temp
- 72.5°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
Similar Cost Cities
Cities in other states with comparable housing costs