Cost of Living in Krum, TX

Population 5,896 · Texas · Data vintage 2023

107
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Krum 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.

Geographically, Krum sits roughly 6 miles northwest of Denton. Median home values run roughly 12% lower than Denton's $326,000.

Cost Overview

Housing 94
Rent 127

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

About the Cost of Living in Krum

The median home value in Krum is $286,300 — 6% below the national median of $305,000. Median rent runs $1,669/month, 27% higher than the national median of $1,314/month. The median household income of $111,316/year is 49% higher 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 76.0°F and lows of 52.9°F. Overall, Krum has a cost of living index of 107 versus the US average of 100, meaning it is 7% more expensive.

🏠 Housing

Median Home Value
$286,300
6% below avg
Zillow Home Value
$114,645
Zillow ZHVI
Median Rent
$1,669/mo
27% above avg
Price-to-Rent Ratio
14.3x
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 77.1%
Renter-occupied 22.9%

💰 Estimated Monthly Budget

Rent median rent
$1,669
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,283/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
32.3 min
20% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.3%

Commute Mode

Drove alone
78.8%
Carpooled
5.5%
Work from home
15.3%

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
$111,316
49% above avg
Per Capita Income
$41,753
Unemployment Rate
0.9%
82% below avg
Poverty Rate
6.0%
Labor Force Participation
68.5%

🎓 Education

Bachelor's degree+ 28.8%
Graduate degree 8.1%

👥 Demographics

Median Age 36.6
Male median age 36.9
Female median age 35.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
76.0°F
Avg Low
52.9°F
Annual Precip
35.6"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 566068758391969688786657
Low °F 323645516169737364534234
Precip" 1.942.483.113.434.523.671.772.392.654.172.712.76

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
54.8%
Good air days/yr
177
Max AQI recorded
116
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Krum, TX?

Krum has a cost index of 107 (100 = national average). It is 7% above the national average.

What is average rent in Krum, TX?

The median gross rent in Krum is $1,669 per month based on 2023 Census data.

What is the average home price in Krum?

The median home value in Krum is $286,300 according to Zillow and Census data.

What is the median income in Krum?

The median household income in Krum is $111,316 per year (2023 ACS 5-year estimates).

What is the sales tax in Krum, TX?

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

Is Krum, TX affordable?

Krum is near the national average in terms of cost of living, with an index of 107 (100 = US average).

What is the weather like in Krum?

Krum has average high temperatures of 76.0°F and average lows of 52.9°F. Annual precipitation is 35.6". Data from NOAA 1991–2020 Climate Normals.

Krum at a Glance

Population
5,896
Median Income
$111,316
Home Value
$286,300
Median Rent
$1,669/mo
Unemployment
0.9%
Avg High Temp
76.0°F
Sales Tax
8.2%
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Explore county-level cost of living data

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