Cost of Living in Lampasas, TX

Population 7,506 · Texas · Data vintage 2023

65
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Lampasas 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. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.

Lampasas is about 25 miles west of Killeen, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Killeen's $196,000 median.

Cost Overview

Housing 65
Rent 66

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

About the Cost of Living in Lampasas

The median home value in Lampasas is $197,000 — 35% below the national median of $305,000. Median rent runs $867/month, 34% lower than the national median of $1,314/month. The median household income of $63,173/year is 15% lower than the US median of $74,580. The local unemployment rate is 2.2%, 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, Lampasas has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.

🏠 Housing

Median Home Value
$197,000
35% below avg
Zillow Home Value
$284,538
Zillow ZHVI
Median Rent
$867/mo
34% below avg
Price-to-Rent Ratio
18.9x
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 66.6%
Renter-occupied 33.4%

💰 Estimated Monthly Budget

Rent median rent
$867
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,481/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
24.7 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.0%

Commute Mode

Drove alone
81.7%
Carpooled
10.1%
Walked
2.0%
Bicycle
0.6%
Work from home
4.0%

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
$63,173
15% below avg
Per Capita Income
$31,924
Unemployment Rate
2.2%
55% below avg
Poverty Rate
14.1%
Labor Force Participation
56.1%

🎓 Education

Bachelor's degree+ 11.4%
Graduate degree 5.9%

👥 Demographics

Median Age 40.5
Male median age 39.7
Female median age 41.4

🌤 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 Lampasas, TX?

Lampasas has a cost index of 65 (100 = national average). It is 35% below the national average.

What is average rent in Lampasas, TX?

The median gross rent in Lampasas is $867 per month based on 2023 Census data.

What is the average home price in Lampasas?

The median home value in Lampasas is $197,000 according to Zillow and Census data.

What is the median income in Lampasas?

The median household income in Lampasas is $63,173 per year (2023 ACS 5-year estimates).

What is the sales tax in Lampasas, TX?

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

Is Lampasas, TX affordable?

Yes, Lampasas is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.

What is the weather like in Lampasas?

Lampasas 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.

Lampasas at a Glance

Population
7,506
Median Income
$63,173
Home Value
$197,000
Median Rent
$867/mo
Unemployment
2.2%
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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