Cost of Living in Muleshoe, TX

Population 5,328 · Texas · Data vintage 2023

42
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Muleshoe offers a notably favorable income-to-housing ratio for its region. The typical home — $100,000 — costs less than 1.4 times median household income of $71,534, a threshold many coastal markets passed a decade ago. The labor market has been unusually tight, with unemployment around 0.7% — below most comparable cities in the state.

Muleshoe is about 65 miles northwest of Lubbock, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 49% lower than Lubbock's $198,000.

Cost Overview

Housing 33
Rent 57

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

About the Cost of Living in Muleshoe

The median home value in Muleshoe is $100,100 — 67% below the national median of $305,000. Median rent runs $745/month, 43% lower than the national median of $1,314/month. The median household income of $71,534/year is 4% lower than the US median of $74,580. The local unemployment rate is 0.7%, 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 74.0°F and lows of 41.6°F. Overall, Muleshoe has a cost of living index of 42 versus the US average of 100, meaning it is 58% less expensive.

🏠 Housing

Median Home Value
$100,100
67% below avg
Zillow Home Value
$76,739
Zillow ZHVI
Median Rent
$745/mo
43% below avg
Price-to-Rent Ratio
11.2x
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 75.7%
Renter-occupied 24.3%

💰 Estimated Monthly Budget

Rent median rent
$745
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,359/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
13.2 min
51% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.5%

Commute Mode

Drove alone
71.7%
Carpooled
13.7%
Work from home
2.5%

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
$71,534
4% below avg
Per Capita Income
$33,309
Unemployment Rate
0.7%
86% below avg
Poverty Rate
12.9%
Labor Force Participation
45.4%

🎓 Education

Bachelor's degree+ 11.0%
Graduate degree 4.8%

👥 Demographics

Median Age 33.4
Male median age 42.2
Female median age 30.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.0°F
Avg Low
41.6°F
Annual Precip
17.9"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555967748392929183746354
Low °F 222632395059636154423023
Precip" 0.570.420.840.752.242.862.332.622.431.520.670.69

Frequently Asked Questions

What is the cost of living in Muleshoe, TX?

Muleshoe has a cost index of 42 (100 = national average). It is 58% below the national average.

What is average rent in Muleshoe, TX?

The median gross rent in Muleshoe is $745 per month based on 2023 Census data.

What is the average home price in Muleshoe?

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

What is the median income in Muleshoe?

The median household income in Muleshoe is $71,534 per year (2023 ACS 5-year estimates).

What is the sales tax in Muleshoe, TX?

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

Is Muleshoe, TX affordable?

Yes, Muleshoe is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.

What is the weather like in Muleshoe?

Muleshoe has average high temperatures of 74.0°F and average lows of 41.6°F. Annual precipitation is 17.9". Data from NOAA 1991–2020 Climate Normals.

Muleshoe at a Glance

Population
5,328
Median Income
$71,534
Home Value
$100,100
Median Rent
$745/mo
Unemployment
0.7%
Avg High Temp
74.0°F
Sales Tax
8.2%
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