Cost of Living in Nocona, TX

Population 3,073 · Texas · Data vintage 2023

44
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $45,536, median household incomes in Nocona land roughly 39% below the US median, a gap that tends to persist across local labor-market indicators. At 17.0%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Nocona is about 45 miles east of Wichita Falls, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 19% lower than Wichita Falls' $143,000.

Cost Overview

Housing 38
Rent 55

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

About the Cost of Living in Nocona

The median home value in Nocona is $114,900 — 62% below the national median of $305,000. Median rent runs $717/month, 45% lower than the national median of $1,314/month. The median household income of $45,536/year is 39% lower than the US median of $74,580. The local unemployment rate is 17.0%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 76.1°F and lows of 51.2°F, with about 3.1" of annual snowfall. Overall, Nocona has a cost of living index of 44 versus the US average of 100, meaning it is 56% less expensive.

🏠 Housing

Median Home Value
$114,900
62% below avg
Zillow Home Value
$307,931
Zillow ZHVI
Median Rent
$717/mo
45% below avg
Price-to-Rent Ratio
13.4x
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 73.1%
Renter-occupied 26.9%

💰 Estimated Monthly Budget

Rent median rent
$717
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,331/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
29.1 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.0%

Commute Mode

Drove alone
85.8%
Carpooled
7.4%
Work from home
6.0%

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
$45,536
39% below avg
Per Capita Income
$22,778
Unemployment Rate
17.0%
253% above avg
Poverty Rate
15.7%
Labor Force Participation
53.1%

🎓 Education

Bachelor's degree+ 11.3%
Graduate degree 5.8%

👥 Demographics

Median Age 39.9
Male median age 41.9
Female median age 29.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
76.1°F
Avg Low
51.2°F
Annual Precip
27.9"
Annual Snowfall
3.1"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555968768492979788776556
Low °F 303442506068727264524032
Precip" 1.201.402.022.503.813.352.022.532.992.881.631.56
Snow" 0.71.10.20.00.00.00.00.00.00.00.30.8

Frequently Asked Questions

What is the cost of living in Nocona, TX?

Nocona has a cost index of 44 (100 = national average). It is 56% below the national average.

What is average rent in Nocona, TX?

The median gross rent in Nocona is $717 per month based on 2023 Census data.

What is the average home price in Nocona?

The median home value in Nocona is $114,900 according to Zillow and Census data.

What is the median income in Nocona?

The median household income in Nocona is $45,536 per year (2023 ACS 5-year estimates).

What is the sales tax in Nocona, TX?

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

Is Nocona, TX affordable?

Yes, Nocona is generally considered affordable, with a cost of living index of 44 — about 56% below the US national average of 100.

What is the weather like in Nocona?

Nocona has average high temperatures of 76.1°F and average lows of 51.2°F. Annual precipitation is 27.9". Average annual snowfall is 3.1". Data from NOAA 1991–2020 Climate Normals.

Nocona at a Glance

Population
3,073
Median Income
$45,536
Home Value
$114,900
Median Rent
$717/mo
Unemployment
17.0%
Avg High Temp
76.1°F
Sales Tax
8.2%
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