Cost of Living in Reno city (Lamar County), TX

Population 3,478 · Texas · Data vintage 2023

76
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Reno city (Lamar County) can reasonably expect a home to cost less than three years of household income — $211,000 against $85,179 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Geographically, Reno city (Lamar County) lies roughly 75 miles east of the nearest major metro, McKinney. Median home values run roughly 52% lower than McKinney's $440,000.

Cost Overview

Housing 69
Rent 85

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

About the Cost of Living in Reno city (Lamar County)

The median home value in Reno city (Lamar County) is $211,100 — 31% below the national median of $305,000. Median rent runs $1,116/month, 15% lower than the national median of $1,314/month. The median household income of $85,179/year is 14% higher than the US median of $74,580. The local unemployment rate is 5.0%, 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 74.9°F and lows of 51.2°F. Overall, Reno city (Lamar County) has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.

🏠 Housing

Median Home Value
$211,100
31% below avg
Median Rent
$1,116/mo
15% below avg
Price-to-Rent Ratio
15.8x
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 76.4%
Renter-occupied 23.6%

💰 Estimated Monthly Budget

Rent median rent
$1,116
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,730/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
18.1 min
33% below avg
Gas Price
$3.145/gal
0% below avg
0

Commute Mode

Drove alone
90.1%
Carpooled
9.9%

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
$85,179
14% above avg
Per Capita Income
$30,048
Unemployment Rate
5.0%
3% above avg
Poverty Rate
9.5%
Labor Force Participation
72.5%

🎓 Education

Bachelor's degree+ 18.7%
Graduate degree 7.5%

👥 Demographics

Median Age 33.8
Male median age 28.5
Female median age 34.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.9°F
Avg Low
51.2°F
Annual Precip
44.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555967758289939388776556
Low °F 313542506068717063514034
Precip" 2.923.273.984.695.074.302.952.593.363.823.234.17

Frequently Asked Questions

What is the cost of living in Reno city (Lamar County), TX?

Reno city (Lamar County) has a cost index of 76 (100 = national average). It is 24% below the national average.

What is average rent in Reno city (Lamar County), TX?

The median gross rent in Reno city (Lamar County) is $1,116 per month based on 2023 Census data.

What is the average home price in Reno city (Lamar County)?

The median home value in Reno city (Lamar County) is $211,100 according to 2023 Census ACS data.

What is the median income in Reno city (Lamar County)?

The median household income in Reno city (Lamar County) is $85,179 per year (2023 ACS 5-year estimates).

What is the sales tax in Reno city (Lamar County), TX?

The combined state and local sales tax rate in Reno city (Lamar County) is 8.2%. Texas has no state income tax.

Is Reno city (Lamar County), TX affordable?

Yes, Reno city (Lamar County) is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.

What is the weather like in Reno city (Lamar County)?

Reno city (Lamar County) has average high temperatures of 74.9°F and average lows of 51.2°F. Annual precipitation is 44.4". Data from NOAA 1991–2020 Climate Normals.

Reno city (Lamar County) at a Glance

Population
3,478
Median Income
$85,179
Home Value
$211,100
Median Rent
$1,116/mo
Unemployment
5.0%
Avg High Temp
74.9°F
Sales Tax
8.2%
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Explore county-level cost of living data

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