Big Spring, TX

Very Low · 61

Texas · Population 24,769 · Updated March 2026

$1,009
Median Rent / Month
$70,532
Median Income
$138,800
Median Home Value
$965
Owner Costs / Month

Affordability

How far your income goes in Big Spring

17.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$12,108
Annual Rent
$0
State Income Tax
$2,221
Property Tax (est.)

Cost of Living Overview

Big Spring is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 61 (where 100 equals the national median), Big Spring residents can expect to pay median rent of $1,009/month while earning a median household income of $70,532/year.

The median home value in Big Spring, TX is $138,800, with typical monthly owner costs around $965 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Big Spring.

Frequently Asked Questions

Common questions about living costs in Big Spring

What is the cost of living in Big Spring, TX?
The cost of living index in Big Spring, TX is 61 (US average = 100). Median monthly rent is $1,009, median household income is $70,532/year, and the median home value is $138,800.
Is Big Spring, TX affordable?
Yes, Big Spring is more affordable than the national average with a cost index of 61. The rent-to-income ratio is 17.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Big Spring, TX?
The median gross rent in Big Spring, TX is $1,009 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,108.
What is the median household income in Big Spring?
The median household income in Big Spring, TX is $70,532 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.