Forest Hill, TX

Below Avg · 83

Texas · Population 13,923 · Updated March 2026

$1,506
Median Rent / Month
$59,653
Median Income
$171,300
Median Home Value
$1,195
Owner Costs / Month

Affordability

How far your income goes in Forest Hill

30.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$18,072
Annual Rent
$0
State Income Tax
$2,741
Property Tax (est.)

Cost of Living Overview

Forest Hill is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Forest Hill residents can expect to pay median rent of $1,506/month while earning a median household income of $59,653/year.

The median home value in Forest Hill, TX is $171,300, with typical monthly owner costs around $1,195 including mortgage, insurance, and taxes. At 30.3% rent-to-income ratio, residents of Forest Hill are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Forest Hill.

Frequently Asked Questions

Common questions about living costs in Forest Hill

What is the cost of living in Forest Hill, TX?
The cost of living index in Forest Hill, TX is 83 (US average = 100). Median monthly rent is $1,506, median household income is $59,653/year, and the median home value is $171,300.
Is Forest Hill, TX affordable?
Yes, Forest Hill is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 30.3%—above the 30%% affordability threshold.
What is the average rent in Forest Hill, TX?
The median gross rent in Forest Hill, TX is $1,506 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,072.
What is the median household income in Forest Hill?
The median household income in Forest Hill, TX is $59,653 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.