Texas · Population 133,998 · Updated March 2026
How far your income goes in Midland
State-level tax rates that affect your costs
Midland has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Midland residents can expect to pay median rent of $1,407/month while earning a median household income of $91,169/year.
The median home value in Midland, TX is $298,600, with typical monthly owner costs around $1,468 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.5% 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 Midland.
Common questions about living costs in Midland