Rio Grande, TX

Very Low · 44

Texas · Population 15,258 · Updated March 2026

$742
Median Rent / Month
$41,369
Median Income
$113,400
Median Home Value
$606
Owner Costs / Month

Affordability

How far your income goes in Rio Grande

21.5%
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

$8,904
Annual Rent
$0
State Income Tax
$1,814
Property Tax (est.)

Cost of Living Overview

Rio Grande is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 44 (where 100 equals the national median), Rio Grande residents can expect to pay median rent of $742/month while earning a median household income of $41,369/year.

The median home value in Rio Grande, TX is $113,400, with typical monthly owner costs around $606 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.5% 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 Rio Grande.

Frequently Asked Questions

Common questions about living costs in Rio Grande

What is the cost of living in Rio Grande, TX?
The cost of living index in Rio Grande, TX is 44 (US average = 100). Median monthly rent is $742, median household income is $41,369/year, and the median home value is $113,400.
Is Rio Grande, TX affordable?
Yes, Rio Grande is more affordable than the national average with a cost index of 44. The rent-to-income ratio is 21.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Rio Grande, TX?
The median gross rent in Rio Grande, TX is $742 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,904.
What is the median household income in Rio Grande?
The median household income in Rio Grande, TX is $41,369 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.