Snyder, TX

Very Low · 53

Texas · Population 11,310 · Updated March 2026

$929
Median Rent / Month
$54,067
Median Income
$102,500
Median Home Value
$844
Owner Costs / Month

Affordability

How far your income goes in Snyder

20.6%
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

$11,148
Annual Rent
$0
State Income Tax
$1,640
Property Tax (est.)

Cost of Living Overview

Snyder is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 53 (where 100 equals the national median), Snyder residents can expect to pay median rent of $929/month while earning a median household income of $54,067/year.

The median home value in Snyder, TX is $102,500, with typical monthly owner costs around $844 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Snyder.

Frequently Asked Questions

Common questions about living costs in Snyder

What is the cost of living in Snyder, TX?
The cost of living index in Snyder, TX is 53 (US average = 100). Median monthly rent is $929, median household income is $54,067/year, and the median home value is $102,500.
Is Snyder, TX affordable?
Yes, Snyder is more affordable than the national average with a cost index of 53. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Snyder, TX?
The median gross rent in Snyder, TX is $929 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,148.
What is the median household income in Snyder?
The median household income in Snyder, TX is $54,067 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.