States › Texas › Gatesville

Is Gatesville, TX expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,06040% lower than U.S. average
💵 Families earn per year (2026)$61,709about $5,142/month · 29% lower than U.S. average
🔑 House price$207,30038% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs about 3.4 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $42,400 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Texas cities?

Yes. Rent here is cheaper than in most of Texas. It is number 82 of 426 cities from cheapest to most expensive.

Gatesville
$1,060
Mount Pleasant
$1,074
Highland Village
$2,556
Sulphur Springs
$1,155
South Houston
$1,180
Hewitt
$1,664
Live Oak
$1,604

How much do households earn in Gatesville?

Under $25k
18.7%
$25k–50k
28.7%
$50k–100k
36.5%
$100k–150k
9.4%
$150k+
5.3%

Share of households by yearly income. 14.7% of households earn $100,000 or more.

Rent by apartment size in Gatesville

SizeGatesvilleU.S. average
1 bedroom$712$1,324
2 bedrooms$962$1,509
3 bedrooms$1,395$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Gatesville overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Gatesville, so the Texas figure is shown.

Taxes and bills in Gatesville

🏛️ Property tax$2,289a year · 1.10% of home value · U.S. $3,119
⚡ Electric bill$187a month (typical) · U.S. $156

Life in Gatesville

Commute to work22.8 minU.S.: 26.4 min
College degree8.6%U.S.: 35.7%
Own their home63.9%U.S.: 65.2%
Below poverty line9.1%U.S.: 12.5%
Unemployment4.5%U.S.: 5.2%

Is it cheaper to rent or buy in Gatesville?

Renting is cheaper right now: about $378 a month less.

Renting
$1,060
Owning
$1,438

Owning assumes a typical $207,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,730 for the down payment.

Frequently asked questions

What is the average rent in Gatesville, TX?

Renting in Gatesville costs a median of about $1,060 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Gatesville?

To keep rent under 30% of income, you need about $42,400 a year, or $20 an hour at a full-time job.

Is Gatesville cheap or expensive?

Gatesville is rated OK: rent takes 20.6% of the typical household income of $61,709. It ranks 82nd cheapest of 426 Texas cities we track.

How much are property taxes in Gatesville?

The median homeowner in Gatesville pays $2,289 a year in property taxes, about 1.10% of the median home value.

Is Gatesville more expensive than the national average?

Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Gatesville?

The median home value in Gatesville is $207,300, about 3.4 times the typical yearly household income.

16,228 people live in Gatesville. Numbers are typical (middle) values.