salaryRent is higher than in 52% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 15.9 minutes.
How much money do I need?
To rent here comfortably, you should earn about $67,960 a year. That is $33 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 269 of 426 cities from cheapest to most expensive.
How much do households earn in Hereford?
Share of households by yearly income. 13.4% of households earn $100,000 or more.
Rent by apartment size in Hereford
| Size | Hereford | U.S. average |
|---|---|---|
| Studio | $682 | $1,338 |
| 1 bedroom | $569 | $1,324 |
| 2 bedrooms | $959 | $1,509 |
| 3 bedrooms | $1,207 | $1,698 |
| 4 bedrooms | $1,707 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hereford overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hereford, so the Texas figure is shown.
Taxes and bills in Hereford
Life in Hereford
Is it cheaper to rent or buy in Hereford?
Buying is cheaper month to month: about $938 a month less than renting.
Owning assumes a typical $109,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $10,970 for the down payment.
Frequently asked questions
What is the average rent in Hereford, TX?
Renting in Hereford costs a median of about $1,699 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Hereford?
To keep rent under 30% of income, you need about $67,960 a year, or $33 an hour at a full-time job.
Is Hereford cheap or expensive?
Hereford is rated Expensive: rent takes 33.2% of the typical household income of $61,332. It ranks 269th cheapest of 426 Texas cities we track.
How much are property taxes in Hereford?
The median homeowner in Hereford pays $1,797 a year in property taxes, about 1.64% of the median home value.
Is Hereford 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 Hereford?
The median home value in Hereford is $109,700, about 1.8 times the typical yearly household income.
14,840 people live in Hereford. Numbers are typical (middle) values.