salaryRent is lower than in 80% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.9 minutes each way. Most homes (84.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $45,080 a year. That is $22 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 105 of 426 cities from cheapest to most expensive.
How much do households earn in Kermit?
Share of households by yearly income. 30.4% of households earn $100,000 or more.
Rent by apartment size in Kermit
| Size | Kermit | U.S. average |
|---|---|---|
| 2 bedrooms | $1,128 | $1,509 |
| 3 bedrooms | $1,123 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Kermit 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 Kermit, so the Texas figure is shown.
Taxes and bills in Kermit
Life in Kermit
Is it cheaper to rent or buy in Kermit?
Buying is cheaper month to month: about $75 a month less than renting.
Owning assumes a typical $151,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,160 for the down payment.
Frequently asked questions
What is the average rent in Kermit, TX?
Renting in Kermit costs a median of about $1,127 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Kermit?
To keep rent under 30% of income, you need about $45,080 a year, or $22 an hour at a full-time job.
Is Kermit cheap or expensive?
Kermit is rated Cheap: rent takes 15.4% of the typical household income of $87,542. It ranks 105th cheapest of 426 Texas cities we track.
How much are property taxes in Kermit?
The median homeowner in Kermit pays $1,156 a year in property taxes, about 0.76% of the median home value.
Is Kermit 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 Kermit?
The median home value in Kermit is $151,600, about 1.7 times the typical yearly household income.
5,689 people live in Kermit. Numbers are typical (middle) values.