States › Texas › Mineral Wells

Is Mineral Wells, TX expensive to live in?

ExpensiveRent takes 31 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,55611% lower than U.S. average
💵 Families earn per year (2026)$60,319about $5,027/month · 31% lower than U.S. average
🔑 House price$161,30052% lower than U.S. average

Rent is lower than in 55% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $62,240 a year. That is $30 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 239 of 426 cities from cheapest to most expensive.

Mineral Wells
$1,556
Lockhart
$1,034
Rio Grande City
$950
Uvalde
$1,110
West University Place
$3,500+
Hereford
$1,699
Canyon
$1,123

How much do households earn in Mineral Wells?

Under $25k
21.7%
$25k–50k
24.3%
$50k–100k
32.5%
$100k–150k
11.6%
$150k+
3.2%

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

Rent by apartment size in Mineral Wells

SizeMineral WellsU.S. average
1 bedroom$829$1,324
2 bedrooms$1,042$1,509
3 bedrooms$1,591$1,698
4 bedrooms$1,241$2,098

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

How expensive is Mineral Wells 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 Mineral Wells, so the Texas figure is shown.

Taxes and bills in Mineral Wells

🏛️ Property tax$2,190a year · 1.36% of home value · U.S. $3,119
⚡ Electric bill$180a month (typical) · U.S. $156

Life in Mineral Wells

Commute to work27.5 minU.S.: 26.4 min
College degree11.6%U.S.: 35.7%
Own their home59%U.S.: 65.2%
Below poverty line22.4%U.S.: 12.5%
Unemployment6.5%U.S.: 5.2%

Is it cheaper to rent or buy in Mineral Wells?

Buying is cheaper month to month: about $437 a month less than renting.

Renting
$1,556
Owning
$1,119

Owning assumes a typical $161,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,130 for the down payment.

Frequently asked questions

What is the average rent in Mineral Wells, TX?

Renting in Mineral Wells costs a median of about $1,556 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Mineral Wells?

To keep rent under 30% of income, you need about $62,240 a year, or $30 an hour at a full-time job.

Is Mineral Wells cheap or expensive?

Mineral Wells is rated Expensive: rent takes 31.0% of the typical household income of $60,319. It ranks 239th cheapest of 426 Texas cities we track.

How much are property taxes in Mineral Wells?

The median homeowner in Mineral Wells pays $2,190 a year in property taxes, about 1.36% of the median home value.

Is Mineral Wells 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 Mineral Wells?

The median home value in Mineral Wells is $161,300, about 2.7 times the typical yearly household income.

15,244 people live in Mineral Wells. Numbers are typical (middle) values.