States › Texas › Monahans

Is Monahans, TX expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,15334% lower than U.S. average
💵 Families earn per year (2026)$76,225about $6,352/month · 12% lower than U.S. average
🔑 House price$160,80052% lower than U.S. average

Rent is lower than in 79% 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 $46,120 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 116 of 426 cities from cheapest to most expensive.

Monahans
$1,153
Decatur
$1,660
Alamo Heights
$3,467
Hutchins
$1,469
Dripping Springs
$2,724
Aubrey
$1,980
Hitchcock
$1,614

How much do households earn in Monahans?

Under $25k
7.3%
$25k–50k
36.6%
$50k–100k
28.6%
$100k–150k
18.8%
$150k+
7.3%

Share of households by yearly income. 26.1% of households earn $100,000 or more.

Rent by apartment size in Monahans

SizeMonahansU.S. average
1 bedroom$774$1,324
2 bedrooms$1,290$1,509
3 bedrooms$1,341$1,698

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

How expensive is Monahans 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 Monahans, so the Texas figure is shown.

Taxes and bills in Monahans

🏛️ Property tax$867a year · 0.54% of home value · U.S. $3,119
⚡ Electric bill$236a month (typical) · U.S. $156

Life in Monahans

Commute to work20.7 minU.S.: 26.4 min
College degree12.2%U.S.: 35.7%
Own their home73%U.S.: 65.2%
Below poverty line15.6%U.S.: 12.5%
Unemployment3%U.S.: 5.2%

Is it cheaper to rent or buy in Monahans?

About the same. Renting and owning cost within $37 of each other each month.

Renting
$1,153
Owning
$1,116

Owning assumes a typical $160,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,080 for the down payment.

Frequently asked questions

What is the average rent in Monahans, TX?

Renting in Monahans costs a median of about $1,153 a month in 2026, including utilities. The Texas median is $1,451.

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

To keep rent under 30% of income, you need about $46,120 a year, or $22 an hour at a full-time job.

Is Monahans cheap or expensive?

Monahans is rated Cheap: rent takes 18.2% of the typical household income of $76,225. It ranks 116th cheapest of 426 Texas cities we track.

How much are property taxes in Monahans?

The median homeowner in Monahans pays $867 a year in property taxes, about 0.54% of the median home value.

Is Monahans 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 Monahans?

The median home value in Monahans is $160,800, about 2.1 times the typical yearly household income.

7,452 people live in Monahans. Numbers are typical (middle) values.