States › Texas › Roanoke

Is Roanoke, TX expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8345% higher than U.S. average
💵 Families earn per year (2026)$104,933about $8,744/month · 21% higher than U.S. average
🔑 House price$466,90040% higher than U.S. average

Rent is higher than in 59% of U.S. cities. A typical house costs about 4.4 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $73,360 a year. That is $35 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 301 of 426 cities from cheapest to most expensive.

Roanoke
$1,834
$1,006
$1,967

How much do households earn in Roanoke?

Under $25k
6.1%
$25k–50k
16.4%
$50k–100k
32.2%
$100k–150k
19.7%
$150k+
24.0%

Share of households by yearly income. 43.7% of households earn $100,000 or more.

Rent by apartment size in Roanoke

SizeRoanokeU.S. average
Studio$1,342$1,338
1 bedroom$1,828$1,324
2 bedrooms$2,358$1,509
3 bedrooms$1,999$1,698
4 bedrooms$3,334$2,098

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

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

Taxes and bills in Roanoke

🏛️ Property tax$6,931a year · 1.48% of home value · U.S. $3,119
⚡ Electric bill$183a month (typical) · U.S. $156

Life in Roanoke

Commute to work26.8 minU.S.: 26.4 min
College degree47.1%U.S.: 35.7%
Own their home54.3%U.S.: 65.2%
Below poverty line4.5%U.S.: 12.5%
Unemployment5%U.S.: 5.2%

Is it cheaper to rent or buy in Roanoke?

Renting is cheaper right now: about $1,406 a month less.

Renting
$1,834
Owning
$3,240

Owning assumes a typical $466,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,690 for the down payment.

Frequently asked questions

What is the average rent in Roanoke, TX?

Renting in Roanoke costs a median of about $1,834 a month in 2026, including utilities. The Texas median is $1,451.

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

To keep rent under 30% of income, you need about $73,360 a year, or $35 an hour at a full-time job.

Is Roanoke cheap or expensive?

Roanoke is rated OK: rent takes 21.0% of the typical household income of $104,933. It ranks 301st cheapest of 426 Texas cities we track.

How much are property taxes in Roanoke?

The median homeowner in Roanoke pays $6,931 a year in property taxes, about 1.48% of the median home value.

Is Roanoke 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 Roanoke?

The median home value in Roanoke is $466,900, about 4.4 times the typical yearly household income.

10,286 people live in Roanoke. Numbers are typical (middle) values.