salaryRent is lower than in 80% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 4.2 years of household income. Most homes (81.3%) are owned, so rentals can be hard to find. It is a highly educated city: 77.4% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $45,360 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 110 of 426 cities from cheapest to most expensive.
How much do households earn in Terrell Hills?
Share of households by yearly income. 66.8% of households earn $100,000 or more.
Rent by apartment size in Terrell Hills
| Size | Terrell Hills | U.S. average |
|---|---|---|
| 2 bedrooms | $1,077 | $1,509 |
| 3 bedrooms | $2,960 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Terrell Hills 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 Terrell Hills, so the Texas figure is shown.
Taxes and bills in Terrell Hills
Life in Terrell Hills
Is it cheaper to rent or buy in Terrell Hills?
Renting is cheaper right now: about $4,683 a month less.
Owning assumes a typical $838,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $83,840 for the down payment.
Frequently asked questions
What is the average rent in Terrell Hills, TX?
Renting in Terrell Hills costs a median of about $1,134 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Terrell Hills?
To keep rent under 30% of income, you need about $45,360 a year, or $22 an hour at a full-time job.
Is Terrell Hills cheap or expensive?
Terrell Hills is rated Cheap: rent takes 6.8% of the typical household income of $201,032. It ranks 110th cheapest of 426 Texas cities we track.
How much are property taxes in Terrell Hills?
The median homeowner in Terrell Hills pays $10,000+ a year in property taxes, about 1.19% of the median home value.
Is Terrell Hills 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 Terrell Hills?
The median home value in Terrell Hills is $838,400, about 4.2 times the typical yearly household income.
5,070 people live in Terrell Hills. Numbers are typical (middle) values.