salaryRent is higher than in 55% of U.S. cities. A typical house costs about 3.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $70,200 a year. That is $34 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 284 of 426 cities from cheapest to most expensive.
How much do households earn in Terrell?
Share of households by yearly income. 15.8% of households earn $100,000 or more.
Rent by apartment size in Terrell
| Size | Terrell | U.S. average |
|---|---|---|
| Studio | $707 | $1,338 |
| 1 bedroom | $1,026 | $1,324 |
| 2 bedrooms | $1,264 | $1,509 |
| 3 bedrooms | $1,600 | $1,698 |
| 4 bedrooms | $2,041 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Terrell 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, so the Texas figure is shown.
Taxes and bills in Terrell
Life in Terrell
Is it cheaper to rent or buy in Terrell?
Buying is cheaper month to month: about $239 a month less than renting.
Owning assumes a typical $218,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,850 for the down payment.
Frequently asked questions
What is the average rent in Terrell, TX?
Renting in Terrell costs a median of about $1,755 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Terrell?
To keep rent under 30% of income, you need about $70,200 a year, or $34 an hour at a full-time job.
Is Terrell cheap or expensive?
Terrell is rated OK: rent takes 29.7% of the typical household income of $71,011. It ranks 284th cheapest of 426 Texas cities we track.
How much are property taxes in Terrell?
The median homeowner in Terrell pays $3,803 a year in property taxes, about 1.74% of the median home value.
Is Terrell 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?
The median home value in Terrell is $218,500, about 3.1 times the typical yearly household income.
20,366 people live in Terrell. Numbers are typical (middle) values.