Midland, Texas has an overall cost of living index of 102.9, which is 2.9 points above the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,407 per month, while the typical home is valued around $298,600. Households earn a median of $91,169 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$91,169
Annual · Census ACS
Median Gross Rent
$1,407
Per month · Census ACS
Median Home Value
$298,600
Census ACS
Cost of Living Index
102.9
BEA RPP · US avg = 100
Studio FMR
$1,424
HUD Fair Market Rent
1BR Fair Market Rent
$1,449
HUD FMR
2BR Fair Market Rent
$1,780
HUD FMR
3BR Fair Market Rent
$2,286
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
102.9
Goods
109.0
Rents / Housing
84.2
Services
149.0
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $128,600 |
| 🏥Registered Nurse | $124,380 |
| 📚Elementary Teacher | $96,980 |
| ⚡Electrician | $75,390 |
| 📊Accountant | $83,930 |
Source: BLS OEWS 2023 (metro-level data)
Population
133,998
Latest estimate
Median Age
31.6 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Midland?
Midland has a Regional Price Parity (RPP) index of 102.9. The US national average is 100, so Midland is 2.9 points above the national average.
What is the median rent in Midland?
The median gross rent in Midland is $1,407 per month according to US Census ACS data.
What is the median household income in Midland?
The median household income in Midland is $91,169 per year.
What is the median home value in Midland?
The median home value in Midland is $298,600 based on the latest Census ACS survey.
How is the air quality in Midland?
Air quality data for Midland is not yet available.
What are the taxes like in Midland?
Texas has no state income tax on wages and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology