Midland, Texas has an overall cost of living index of 99.6, which is 0.4 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,434 per month, while the typical home is valued around $319,200. Households earn a median of $89,585 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$89,585
Annual · Census ACS
Median Gross Rent
$1,434
Per month · Census ACS
Median Home Value
$319,200
Census ACS
Cost of Living Index
99.6
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
99.6
Goods
104.9
Rents / Housing
76.8
Services
147.7
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $135,520 |
| 🏥Registered Nurse | $125,910 |
| 📚Elementary Teacher | $97,360 |
| ⚡Electrician | $72,610 |
| 📊Accountant | $89,450 |
| 🔧Plumber | $59,650 |
| ⚕️Nurse Practitioner | $150,410 |
| 🏗️Civil Engineer | $106,630 |
| 👔Operations Manager | $118,280 |
| 📈Market Research Analyst | $67,980 |
| 🏢Health Services Manager | $118,530 |
| 🚛Truck Driver | $56,840 |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
136,640
Latest estimate
Median Age
31.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,404
Per month
Avg Home Value
$320,375
Census ACS
January Avg
45°F
July Avg
83°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
28.9
poor
Hospitals
2
Doctors per 1,000
1.00
Insurance Coverage
85.6%
What is the cost of living index for Midland?
Midland has a Regional Price Parity (RPP) index of 99.6. The US national average is 100, so Midland is 0.4 points below the national average.
What is the median rent in Midland?
The median gross rent in Midland is $1,434 per month according to US Census ACS data.
What is the median household income in Midland?
The median household income in Midland is $89,585 per year.
What is the median home value in Midland?
The median home value in Midland is $319,200 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?
Tax data for Texas is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
