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Cost of Living in McLennan County

Is it better to rent or buy in McLennan County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$72,051
$1,262/mo

Median in area: $1,262

$235,983

Median in area: $235,983

$47,197

If you Rent

🔑
$1,351 /mo
Base Rent$1,262
Est. Utilities$89
% of Income22.5%
Pre-tax Residual$4,653

If you Buy

🏠
$1,744 /mo
P&I (7.04%)$1,261
Taxes & Ins$394
Est. Utilities$89
% of Income29.0%
Pre-tax Residual$4,260

Compare Nearby Areas

See how McLennan County stacks up against neighboring areas.

countyLimestone County, TX
$897/mo
countyCoryell County, TX
$1,136/mo
countyBosque County, TX
$899/mo
countyHill County, TX
$930/mo
countyFalls County, TX
$789/mo

Cost of Living FAQs

Is it cheaper to rent or buy in McLennan County?›

Based on median housing data, renting is currently more affordable on a monthly basis in McLennan County. The estimated all-in monthly cost for renting is $1,351, while owning a median-priced home with a 20% down payment is roughly $1,744 per month (a difference of $393).

How much do utilities cost in McLennan County?›

The average monthly utility cost (electricity and natural gas) for a typical home in McLennan County is approximately $89. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in McLennan County?›

To comfortably afford the median rent and utilities in McLennan County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,040 per year.