Cost of Living in Midland, TX
Population: 133,998 • 2026 Data
$91,169
Median Household Income
+18% vs national
$1,407
Median Monthly Rent
+4% vs national
$298,600
Median Home Value
-12% vs national
3.6%
Unemployment Rate
Housing in Midland
The median home value in Midland, TX is $298,600. Monthly rent for a typical unit averages $1,407, while total monthly housing costs (including utilities and insurance) average $1,468.
Rent-to-income ratio: 18.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Midland, TX is $91,169. The unemployment rate stands at 3.6%, with a labor force of 68,811 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.