Cost of Living in Midland, TX
2026 data for Midland, TX • Population: 151,186
+1% more expensive than the US average (100)
1-Bedroom Rent
Average monthly rent for a one-bedroom apartment
2-Bedroom Rent
Average monthly rent for a two-bedroom apartment
Median Income
Median household income in Midland
Population
Estimated population of Midland
How Far Does Your Salary Go?
A salary in Midland has different purchasing power than the national average. Use the equivalence below to understand what your salary is worth compared to the US average.
Formula: Your salary in Midland ÷ COL index × 100 = equivalent national salary. A $49,505 national salary gives you the same purchasing power as $50,000 in Midland.
Housing Affordability Analysis
Rent as % of Income
For a 1-bedroom apartment at median income. Experts suggest under 30% is affordable.
Monthly Rent to Income
Ratio of monthly income to monthly 1-bedroom rent.
What is a Cost of Living Index?
A cost of living index measures the relative cost of goods and services in a city compared to a national baseline (set at 100). An index of 150 means the city is 50% more expensive than average. An index of 80 means it's 20% cheaper than average.
The index typically includes housing, groceries, utilities, transportation, and healthcare—the major expense categories for households.
Compare with Other Cities
See how Midland's cost of living stacks up against nearby and similar cities.
Financial Tools to Explore
Use these Pulsafi calculators to plan your finances based on Midland's cost of living.
Salary Breakdown Calculator
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Rent vs Buy Calculator
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Cost of Living Guide for Midland, TX
Overview
Midland has a cost of living index of 101, making it 1% more expensive than the national average. With a population of 151,186 and a median household income of $63,456, understanding the true cost of living here is essential for financial planning.
Housing Market
The housing market in Midland reflects its cost of living index. A one-bedroom apartment averages $1,350 per month, while a two-bedroom apartment costs approximately $1,750 per month. For renters, this typically consumes 25.5% of the median household income—within the recommended 30% threshold.
Income and Affordability
With a median household income of $63,456, Midland residents earn slightly above the national median. When factoring in the local cost of living, a salary of $74,257in Midland provides the same purchasing power as $75,000 nationally.
Moving to Midland
Whether you're relocating for work or considering a move, understanding the cost of living in Midland is crucial. Use our calculators to determine if your salary can support your desired lifestyle here. Consider not just rent, but also food, utilities, transportation, and healthcare when budgeting.
Saving and Investing
Once you understand your cost of living in Midland, you can better plan your savings and investment strategy. Our financial tools help you determine how much you can realistically save each month and optimize your financial goals.
Frequently Asked Questions About Cost of Living in Midland
How does the cost of living in Midland compare to the national average?
Midland has a cost of living index of 101, which means it's 1% more expensive than the US average of 100. This affects everything from housing to groceries and utilities.
Is a $74,257 salary good for Midland?
A salary in Midland has different purchasing power than elsewhere. A $74,257 salary in Midland provides the same purchasing power as $75,000 nationally. Compare your salary to the median income of $63,456 to gauge your earning potential.
Can you afford to rent in Midland?
With a median household income of $63,456, a one-bedroom apartment averaging $1,350 per month consumes 25.5% of income. Financial experts recommend keeping rent under 30% of gross income—this is within that threshold.
Related Data for Midland, TX
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