Calculate using real Midland data. Median home price: $280,000. Property tax rate: 1.68%.
Midland, TX has a cost of living index of 95, where 100 represents the national average. This means living in Midland is 5% less expensive the national average.
The median household income in Midland, TX is $78,412. Combined with a cost of living index of 95, this provides a picture of purchasing power in the area.
The median home price in Midland, TX is $280,000 with a property tax rate of 1.68%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,958.