Living in Electra, Texas
Cost of living, income, home prices, rent and demographics of Electra · Census data 2020–2024
Electra has 2,351 residents with a median age of 36.9. The median household income is $69,167 (12% lower than the Texas median), the median home value is $59,300, the median rent is $815/month.
Electra at a glance
- Population
- 2,351
- Median age
- 36.9State: 35.6
- Median household income
- $69,167State: $78,476
- Median home value
- $59,300State: $283,800
- Median rent
- $815/moState: $1,403
- Homeowners
- 68%
- Bachelor's degree or higher
- 17.4%
- Average commute
- 20 min
Is Electra a good place to live?
Pros: Home values 79% lower than the state median; an average commute of 20 minutes; unemployment of 2.7%.
Cons: Median household income 12% lower than the Texas median; a poverty rate of 19.7%.
The weather is best in April–May and September–October.
Cost of living in Electra
Housing is the biggest part of the cost of living. In Electra the median home value is $59,300, 82% lower than the U.S. median. Renters pay a median of $815 per month, which is 25.7% of household income. Homeowners with a mortgage pay $1,630 a month in housing costs.
Electra median household income
The median household income in Electra is $69,167 and the income per person is $31,239. 19.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Electra: homes for sale and rent
- Housing units
- 1,188
- Owner-occupied
- 68%
- Renter-occupied
- 32%
- Vacant
- 24.7%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.60
Electra demographics
- Population
- 2,351
- Median age
- 36.9
- Under 18
- 30.1%
- 65 and older
- 12.4%
- Households
- 894
- Foreign-born
- 1.7%
- Veterans
- 13.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Electra ›
Education in Electra
17.4% of adults 25 and older in Electra have a bachelor's degree or higher (Texas: 33.8%), and 2.9% have a graduate or professional degree.
Jobs and commute in Electra
- Unemployment rate
- 2.7%State: 5.3%
- Average commute
- 20 minState: 27 min
- Work from home
- 6.7%
- Drive alone
- 84.3%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 83.3%
Electra vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Electra | 2,351 | $69,167 | $59,300 | $815 |
| Iowa Park | 6,578 | $66,622 | $132,800 | $938 |
| Davidson | 169 | $33,750 | $40,500 | $572 |
| Grandfield | 940 | $29,811 | $49,700 | $625 |
| Pleasant Valley | 357 | $81,250 | $138,200 | $1,125 |
| Holliday | 1,661 | $62,981 | $181,300 | $779 |
| Burkburnett | 11,059 | $66,308 | $151,900 | $964 |
| Devol | 146 | $37,115 | $84,200 | — |
| Frederick | 3,445 | $44,595 | $89,300 | $743 |
More for people moving to Electra
Electra ZIP code ›Weather and climate ›Living in Electra: FAQ
What is the median household income in Electra, TX?
The median household income in Electra is $69,167, 12% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Electra?
The median home value in Electra is $59,300, compared with $283,800 in Texas.
How much is rent in Electra?
The median gross rent in Electra is $815 per month, about 25.7% of household income.
Is Electra, TX a good place to live?
Pluses: home values 79% lower than the state median; an average commute of 20 minutes; unemployment of 2.7%. Minuses: median household income 12% lower than the Texas median; a poverty rate of 19.7%.
What is the median age in Electra?
The median age in Electra is 36.9 years (Texas: 35.6).
How long is the commute in Electra?
The average commute to work in Electra is 20 minutes; 6.7% of workers work from home.
What is the unemployment rate in Electra?
The unemployment rate in Electra is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Electra?
17.4% of adults in Electra have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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