Living in Goldsmith, Texas
Cost of living, income, home prices, rent and demographics of Goldsmith · Census data 2020–2024
Goldsmith has 177 residents with a median age of 43.5. The median household income is $112,969 (44% higher than the Texas median), the median home value is $141,700.
Goldsmith is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Goldsmith at a glance
- Population
- 177
- Median age
- 43.5State: 35.6
- Median household income
- $112,969State: $78,476
- Median home value
- $141,700State: $283,800
- Homeowners
- 77.3%
- Bachelor's degree or higher
- 27.3%
- Average commute
- 30 min
Is Goldsmith a good place to live?
Pros: Median household income 44% higher than the Texas median; home values 50% lower than the state median; unemployment of 4.7%; a poverty rate of 2.3%.
Cons: An average commute of 30 minutes.
The weather is best in March–April and October–November.
Cost of living in Goldsmith
Housing is the biggest part of the cost of living. In Goldsmith the median home value is $141,700, 57% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,500 a month in housing costs.
Goldsmith median household income
The median household income in Goldsmith is $112,969 and the income per person is $49,198. 2.3% of residents live below the poverty line (Texas: 13.8%).
Housing in Goldsmith: homes for sale and rent
- Housing units
- 87
- Owner-occupied
- 77.3%
- Renter-occupied
- 22.7%
- Vacant
- 13.8%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.36
Goldsmith demographics
- Population
- 177
- Median age
- 43.5
- Under 18
- 16.4%
- 65 and older
- 17.5%
- Households
- 75
- Foreign-born
- 1.1%
- Veterans
- 9.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Goldsmith ›
Education in Goldsmith
27.3% of adults 25 and older in Goldsmith have a bachelor's degree or higher (Texas: 33.8%), and 9.8% have a graduate or professional degree.
Jobs and commute in Goldsmith
- Unemployment rate
- 4.7%State: 5.3%
- Average commute
- 30 minState: 27 min
- Work from home
- 3.7%
- Drive alone
- 73.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.7%
Goldsmith vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Goldsmith | 177 | $112,969 | $141,700 | — |
| West Odessa | 32,594 | $65,234 | $126,300 | $891 |
| Gardendale | 1,544 | $103,750 | $408,700 | — |
| Odessa | 115,322 | $73,472 | $223,100 | $1,315 |
| McKinney Acres | 562 | $66,285 | $139,600 | — |
| Andrews | 13,468 | $73,690 | $196,300 | $1,350 |
| Kermit | 5,689 | $81,170 | $151,600 | $1,071 |
| Midland | 136,640 | $89,585 | $319,200 | $1,434 |
| Thorntonville | 626 | $61,141 | $200,000 | — |
More for people moving to Goldsmith
Goldsmith ZIP code ›Weather and climate ›Living in Goldsmith: FAQ
What is the median household income in Goldsmith, TX?
The median household income in Goldsmith is $112,969, 44% higher 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 Goldsmith?
The median home value in Goldsmith is $141,700, compared with $283,800 in Texas.
Is Goldsmith, TX a good place to live?
Pluses: median household income 44% higher than the Texas median; home values 50% lower than the state median; unemployment of 4.7%; a poverty rate of 2.3%. Minuses: an average commute of 30 minutes.
What is the median age in Goldsmith?
The median age in Goldsmith is 43.5 years (Texas: 35.6).
How long is the commute in Goldsmith?
The average commute to work in Goldsmith is 30 minutes; 3.7% of workers work from home.
What is the unemployment rate in Goldsmith?
The unemployment rate in Goldsmith is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Goldsmith?
27.3% of adults in Goldsmith 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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