Living in Hereford, Texas
Cost of living, income, home prices, rent and demographics of Hereford · Census data 2020–2024
Hereford has 14,840 residents with a median age of 29.4. The median household income is $56,868 (28% lower than the Texas median), the median home value is $109,700, the median rent is $953/month.
Hereford at a glance
- Population
- 14,840
- Median age
- 29.4State: 35.6
- Median household income
- $56,868State: $78,476
- Median home value
- $109,700State: $283,800
- Median rent
- $953/moState: $1,403
- Homeowners
- 66.4%
- Bachelor's degree or higher
- 8.4%
- Average commute
- 16 min
Is Hereford a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 16 minutes; unemployment of 4.1%.
Cons: Median household income 28% lower than the Texas median; a poverty rate of 15.7%.
The weather is best in April–May and September–October.
Cost of living in Hereford
Housing is the biggest part of the cost of living. In Hereford the median home value is $109,700, 67% lower than the U.S. median. Renters pay a median of $953 per month, which is 24.7% of household income. Homeowners with a mortgage pay $1,388 a month in housing costs.
Hereford median household income
The median household income in Hereford is $56,868 and the income per person is $23,802. 15.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Hereford: homes for sale and rent
- Housing units
- 5,522
- Owner-occupied
- 66.4%
- Renter-occupied
- 33.6%
- Vacant
- 11.8%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 3.00
Hereford demographics
- Population
- 14,840
- Median age
- 29.4
- Under 18
- 32.4%
- 65 and older
- 11.9%
- Households
- 4,873
- Foreign-born
- 17.4%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Hereford ›
Education in Hereford
8.4% of adults 25 and older in Hereford have a bachelor's degree or higher (Texas: 33.8%), and 2.5% have a graduate or professional degree.
Jobs and commute in Hereford
- Unemployment rate
- 4.1%State: 5.3%
- Average commute
- 16 minState: 27 min
- Work from home
- 2.3%
- Drive alone
- 73.8%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 81.2%
Hereford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hereford | 14,840 | $56,868 | $109,700 | $953 |
| Dimmitt | 4,107 | $45,875 | $85,100 | $879 |
| Friona | 4,102 | $66,801 | $125,500 | $1,038 |
| Nazareth | 273 | $110,625 | $245,500 | — |
| Wildorado | 157 | $60,833 | $134,400 | — |
| Vega | 1,086 | $78,125 | $131,000 | $1,107 |
| Canyon | 15,723 | $69,772 | $240,300 | $984 |
| Happy | 647 | $55,313 | $91,800 | $1,102 |
| Rockwell Place | 2,016 | $57,188 | $91,600 | $1,298 |
More for people moving to Hereford
Hereford ZIP code ›Weather and climate ›Living in Hereford: FAQ
What is the median household income in Hereford, TX?
The median household income in Hereford is $56,868, 28% 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 Hereford?
The median home value in Hereford is $109,700, compared with $283,800 in Texas.
How much is rent in Hereford?
The median gross rent in Hereford is $953 per month, about 24.7% of household income.
Is Hereford, TX a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 16 minutes; unemployment of 4.1%. Minuses: median household income 28% lower than the Texas median; a poverty rate of 15.7%.
What is the median age in Hereford?
The median age in Hereford is 29.4 years (Texas: 35.6).
How long is the commute in Hereford?
The average commute to work in Hereford is 16 minutes; 2.3% of workers work from home.
What is the unemployment rate in Hereford?
The unemployment rate in Hereford is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hereford?
8.4% of adults in Hereford 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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