Living in Monahans, Texas
Cost of living, income, home prices, rent and demographics of Monahans · Census data 2020–2024
Monahans has 7,452 residents with a median age of 33.3. The median household income is $70,677 (10% lower than the Texas median), the median home value is $160,800, the median rent is $1,110/month.
Monahans at a glance
- Population
- 7,452
- Median age
- 33.3State: 35.6
- Median household income
- $70,677State: $78,476
- Median home value
- $160,800State: $283,800
- Median rent
- $1,110/moState: $1,403
- Homeowners
- 73%
- Bachelor's degree or higher
- 12.2%
- Average commute
- 21 min
Is Monahans a good place to live?
Pros: Home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 3%.
Cons: Median household income 10% lower than the Texas median; a poverty rate of 15.6%.
The weather is best in March–April and October–November.
Cost of living in Monahans
Housing is the biggest part of the cost of living. In Monahans the median home value is $160,800, 52% lower than the U.S. median. Renters pay a median of $1,110 per month, which is 23.7% of household income. Homeowners with a mortgage pay $1,705 a month in housing costs.
Monahans median household income
The median household income in Monahans is $70,677 and the income per person is $36,922. 15.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Monahans: homes for sale and rent
- Housing units
- 3,435
- Owner-occupied
- 73%
- Renter-occupied
- 27%
- Vacant
- 16.4%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.55
Monahans demographics
- Population
- 7,452
- Median age
- 33.3
- Under 18
- 29.2%
- 65 and older
- 10.1%
- Households
- 2,873
- Foreign-born
- 11.1%
- Veterans
- 6.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Monahans ›
Education in Monahans
12.2% of adults 25 and older in Monahans have a bachelor's degree or higher (Texas: 33.8%), and 3% have a graduate or professional degree.
Jobs and commute in Monahans
- Unemployment rate
- 3%State: 5.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 1%
- Drive alone
- 85.7%
- Public transit
- 0%
- Walk to work
- 1.8%
- Homes with broadband
- 91.8%
Monahans vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monahans | 7,452 | $70,677 | $160,800 | $1,110 |
| Wink | 1,373 | $103,472 | $121,900 | $678 |
| Wickett | 699 | $57,109 | $84,700 | — |
| Thorntonville | 626 | $61,141 | $200,000 | — |
| Kermit | 5,689 | $81,170 | $151,600 | $1,071 |
| Southwest Sandhill | 1,143 | $74,306 | $109,700 | — |
| Grandfalls | 375 | $33,125 | $44,100 | $422 |
| Town of Pecos | 10,926 | $60,943 | $117,300 | $988 |
| Lindsay | 434 | $86,955 | $136,200 | — |
More for people moving to Monahans
Monahans ZIP code ›Weather and climate ›Living in Monahans: FAQ
What is the median household income in Monahans, TX?
The median household income in Monahans is $70,677, 10% 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 Monahans?
The median home value in Monahans is $160,800, compared with $283,800 in Texas.
How much is rent in Monahans?
The median gross rent in Monahans is $1,110 per month, about 23.7% of household income.
Is Monahans, TX a good place to live?
Pluses: home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 3%. Minuses: median household income 10% lower than the Texas median; a poverty rate of 15.6%.
What is the median age in Monahans?
The median age in Monahans is 33.3 years (Texas: 35.6).
How long is the commute in Monahans?
The average commute to work in Monahans is 21 minutes; 1% of workers work from home.
What is the unemployment rate in Monahans?
The unemployment rate in Monahans is 3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monahans?
12.2% of adults in Monahans 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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