Living in Panhandle, Texas
Cost of living, income, home prices, rent and demographics of Panhandle · Census data 2020–2024
Panhandle has 2,505 residents with a median age of 48.2. The median household income is $85,870 (9% higher than the Texas median), the median home value is $161,000, the median rent is $1,038/month.
Panhandle at a glance
- Population
- 2,505
- Median age
- 48.2State: 35.6
- Median household income
- $85,870State: $78,476
- Median home value
- $161,000State: $283,800
- Median rent
- $1,038/moState: $1,403
- Homeowners
- 77.1%
- Bachelor's degree or higher
- 33.1%
- Average commute
- 21 min
Is Panhandle a good place to live?
Pros: Median household income 9% higher than the Texas median; home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 0.2%; a poverty rate of 5.8%.
The weather is best in April–May and September–October.
Cost of living in Panhandle
Housing is the biggest part of the cost of living. In Panhandle the median home value is $161,000, 52% lower than the U.S. median. Renters pay a median of $1,038 per month, which is 23.3% of household income. Homeowners with a mortgage pay $1,381 a month in housing costs.
Panhandle median household income
The median household income in Panhandle is $85,870 and the income per person is $46,444. 5.8% of residents live below the poverty line (Texas: 13.8%).
Housing in Panhandle: homes for sale and rent
- Housing units
- 1,286
- Owner-occupied
- 77.1%
- Renter-occupied
- 22.9%
- Vacant
- 10.4%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.11
Panhandle demographics
- Population
- 2,505
- Median age
- 48.2
- Under 18
- 18%
- 65 and older
- 23.7%
- Households
- 1,152
- Foreign-born
- 3.8%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Panhandle ›
Education in Panhandle
33.1% of adults 25 and older in Panhandle have a bachelor's degree or higher (Texas: 33.8%), and 15.2% have a graduate or professional degree.
Jobs and commute in Panhandle
- Unemployment rate
- 0.2%State: 5.3%
- Average commute
- 21 minState: 27 min
- Work from home
- 9.2%
- Drive alone
- 83.7%
- Public transit
- 0%
- Walk to work
- 1.6%
- Homes with broadband
- 81.9%
Panhandle vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Panhandle | 2,505 | $85,870 | $161,000 | $1,038 |
| White Deer | 1,191 | $87,292 | $116,700 | $866 |
| Claude | 1,163 | $77,813 | $170,600 | $1,039 |
| Groom | 549 | $67,917 | $93,900 | $1,094 |
| Skellytown | 457 | $55,625 | $38,700 | $850 |
| Borger | 12,226 | $61,583 | $103,400 | $910 |
| Fritch | 2,293 | $88,750 | $132,300 | $1,100 |
| Lake Meredith Estates | 183 | $31,250 | — | — |
| Sanford | 130 | $28,438 | $40,600 | — |
More for people moving to Panhandle
Panhandle ZIP code ›Weather and climate ›Living in Panhandle: FAQ
What is the median household income in Panhandle, TX?
The median household income in Panhandle is $85,870, 9% 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 Panhandle?
The median home value in Panhandle is $161,000, compared with $283,800 in Texas.
How much is rent in Panhandle?
The median gross rent in Panhandle is $1,038 per month, about 23.3% of household income.
Is Panhandle, TX a good place to live?
Pluses: median household income 9% higher than the Texas median; home values 43% lower than the state median; an average commute of 21 minutes; unemployment of 0.2%; a poverty rate of 5.8%.
What is the median age in Panhandle?
The median age in Panhandle is 48.2 years (Texas: 35.6).
How long is the commute in Panhandle?
The average commute to work in Panhandle is 21 minutes; 9.2% of workers work from home.
What is the unemployment rate in Panhandle?
The unemployment rate in Panhandle is 0.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Panhandle?
33.1% of adults in Panhandle 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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