Living in Payne Springs, Texas
Cost of living, income, home prices, rent and demographics of Payne Springs · Census data 2020–2024
Payne Springs has 1,201 residents with a median age of 36.2. The median household income is $63,145 (20% lower than the Texas median), the median home value is $233,200, the median rent is $1,158/month.
Payne Springs is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Payne Springs at a glance
- Population
- 1,201
- Median age
- 36.2State: 35.6
- Median household income
- $63,145State: $78,476
- Median home value
- $233,200State: $283,800
- Median rent
- $1,158/moState: $1,403
- Homeowners
- 80.7%
- Bachelor's degree or higher
- 19.4%
- Average commute
- 44 min
Is Payne Springs a good place to live?
Pros: Home values 18% lower than the state median; unemployment of 1.1%; a poverty rate of 12.6%.
Cons: Median household income 20% lower than the Texas median; an average commute of 44 minutes.
The weather is best in April–May and October–November.
Cost of living in Payne Springs
Housing is the biggest part of the cost of living. In Payne Springs the median home value is $233,200, 30% lower than the U.S. median. Renters pay a median of $1,158 per month, which is 33.5% of household income. Homeowners with a mortgage pay $3,070 a month in housing costs.
Payne Springs median household income
The median household income in Payne Springs is $63,145 and the income per person is $27,193. 12.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Payne Springs: homes for sale and rent
- Housing units
- 573
- Owner-occupied
- 80.7%
- Renter-occupied
- 19.3%
- Vacant
- 21.5%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.67
Payne Springs demographics
- Population
- 1,201
- Median age
- 36.2
- Under 18
- 24.9%
- 65 and older
- 14.7%
- Households
- 450
- Foreign-born
- 0.7%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Payne Springs ›
Education in Payne Springs
19.4% of adults 25 and older in Payne Springs have a bachelor's degree or higher (Texas: 33.8%), and 1.3% have a graduate or professional degree.
Jobs and commute in Payne Springs
- Unemployment rate
- 1.1%State: 5.3%
- Average commute
- 44 minState: 27 min
- Work from home
- 10.2%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 86.9%
Payne Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Payne Springs | 1,201 | $63,145 | $233,200 | $1,158 |
| Enchanted Oaks | 269 | $79,250 | $415,200 | $1,292 |
| Eustace | 1,039 | $68,250 | $192,900 | $1,007 |
| Gun Barrel City | 6,570 | $71,310 | $237,300 | $960 |
| Log Cabin | 998 | $53,438 | — | $1,076 |
| Caney City | 192 | $73,125 | — | — |
| Tool | 2,367 | $71,333 | $213,300 | $1,386 |
| Star Harbor | 470 | $107,083 | $342,500 | — |
| Mabank | 5,187 | $54,889 | $254,900 | $994 |
More for people moving to Payne Springs
Payne Springs ZIP code ›Weather and climate ›Living in Payne Springs: FAQ
What is the median household income in Payne Springs, TX?
The median household income in Payne Springs is $63,145, 20% 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 Payne Springs?
The median home value in Payne Springs is $233,200, compared with $283,800 in Texas.
How much is rent in Payne Springs?
The median gross rent in Payne Springs is $1,158 per month, about 33.5% of household income.
Is Payne Springs, TX a good place to live?
Pluses: home values 18% lower than the state median; unemployment of 1.1%; a poverty rate of 12.6%. Minuses: median household income 20% lower than the Texas median; an average commute of 44 minutes.
What is the median age in Payne Springs?
The median age in Payne Springs is 36.2 years (Texas: 35.6).
How long is the commute in Payne Springs?
The average commute to work in Payne Springs is 44 minutes; 10.2% of workers work from home.
What is the unemployment rate in Payne Springs?
The unemployment rate in Payne Springs is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Payne Springs?
19.4% of adults in Payne Springs 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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