Living in Petersburg, Texas
Cost of living, income, home prices, rent and demographics of Petersburg · Census data 2020–2024
Petersburg has 699 residents with a median age of 48.2. The median household income is $51,250 (35% lower than the Texas median), the median home value is $72,700, the median rent is $642/month.
Petersburg is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Petersburg at a glance
- Population
- 699
- Median age
- 48.2State: 35.6
- Median household income
- $51,250State: $78,476
- Median home value
- $72,700State: $283,800
- Median rent
- $642/moState: $1,403
- Homeowners
- 65%
- Bachelor's degree or higher
- 10.4%
- Average commute
- 25 min
Is Petersburg a good place to live?
Pros: Home values 74% lower than the state median; an average commute of 25 minutes; unemployment of 1.3%.
Cons: Median household income 35% lower than the Texas median; a poverty rate of 18.7%.
The weather is best in April–May and September–October.
Cost of living in Petersburg
Housing is the biggest part of the cost of living. In Petersburg the median home value is $72,700, 78% lower than the U.S. median. Renters pay a median of $642 per month, which is 27.4% of household income. Homeowners with a mortgage pay — a month in housing costs.
Petersburg median household income
The median household income in Petersburg is $51,250 and the income per person is $29,032. 18.7% of residents live below the poverty line (Texas: 13.8%).
Housing in Petersburg: homes for sale and rent
- Housing units
- 446
- Owner-occupied
- 65%
- Renter-occupied
- 35%
- Vacant
- 32.1%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.31
32.1% of homes are vacant most of the year, a sign that Petersburg has many vacation and second homes.
Petersburg demographics
- Population
- 699
- Median age
- 48.2
- Under 18
- 20.7%
- 65 and older
- 22.9%
- Households
- 303
- Foreign-born
- 6%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Petersburg ›
Education in Petersburg
10.4% of adults 25 and older in Petersburg have a bachelor's degree or higher (Texas: 33.8%), and 1.5% have a graduate or professional degree.
Jobs and commute in Petersburg
- Unemployment rate
- 1.3%State: 5.3%
- Average commute
- 25 minState: 27 min
- Work from home
- 5.6%
- Drive alone
- 78.6%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 63%
Petersburg vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Petersburg | 699 | $51,250 | $72,700 | $642 |
| Lorenzo | 834 | $46,389 | $100,800 | $665 |
| Abernathy | 3,278 | $87,531 | $176,400 | $868 |
| Idalou | 2,151 | $58,500 | $211,000 | $678 |
| Floydada | 2,588 | $52,826 | $89,700 | $664 |
| New Deal | 668 | $96,500 | — | $718 |
| Ralls | 1,463 | $57,697 | $72,200 | $777 |
| Lockney | 1,752 | $54,698 | $82,600 | $718 |
| Hale Center | 2,037 | $57,083 | $76,200 | $594 |
More for people moving to Petersburg
Petersburg ZIP code ›Weather and climate ›Living in Petersburg: FAQ
What is the median household income in Petersburg, TX?
The median household income in Petersburg is $51,250, 35% 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 Petersburg?
The median home value in Petersburg is $72,700, compared with $283,800 in Texas.
How much is rent in Petersburg?
The median gross rent in Petersburg is $642 per month, about 27.4% of household income.
Is Petersburg, TX a good place to live?
Pluses: home values 74% lower than the state median; an average commute of 25 minutes; unemployment of 1.3%. Minuses: median household income 35% lower than the Texas median; a poverty rate of 18.7%.
What is the median age in Petersburg?
The median age in Petersburg is 48.2 years (Texas: 35.6).
How long is the commute in Petersburg?
The average commute to work in Petersburg is 25 minutes; 5.6% of workers work from home.
What is the unemployment rate in Petersburg?
The unemployment rate in Petersburg is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Petersburg?
10.4% of adults in Petersburg 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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