Living in Tom Bean, Texas
Cost of living, income, home prices, rent and demographics of Tom Bean · Census data 2020–2024
Tom Bean has 799 residents with a median age of 47.1. The median household income is $88,824 (13% higher than the Texas median), the median home value is $232,300, the median rent is $1,581/month.
Tom Bean is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Tom Bean at a glance
- Population
- 799
- Median age
- 47.1State: 35.6
- Median household income
- $88,824State: $78,476
- Median home value
- $232,300State: $283,800
- Median rent
- $1,581/moState: $1,403
- Homeowners
- 68.5%
- Bachelor's degree or higher
- 10.3%
- Average commute
- 27 min
Is Tom Bean a good place to live?
Pros: Median household income 13% higher than the Texas median; home values 18% lower than the state median; unemployment of 2.4%; a poverty rate of 2.6%.
Cons: An average commute of 27 minutes.
The weather is best in April–May and September–October.
Cost of living in Tom Bean
Housing is the biggest part of the cost of living. In Tom Bean the median home value is $232,300, 30% lower than the U.S. median. Renters pay a median of $1,581 per month, which is 24.9% of household income. Homeowners with a mortgage pay $1,767 a month in housing costs.
Tom Bean median household income
The median household income in Tom Bean is $88,824 and the income per person is $38,430. 2.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Tom Bean: homes for sale and rent
- Housing units
- 323
- Owner-occupied
- 68.5%
- Renter-occupied
- 31.5%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.65
Tom Bean demographics
- Population
- 799
- Median age
- 47.1
- Under 18
- 18%
- 65 and older
- 21.4%
- Households
- 302
- Foreign-born
- 1.4%
- Veterans
- 13.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Tom Bean ›
Education in Tom Bean
10.3% of adults 25 and older in Tom Bean have a bachelor's degree or higher (Texas: 33.8%), and 3.2% have a graduate or professional degree.
Jobs and commute in Tom Bean
- Unemployment rate
- 2.4%State: 5.3%
- Average commute
- 27 minState: 27 min
- Work from home
- 12.8%
- Drive alone
- 60.5%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 90.1%
Tom Bean vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tom Bean | 799 | $88,824 | $232,300 | $1,581 |
| Whitewright | 1,659 | $57,692 | $242,000 | $743 |
| Howe | 3,689 | $51,108 | $201,300 | $1,217 |
| Bells | 2,497 | $92,075 | $232,400 | $981 |
| Savoy | 1,010 | $60,875 | $155,500 | $1,052 |
| Van Alstyne | 5,952 | $102,469 | $342,700 | $1,345 |
| Trenton | 653 | $53,929 | $164,000 | $1,286 |
| Sherman | 46,397 | $58,859 | $243,500 | $1,324 |
| Anna | 24,330 | $105,593 | $351,700 | $2,105 |
More for people moving to Tom Bean
Tom Bean ZIP code ›Weather and climate ›Living in Tom Bean: FAQ
What is the median household income in Tom Bean, TX?
The median household income in Tom Bean is $88,824, 13% 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 Tom Bean?
The median home value in Tom Bean is $232,300, compared with $283,800 in Texas.
How much is rent in Tom Bean?
The median gross rent in Tom Bean is $1,581 per month, about 24.9% of household income.
Is Tom Bean, TX a good place to live?
Pluses: median household income 13% higher than the Texas median; home values 18% lower than the state median; unemployment of 2.4%; a poverty rate of 2.6%. Minuses: an average commute of 27 minutes.
What is the median age in Tom Bean?
The median age in Tom Bean is 47.1 years (Texas: 35.6).
How long is the commute in Tom Bean?
The average commute to work in Tom Bean is 27 minutes; 12.8% of workers work from home.
What is the unemployment rate in Tom Bean?
The unemployment rate in Tom Bean is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tom Bean?
10.3% of adults in Tom Bean 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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