Living in Tool, Texas
Cost of living, income, home prices, rent and demographics of Tool · Census data 2020–2024
Tool has 2,367 residents with a median age of 49.6. The median household income is $71,333 (9% lower than the Texas median), the median home value is $213,300, the median rent is $1,386/month.
Tool at a glance
- Population
- 2,367
- Median age
- 49.6State: 35.6
- Median household income
- $71,333State: $78,476
- Median home value
- $213,300State: $283,800
- Median rent
- $1,386/moState: $1,403
- Homeowners
- 81.1%
- Bachelor's degree or higher
- 26.8%
- Average commute
- 47 min
Is Tool a good place to live?
Pros: Home values 25% lower than the state median.
Cons: Median household income 9% lower than the Texas median; an average commute of 47 minutes; unemployment of 7.1%; a poverty rate of 17.3%.
The weather is best in April–May and October–November.
Cost of living in Tool
Housing is the biggest part of the cost of living. In Tool the median home value is $213,300, 36% lower than the U.S. median. Renters pay a median of $1,386 per month, which is 48% of household income. Homeowners with a mortgage pay $1,660 a month in housing costs.
Tool median household income
The median household income in Tool is $71,333 and the income per person is $43,181. 17.3% of residents live below the poverty line (Texas: 13.8%).
Housing in Tool: homes for sale and rent
- Housing units
- 1,572
- Owner-occupied
- 81.1%
- Renter-occupied
- 18.9%
- Vacant
- 31.9%Includes seasonal homes
- Median year built
- 1983
- Average household size
- 2.21
31.9% of homes are vacant most of the year, a sign that Tool has many vacation and second homes.
Tool demographics
- Population
- 2,367
- Median age
- 49.6
- Under 18
- 16.7%
- 65 and older
- 22.9%
- Households
- 1,070
- Foreign-born
- 4.6%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Tool ›
Education in Tool
26.8% of adults 25 and older in Tool have a bachelor's degree or higher (Texas: 33.8%), and 6.2% have a graduate or professional degree.
Jobs and commute in Tool
- Unemployment rate
- 7.1%State: 5.3%
- Average commute
- 47 minState: 27 min
- Work from home
- 11.3%
- Drive alone
- 74.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89.8%
Tool vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Tool | 2,367 | $71,333 | $213,300 | $1,386 |
| Seven Points | 1,167 | $39,934 | $91,100 | $1,079 |
| Enchanted Oaks | 269 | $79,250 | $415,200 | $1,292 |
| Gun Barrel City | 6,570 | $71,310 | $237,300 | $960 |
| Payne Springs | 1,201 | $63,145 | $233,200 | $1,158 |
| Mabank | 5,187 | $54,889 | $254,900 | $994 |
| Star Harbor | 470 | $107,083 | $342,500 | — |
| Trinidad | 806 | $50,333 | $146,900 | $727 |
| Caney City | 192 | $73,125 | — | — |
More for people moving to Tool
Tool ZIP code ›Weather and climate ›Living in Tool: FAQ
What is the median household income in Tool, TX?
The median household income in Tool is $71,333, 9% 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 Tool?
The median home value in Tool is $213,300, compared with $283,800 in Texas.
How much is rent in Tool?
The median gross rent in Tool is $1,386 per month, about 48% of household income.
Is Tool, TX a good place to live?
Pluses: home values 25% lower than the state median. Minuses: median household income 9% lower than the Texas median; an average commute of 47 minutes; unemployment of 7.1%; a poverty rate of 17.3%.
What is the median age in Tool?
The median age in Tool is 49.6 years (Texas: 35.6).
How long is the commute in Tool?
The average commute to work in Tool is 47 minutes; 11.3% of workers work from home.
What is the unemployment rate in Tool?
The unemployment rate in Tool is 7.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Tool?
26.8% of adults in Tool 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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