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Texas

Cost of living in Panola County, TX

Estimated monthly cost
$2,610/mo
for a single person, all categories combined

Population 22,624 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $711 27%
Federal tax $511 20%
Healthcare $480 18%
Groceries $334 13%
Transport $320 12%
Energy $199 8%
Water $55 2%
State tax $0 0%

Rent in Panola County

Fair Market Rents by bedroom count.

Studio
$707
per month
1 bedroom
$711
per month
2 bedroom
$933
per month
3 bedroom
$1,192
per month
4 bedroom
$1,376
per month

Source: HUD FMR FY2025

Income and earnings in Panola County

Annual earnings figures from the Census ACS.

Household income
$62,593
per year
Individual earnings
$41,302
per year
Per capita
$35,020
per year

Source: ACS 2019-2023 5-Year.

Home values in Panola County

Average values reported by homeowners.

Average home value
$146,000
Annual property tax
$1,313

Source: ACS 2019-2023 5-Year

Energy costs in Panola County

Estimated monthly electricity and gas costs.

Electricity
$167
per month · 14.5¢/kWh
Natural gas
$32
per month
Annual total
$2,388
per year

Source: EIA

Healthcare in Panola County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
17.9%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Panola County

State and local tax rates for Texas.

No state income tax
Texas does not levy a personal income tax.
State sales tax
6.3%
Combined sales tax
8.2%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Panola County

Commute patterns and estimated costs.

Average commute
28.8 min
Drive alone
84.8%
Public transit
0.1%
Work from home
4.3%

Source: ACS

Monthly cost estimates for Panola County

What it costs to live in Panola County each month.

Single person
$2,610
per month
  • Rent $711
  • Energy $199
  • Water $55
  • Groceries $334
  • Transport $320
  • Healthcare $480
  • Federal tax $511
  • State tax $0
Couple
$3,768
per month
  • Rent $933
  • Energy $239
  • Water $65
  • Groceries $553
  • Transport $420
  • Healthcare $864
  • Federal tax $694
  • State tax $0
Family
$6,169
per month
  • Rent $1,192
  • Energy $298
  • Water $75
  • Groceries $840
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $694
  • State tax $0

Frequently asked questions about Panola County

Common questions about cost of living, rent and salary.

What is the average rent in Panola County?

In Panola County, TX, a one-bedroom apartment averages $711 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,192 per month, according to HUD Fair Market Rent data.

What is the average salary in Panola County?

In Panola County, TX, the average household income is $62,593 per year and individual earnings for full-time workers average $41,302 per year, according to U.S. Census Bureau data.

What is the cost of living in Panola County?

The estimated cost of living in Panola County, TX is approximately $2,610 per month for a single person, $3,768 for a couple, $6,169 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Panola County?

The combined sales tax rate in Panola County, TX is 8.19%, which includes the Texas state rate of 6.25% plus an average local rate of 1.94%.

Is Panola County an affordable place to live?

Based on the data, a single person in Panola County, TX would need approximately $2,610 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $62,593 per year ($5,216 per month). Panola County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Panola County?

The ACA marketplace benchmark premium in Panola County, TX is approximately $480 per month for an individual. Approximately 17.9% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Panola County?

The average home value in Panola County, TX is $146,000, with average annual property taxes of $1,313, according to U.S. Census Bureau data.

How does Panola County compare to other areas?

You can compare Panola County, TX with any other US county using our comparison tool at /compare. Panola County is in Texas.

Other counties in Texas

Browse the full list of counties in Texas, ranked by cost of living.

See all counties in Texas

Compare Panola County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources