Mortgage Affordability Calculator for Amarillo, TX
Updated 2026 · Local data pre-filled
In Amarillo, the median household income is $56,400 per year, while the median home costs $185,000. The price-to-income ratio is 3.3x — relatively affordable for local buyers. Use this calculator to determine what you can comfortably afford based on your income.
✓ Calculator below is pre-filled with Amarillo local data
How Amarillo Compares to the National Average
Understanding how Amarillo stacks up helps you calibrate your financial planning.
| Metric | Amarillo, TX | US Average | Difference |
|---|---|---|---|
| Median Home Price | $185,000 | $420,800 | -56.0% |
| Median Monthly Rent | $850 | $1,713 | -50.4% |
| Median Household Income | $56,400 | $74,580 | -24.4% |
| Property Tax Rate | 1.80% | 1.10% | +63.6% |
| Cost of Living Index | 87 | 100 | -13.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Amarillo Financial Snapshot
- Population (Metro)
- 310,000
- Unemployment
- 3.4%
- Avg Commute
- 18 min
- Median Age
- 33.8
- Price-to-Rent Ratio
- 18.1x
- Annual Property Tax
- $3,330
Mortgage Affordability Calculator in Other Texas Cities
Frequently Asked Questions — Amarillo
What is the median home price in Amarillo, TX?
The median home price in Amarillo is $185,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Amarillo?
Median monthly rent in Amarillo is $850. That works out to $10,200/year, or 18% of the median household income — within the commonly recommended 30% of income guideline.
Is Amarillo affordable?
Amarillo's cost of living index is 87 vs. the national average of 100. With a median household income of $56,400/year and a median home price of $185,000, the price-to-income ratio is 3.3x. Amarillo remains relatively affordable compared to many US metros.
What is the property tax rate in Amarillo?
The effective property tax rate in Amarillo is 1.80% of assessed value. On the median home of $185,000, that's roughly $3,330/year ($277/month).