Cost of living in Corsicana, TX
Corsicana is cheap by Texas standards. Median rent is $1,093 a month, 22% lower than the Texas median of $1,403, and the median home is worth $168,900, 40% lower than the Texas median of $283,800.
Cost of living85 of 100. Higher means more affordable.
Overall grade for Corsicana: D+
- Median rent
- $1,093Texas $1,403
- 2-bedroom fair rent
- $1,139HUD FY2027
- Median home value
- $168,900Texas $283,800
- Monthly cost to buy
- $1,089Loan and property tax
- Property tax
- $1,969Median per year
- Income to rent
- $44,000At 30% of pay
Is Corsicana expensive?
Prices only tell half the story. The typical household here earns $57,212, so the median home costs 3.0 times a year of income, against 3.6 times across Texas and 4.1 times across the US. So for people who earn local wages, homes here are easier to afford than in most of Texas.
Our cost of living grade for Corsicana is A- (85 of 100), comparing it with US cities of 10,000 to 50,000 people. A higher grade means more affordable.
| Measure | Here | Texas | US |
|---|---|---|---|
| Median rent22% lower than Texas | $1,093 | $1,403 | $1,413 |
| Median home value40% lower than Texas | $168,900 | $283,800 | $332,700 |
| Home value to income18% lower than Texas | 3.0x | 3.6x | 4.1x |
| Median household income27% lower than Texas | $57,212 | $78,476 | $80,734 |
| Renters paying 30%+ of income on rent8 points lower than Texas | 44% | 52% | 51% |
| Median property tax per year53% lower than Texas | $1,969 | $4,232 | $3,119 |
Rent in Corsicana
HUD's fair market rents for Navarro County, TX run from $821 for a studio to $1,505 for 4 bedrooms. A two-bedroom is $1,139 a month, which takes an income of about $46,000 a year to stay at 30% of pay. HUD figures include utilities and describe a typical, modest unit.
44% of renters in Corsicana already spend 30% or more of their income on rent, against 52% across Texas.
Income you need to rent
| Unit | Rent | Yearly income at 30% |
|---|---|---|
| Studio | $821 | $33,000 |
| 1 bedroom | $951 | $38,000 |
| 2 bedrooms | $1,139 | $46,000 |
| 3 bedrooms | $1,499 | $60,000 |
| 4 bedrooms | $1,505 | $60,000 |
Buying a home in Corsicana
Buying the median $168,900 home with 20% down ($33,780) and a 30-year loan at 7.28% costs about $925 a month for the loan plus $164 a month in property tax, $1,089 in all. Homeowners insurance, HOA dues and upkeep come on top.
That is close to the median rent, so if you plan to stay a few years, buying can cost about the same each month while building equity.
Taxes
Texas has no state income tax, which helps take-home pay. The trade-off is high property tax, set by the county, city, school district and other local bodies.
The median homeowner in Corsicana pays $1,969 a year in property tax, 53% lower than the Texas median of $4,232 and 37% lower than the US median. Sales tax in most of Texas tops out at 8.25%.
Monthly cost to buy a median home
- Mortgage payment
- $925
- Property tax
- $164
- Median rent, for comparison
- $1,093
Based on a $168,900 home in Corsicana, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median paid locally, or the county median where the local figure is not published. Insurance and fees are not included.
Corsicana cost of living compared with nearby cities
Census medians. Cost grade compares each place with US places of its own size.
What these numbers leave out
We only show costs we can source for Corsicana itself: rent, home prices, property tax and incomes from the Census Bureau, fair market rents from HUD, and a mortgage payment at the current Freddie Mac average rate. Groceries, utilities, car insurance and health care are not included, because no public source publishes them city by city in Texas.
Cost of living in Corsicana: common questions
Is Corsicana, TX expensive to live in?
Corsicana is cheap by Texas standards. Median rent is $1,093 a month, 22% lower than the Texas median of $1,403, and the median home is worth $168,900, 40% lower than the Texas median of $283,800. Prices only tell half the story. The typical household here earns $57,212, so the median home costs 3.0 times a year of income, against 3.6 times across Texas and 4.1 times across the US. So for people who earn local wages, homes here are easier to afford than in most of Texas.
How much do you need to earn to live in Corsicana?
To rent a median home at $1,093 a month and keep rent at 30% of income, you need about $44,000 a year. To buy the median home, the monthly cost is about $1,089, which takes around $44,000 a year by the same rule.
What is the average rent in Corsicana?
The median rent across all units is $1,093 a month (Census). HUD's fair market rent is $821 for a studio, $951 for 1 bedroom, $1,139 for 2 bedrooms, $1,499 for 3 bedrooms, $1,505 for 4 bedrooms.
How much is property tax in Corsicana?
The median homeowner in Corsicana pays $1,969 a year in property tax, 53% lower than the Texas median of $4,232 and 37% lower than the US median. Sales tax in most of Texas tops out at 8.25%.
Sources: US Census Bureau 2020-2024 ACS 5-year, HUD Fair Market Rents FY2027, Freddie Mac PMMS (week of 2026-10-01). Updated 2026-10-04.