Panhandle, TX
Population 2,613 · Texas
About Panhandle, TX
Panhandle is a small town located in Texas with a population of 2,613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,354 per year, which is 15% above the national median of $75,149. The median age of 46.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Panhandle features a median home value of $151,800, which is 38% below the national median of $244,900. This positions Panhandle in a moderately priced market relative to the rest of the country. Median monthly rent is $981, 16% below the national average of $1,163/month. Of the 1,229 total housing units, 73% are owner-occupied (834 units) and 27% are renter-occupied (301 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Panhandle shows an unemployment rate of 0.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Panhandle have an average one-way commute time of 21.4 minutes.
Education & Demographics
35.3% of Panhandle residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.9% White, 4.2% Hispanic or Latino, 0.0% Black or African American, and 3.4% Asian residents, with 3.9% of the population being foreign-born.
How Panhandle Ranks in Texas
Cost of Living in Panhandle, TX
Compared to national averages, Panhandle has a median household income of $86,354 (15% above the national median of $75,149). Home values average $151,800, which is 38% below the national median. Monthly rent at $981 is 16% below the US average of $1,163. Within Texas, Panhandle's income is 19% above the state average of $72,726, and home values are 28% below the state median of $211,769.
Why Live in Panhandle, TX?
Panhandle offers a strong local economy with a median household income of $86,354, well above the national average, and affordable housing with a median home value of $151,800, below the US average of $244,900, and rent that’s lower than the national average at $981/month. Additionally, the city features a strong job market with an unemployment rate of just 0.2%, and a well-educated community where 35.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 21.4 minutes.
Panhandle has a population of 2,613 with a median age of 46.9 years. Compare Panhandle with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Panhandle
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Floydada | 2,618 | $45,848 | $83,400 | Compare |
| Westworth Village | 2,618 | $90,750 | $330,000 | Compare |
| Seymour | 2,607 | $38,984 | $90,000 | Compare |
| Pottsboro | 2,624 | $75,909 | $246,300 | Compare |
| Troy | 2,628 | $81,193 | $188,200 | Compare |
| Briarcliff | 2,630 | $129,524 | $477,400 | Compare |
| Merkel | 2,630 | $62,368 | $99,000 | Compare |
| Palmhurst | 2,595 | $82,629 | $266,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Panhandle With Other Cities
Frequently Asked Questions about Panhandle
What is the population of Panhandle, TX?
The population of Panhandle, TX is 2,613 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Panhandle?
The median household income in Panhandle, TX is $86,354 per year, which is 15% above the national median of $75,149.
What is the median home value in Panhandle?
The median home value in Panhandle, TX is $151,800, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Panhandle?
The median monthly rent in Panhandle, TX is $981, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Panhandle?
The unemployment rate in Panhandle, TX is 0.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Panhandle, TX a good place to live?
Panhandle offers above-average incomes, affordable housing, and a strong job market. With a population of 2,613 and a median age of 46.9, the city appeals to established professionals and retirees.
How educated is Panhandle, TX?
35.3% of residents in Panhandle aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Panhandle?
Key cost-of-living indicators for Panhandle, TX: median home value is $151,800 (38% below national), median rent is $981/month, and median household income is $86,354. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Panhandle?
The poverty rate in Panhandle, TX is 6.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Panhandle, TX?
Panhandle's population is 6.9% White, 4.2% Hispanic or Latino, 0.0% Black or African American, 3.4% Asian, and 1.1% two or more races. 3.9% of residents are foreign-born.