Tom Bean, TX
Population 688 · Texas
About Tom Bean, TX
Tom Bean is a small community located in Texas with a population of 688 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,432 per year, which is 6% above the national median of $75,149. The median age of 48.9 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 Tom Bean features a median home value of $227,600, which is 7% below the national median of $244,900. This positions Tom Bean in a moderately priced market relative to the rest of the country. Median monthly rent is $1,161, 0% below the national average of $1,163/month. Of the 319 total housing units, 64% are owner-occupied (186 units) and 36% are renter-occupied (103 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Tom Bean shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 5.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Tom Bean have an average one-way commute time of 32.9 minutes.
Education & Demographics
12.3% of Tom Bean residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.0% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Tom Bean, TX
Compared to national averages, Tom Bean has a median household income of $79,432 (6% above the national median of $75,149). Home values average $227,600, which is 7% below the national median. Monthly rent at $1,161 is 0% below the US average of $1,163. Within Texas, Tom Bean's income is 9% above the state average of $72,726, and home values are 7% above the state median of $211,769.
Why Live in Tom Bean, TX?
Tom Bean offers a strong local economy with a median household income of $79,432, well above the national average, and affordable housing with a median home value of $227,600, below the US average of $244,900, and rent that’s lower than the national average at $1,161/month. Additionally, the city features a low poverty rate of 5.7%, better than the national average.
Tom Bean has a population of 688 with a median age of 48.9 years. Compare Tom Bean with other cities to see how it stacks up, or explore all cities in Texas.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Tom Bean
What is the population of Tom Bean, TX?
The population of Tom Bean, TX is 688 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Tom Bean?
The median household income in Tom Bean, TX is $79,432 per year, which is 6% above the national median of $75,149.
What is the median home value in Tom Bean?
The median home value in Tom Bean, TX is $227,600, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tom Bean?
The median monthly rent in Tom Bean, TX is $1,161, which is 0% below the national average of $1,163/month.
What is the unemployment rate in Tom Bean?
The unemployment rate in Tom Bean, TX is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tom Bean, TX a good place to live?
Tom Bean offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 688 and a median age of 48.9, the city appeals to established professionals and retirees.
How educated is Tom Bean, TX?
12.3% of residents in Tom Bean aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Tom Bean?
Key cost-of-living indicators for Tom Bean, TX: median home value is $227,600 (7% below national), median rent is $1,161/month, and median household income is $79,432. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tom Bean?
The poverty rate in Tom Bean, TX is 5.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Tom Bean, TX?
Tom Bean's population is 10.0% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 2.6% two or more races. 1.3% of residents are foreign-born.