1st Advantage MortgageThe median Lipscomb County household earns $72,560, and 11% of residents live below the poverty line. Your income, debts and credit decide what you qualify for. Get offers in writing, compare the total repaid, and never pay a fee up front.
On this page
- A quick profile of Lipscomb County
- Work, industries and travel time in Lipscomb County
- Income in Lipscomb County compared with Texas
- Renting and owning in Lipscomb County
- Lipscomb County towns compared
- How Lipscomb County compares with nearby counties
- A Lipscomb County household budget, worked through
- Borrowing situations common in Lipscomb County
- Who lives in Lipscomb County, in numbers
- Checklist for Lipscomb County applicants
- Lender oversight for Lipscomb County
- Related local guides
- Frequently asked questions
A quick profile of Lipscomb County
Roughly 2,918 residents live in Lipscomb County, Texas, 223rd by population among the state's 254 counties and county equivalents. Spread over 932 square miles, that works out to roughly 3.1 residents per square mile. No metropolitan area includes Lipscomb County in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Booker is the biggest of its 5 Census places, at roughly 1,311 people (45% of the county total). Because Lipscomb County is small, the survey's margins of error are wide; treat the numbers as approximate.
Work, industries and travel time in Lipscomb County
Education and health care employs 26% of working residents, the largest share; agriculture, forestry and mining is next with 20%. Compared with Texas, the county leans toward agriculture, forestry and mining (20% against 2%). The survey's unemployment rate for Lipscomb County averages 6.5% over 2020 to 2024 (state: 5.3%). 10% of commuters travel 45 minutes or more each way, and 2% work from home. 2.1% of households have no vehicle.
| Top industries | Lipscomb County share | +/- vs Texas |
|---|---|---|
| Education and health care | 26.2% | +4.6 pts |
| Agriculture, forestry and mining | 19.6% | +17.3 pts |
| Transportation, warehousing and utilities | 14.2% | +7.5 pts |
| Professional and administrative services | 6.9% | -5.9 pts |
| Public administration | 6.8% | +2.7 pts |
| Manufacturing | 6.5% | -2.0 pts |
If your hours swing with the season or with overtime, size a loan payment against your base pay, not your best month.
Income in Lipscomb County compared with Texas
Lipscomb County households have a median income of $72,560 (ACS 2020 to 2024), which ranks 63rd of 254 in Texas.
| Band | Lipscomb County | Compared with Texas |
|---|---|---|
| Under $35,000 | 22.7% | +1.3 pts |
| $35,000 to $99,999 | 44.6% | +5.2 pts |
| $100,000 to $199,999 | 24.9% | -1.9 pts |
| $200,000 or more | 7.8% | -4.7 pts |
About 23% of households earn under $35,000, while 33% clear $100,000. 11.5% of residents fall below the federal poverty line (statewide: 13.8%). For a borrower in Lipscomb County, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
Renting and owning in Lipscomb County
Renters in Lipscomb County pay a median of $876 a month, 38% below the Texas figure of $1,403. 23% of renting households spend 30% or more of income on rent, and 10% spend half or more. The median owner-occupied home is valued at $124,300, about 1.7 times the median household income. The ownership rate is 82%. The median home was built in 1973, so roofs, wiring and heating systems are a common source of repair bills.
| Cost | Lipscomb County | Texas figure | Median county, U.S. |
|---|---|---|---|
| Median gross rent | $876/mo | $1,403/mo | $877/mo |
| Median home value | $124,300 | $283,800 | $185,300 |
| Owners | 82% | 63% | 75% |
| Rent-burdened renters | 23% | 52% | 45% |
| Burdened owners | 24% | 29% | n/a |
| Mobile homes | 9.8% | 6.4% | n/a |
| Vacant units | 28% | 9% | n/a |
Because most Lipscomb County households own, home repairs are a frequent reason to borrow. An unsecured personal loan leaves the house out of the deal, while a HELOC uses it as collateral.
Lipscomb County towns compared
The table lists the 5 largest of 5 Census places in Lipscomb County, by population. Together all 5 hold about 2,429 people, so roughly 17% of residents live outside any named place. Live in one of these Lipscomb County communities, or between them? This is your local guide.
| Place in county | Status | Population (ACS) | Median HH income | Monthly rent | Distance from center |
|---|---|---|---|---|---|
| Booker | town | 1,311 | $69,464 | $946 | 19 mi |
| Higgins | city | 462 | $56,477 | n/a | 18 mi |
| Follett | city | 305 | $88,438 | n/a | 13 mi |
| Darrouzett | town | 270 | $67,500 | $585 | 12 mi |
| Lipscomb | CDP | 81 | n/a | n/a | 4 mi |
How Lipscomb County compares with nearby counties
The six counties whose centers lie closest to Lipscomb County's, from 29 to 49 miles away. Income ranges from $61,016 in Ellis County to $70,183 in Ochiltree County; none of these neighbors top Lipscomb County's median. Some neighbors are in Oklahoma. Lender licensing is state by state, so a loan for a Lipscomb County resident follows Texas rules.
| Adjacent area | How far | HH income (median) | Rent (median) | Owner share |
|---|---|---|---|---|
| Lipscomb County | - | $72,560 | $876/mo | 82% |
| Ellis County, OK | 29 mi | $61,016 | $815/mo | 82% |
| Ochiltree County, TX | 30 mi | $70,183 | $891/mo | 73% |
| Hemphill County, TX | 32 mi | $61,563 | $836/mo | 71% |
| Beaver County, OK | 34 mi | $64,276 | $790/mo | 81% |
| Roberts County, TX | 44 mi | $67,868 | $859/mo | 85% |
| Harper County, OK | 49 mi | $64,053 | $828/mo | 84% |
A Lipscomb County household budget, worked through
How much room does a median Lipscomb County budget have? Take median income, subtract median rent, and check what is left under a few common debt-to-income limits.
- Start: $6,047 gross per month ($72,560 / 12)
- Rent at the median, $876, takes 14% of that
- At 40%, room after rent is $1,543 a month
Subtract what you already pay on other debts. A new payment should fit in what remains, with some to spare.
Borrowing situations common in Lipscomb County
Where the Lipscomb County numbers stand out, and why it matters for a loan:
- Medical bills. 18% of Lipscomb County residents are uninsured. Before borrowing for care, ask the provider about financial assistance and payment plans.
- Requirements. Lenders weigh credit history, documented income and existing debt (what to gather).
- Combining balances. It helps when total cost falls and the cards stay paid down (consolidation).
Who lives in Lipscomb County, in numbers
College graduates make up 22% of the adult population. The uninsured rate is 18.1%, against 17.1% for Texas.
| Measure | Lipscomb County | Texas statewide | Typical U.S. county |
|---|---|---|---|
| Median age | 36.3 | 35.6 | 41.5 |
| Bachelor's or higher | 22.4% | 33.8% | 22.2% |
| No high school diploma | 15.7% | 14.0% | n/a |
| No health insurance | 18.1% | 17.1% | 7.8% |
| No vehicle | 2.1% | 5.4% | 5.4% |
| Work from home | 2.1% | 14.4% | 8.7% |
| Poverty rate | 11.5% | 13.8% | 13.2% |
| Unemployment (ACS) | 6.5% | 5.3% | 4.4% |
| Commute length | Lipscomb County |
|---|---|
| Under 15 min | 47.1% |
| 15 to 29 min | 29.9% |
| 30 to 44 min | 12.8% |
| 45 to 59 min | 3.8% |
| 60+ min | 6.3% |
Checklist for Lipscomb County applicants
Steps that save money for Lipscomb County residents:
- Borrow the amount the job needs; extra cash adds interest.
- Collect three written offers and compare APR and total repaid.
- Confirm the lender is licensed in Texas.
- Lock paid-off cards after consolidating so balances stay at zero.
Lender oversight for Lipscomb County
No county office licenses personal lenders. For Lipscomb County, check the Texas Department of Banking. Consumer lending in Texas is also overseen by the Office of Consumer Credit Commissioner. The Consumer Financial Protection Bureau accepts complaints nationwide. Statewide data and rules: Texas guide.
Related local guides
The Texas guide covers the whole state.
Frequently asked questions
What is the median household income in Lipscomb County?
$72,560 a year in the 2020 to 2024 Census survey, versus $78,476 for Texas. It ranks 63rd of 254 in the state.
What do renters pay in Lipscomb County?
$876 a month at the median, about 14% of median household income.
Does this page cover Booker?
Yes, along with the other 4 Census places in Lipscomb County, such as Higgins, Follett, Darrouzett.
Is the fit check different in Lipscomb County?
No. It is identical everywhere, and it never looks at your neighborhood.
Who do I complain to about a lender in Lipscomb County?
Start with the Texas Department of Banking, then the CFPB complaint portal. Keep copies of every message.