Cost of living in Brady research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Brady is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Brady is 83, with 100 being the average.
The cost of living index in Brady is 0.8x lower than the national average.
Brady ranks as the #50 cheapest in Texas out of 414.
Brady ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Brady is $110,749.
The median income in Brady is $44,163.
According to the most recent data on the cost of living, Brady has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Brady has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Brady ranks as #50 most affordable out of the 414 places we measured in Texas. By definition, that implies Brady ranks as the #364 most expensive place in the Lone Star State.
For more reading on life in Brady, check out:
Six factors go into calculating the cost of living index in Brady. Here is how it fairs on each of the criteria:
The Services index in Brady is 93.
The Groceries index in Brady is 94.
The Health index in Brady is 93.
The Housing index in Brady is 56.
The Transportation index in Brady is 96.
The Utilities index in Brady is 105.
| Living Expense | Brady | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 93 | 97 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 93 | 93 | 100 | |
| Housing | 56 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 105 | 104 | 100 | |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Brady is $110,749.
The Median Rent in Brady is $836.
The Median Income in Brady is $44,163.
The Home Value To Income in Brady is 2.5x.
The Rent To Monthly Income in Brady is 0.23x.
The cost of living varies in the cities and towns around Brady. Here's a quick look at the cost of living in the most populous nearby places:
Brownwood, TX has a cost of living index of 86, 1.0x Brady.
| City | Population | Cost Of Living | Vs. Brady |
|---|---|---|---|
| Brownwood, TX | 18,805 | 86 | 1.0x |