Cost of living in Burkburnett 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 Burkburnett 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 Burkburnett is 84, with 100 being the average.
The cost of living index in Burkburnett is 0.8x lower than the national average.
Burkburnett ranks as the #116 cheapest in Texas out of 405.
Burkburnett ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Burkburnett is $113,100.
The median income in Burkburnett is $54,040.
According to the most recent data on the cost of living, Burkburnett has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Texas, Burkburnett has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Burkburnett ranks as #116 most affordable out of the 405 places we measured in Texas. By definition, that implies Burkburnett ranks as the #289 most expensive place in the Lone Star State.
For more reading on life in Burkburnett, check out:
Six factors go into calculating the cost of living index in Burkburnett. Here is how it fairs on each of the criteria:
The Services index in Burkburnett is 90.
The Groceries index in Burkburnett is 89.
The Health index in Burkburnett is 96.
The Housing index in Burkburnett is 64.
The Transportation index in Burkburnett is 86.
The Utilities index in Burkburnett is 110.
|Living Expense||Burkburnett||Texas||National Average|
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 2017-2021. The key points are:
The Median Home Value in Burkburnett is $113,100.
The Median Rent in Burkburnett is $815.
The Median Income in Burkburnett is $54,040.
The Home Value To Income in Burkburnett is 2.1x.
The Rent To Monthly Income in Burkburnett is 0.18x.
|Median Home Value||$113,100||$202,600||$244,900|
|Home Value To Income||2.1x||3.0x||3.5x|
|Rent To Monthly Income||0.18x||0.2x||0.2x|
The cost of living varies in the cities and towns around Burkburnett. Here's a quick look at the cost of living in the most populous nearby places:
Wichita Falls, TX has a cost of living index of 83, 1.0x Burkburnett.
Lawton, OK has a cost of living index of 88, 1.0x Burkburnett.
Duncan, OK has a cost of living index of 86, 1.0x Burkburnett.