According to the most recent data on the cost of living, Childress has an overall cost of living index of 80 which is 0.8x lower than the national index of 100.
Compared to only Texas, Childress has a cost of living index that's 0.9x lower than Texas's index of 91.
The standard of living in Childress ranks as #226 most affordable out of the 6,522 places we measured in Texas. By definition, that implies Childress ranks as the #6,180 most expensive place in the Lone Star State.
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Housing swings affordability the most between places in Texas, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.