What is the cost of living in Hereford, TX?
According to the most recent data on the cost of living, Hereford has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Texas, Hereford has a cost of living index that's 0.9x lower than Texas's index of 93.
The standard of living in Hereford ranks as #45 most affordable out of the 419 places we measured in Texas. By definition, that implies Hereford ranks as the #374 most expensive place in the Lone Star State.
For more reading on life in Hereford, check out:
Hereford Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Hereford. Here is how it fares on each of the criteria:
The Services index in Hereford is 98.
The Groceries index in Hereford is 99.
The Health index in Hereford is 58.
The Housing index in Hereford is 98.
The Transportation index in Hereford is 106.
The Utilities index in Hereford is 100.
| Living Expense | Hereford | Texas | National Average |
|---|---|---|---|
| Overall | 86 | 93 | 100 |
| Services | 98 | 100 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 58 | 81 | 100 |
| Housing | 98 | 97 | 100 |
| Transportation | 106 | 103 | 100 |
| Utilities | 100 | 100 | 100 |
Hereford Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Hereford Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hereford, TX Housing Cost Breakdown
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 2020-2024. The key points are:
The Median Home Value in Hereford is $172,976.
The Median Rent in Hereford is $953.
The Median Income in Hereford is $56,868.
The Home Value To Income in Hereford is 3.0x.
The Rent To Monthly Income in Hereford is 0.2x.
Hereford, TX Costs By Category
Detailed Hereford Services costs vs. Texas
Detailed Hereford Groceries costs vs. Texas
Detailed Hereford Health costs vs. Texas
Detailed Hereford Transportation costs vs. Texas
Hereford SnackAbility
Cost Of Living In Cities Around Hereford
The cost of living varies in the cities and towns around Hereford. Here's a quick look at the cost of living in the most populous nearby places:
Amarillo, TX has a cost of living index of 93, 1.1x Hereford.
Canyon, TX has a cost of living index of 96, 1.1x Hereford.
| City | Population | Cost Of Living | Vs. Hereford |
|---|---|---|---|
| Amarillo, TX | 201,885 | 93 | 1.1x |
| Canyon, TX | 15,723 | 96 | 1.1x |
