Hereford, TX Cost Of Living
Cost Of Living In Hereford, TX Summary
Cost of living in Hereford 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 Hereford 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 Hereford is 78, with 100 being the average.
The cost of living index in Hereford is 0.8x lower than the national average.
Hereford ranks as the #37 cheapest in Texas out of 405.
Hereford ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Hereford is $90,100.
The median income in Hereford is $49,070.
Table Of Contents
Hereford's Overall Cost Of Living
Lower Than The National Average
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 78, which is 0.8x lower than the national index of 100.
Compared to Texas, Hereford has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Hereford ranks as #37 most affordable out of the 405 places we measured in Texas. By definition, that implies Hereford ranks as the #368 most expensive place in the Lone Star State.
For more reading on life in Hereford, check out:
- Living In Hereford
- Hereford Crime Report
- Search Homes For Sale In Hereford, TX
In Texas
In America
Hereford Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Hereford. Here is how it fairs on each of the criteria:
The Services index in Hereford is 91.
The Groceries index in Hereford is 94.
The Health index in Hereford is 87.
The Housing index in Hereford is 55.
The Transportation index in Hereford is 81.
The Utilities index in Hereford is 90.
| Living Expense | Hereford | Texas | National Average | |
|---|---|---|---|---|
| Overall | 78 | 92 | 100 | |
| Services | 91 | 96 | 100 | |
| Groceries | 94 | 93 | 100 | |
| Health | 87 | 93 | 100 | |
| Housing | 55 | 84 | 100 | |
| Transportation | 81 | 92 | 100 | |
| Utilities | 90 | 104 | 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 2017-2021. The key points are:
The Median Home Value in Hereford is $90,100.
The Median Rent in Hereford is $748.
The Median Income in Hereford is $49,070.
The Home Value To Income in Hereford is 1.8x.
The Rent To Monthly Income in Hereford is 0.18x.
| Statistic | Hereford | Texas | United States |
|---|---|---|---|
| Median Home Value | $90,100 | $202,600 | $244,900 |
| Median Rent | $748 | $1,146 | $1,163 |
| Median Income | $49,070 | $67,321 | $69,021 |
| Home Value To Income | 1.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
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
Detailed Hereford Utilities Costs Vs. Texas
Hereford SnackAbility
/10
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 82, 1.1x Hereford.
Canyon, TX has a cost of living index of 88, 1.1x Hereford.
| City | Population | Cost Of Living | Vs. Hereford |
|---|---|---|---|
| Amarillo, TX | 200,371 | 82 | 1.1x |
| Canyon, TX | 14,669 | 88 | 1.1x |
