Homestead Meadows North, TX Cost Of Living
Cost Of Living In Homestead Meadows North, TX Summary
Cost of living in Homestead Meadows North 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 Homestead Meadows North 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 Homestead Meadows North is 84, with 100 being the average.
The cost of living index in Homestead Meadows North is 0.8x lower than the national average.
Homestead Meadows North ranks as the #116 cheapest in Texas out of 405.
Homestead Meadows North ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Homestead Meadows North is $131,500.
The median income in Homestead Meadows North is $50,114.
Table Of Contents
Homestead Meadows North's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Homestead Meadows North, TX?
According to the most recent data on the cost of living, Homestead Meadows North has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Texas, Homestead Meadows North has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Homestead Meadows North ranks as #116 most affordable out of the 405 places we measured in Texas. By definition, that implies Homestead Meadows North ranks as the #289 most expensive place in the Lone Star State.
For more reading on life in Homestead Meadows North, check out:
- Living In Homestead Meadows North
- Search Homes For Sale In Homestead Meadows North, TX
In Texas
In America
Homestead Meadows North Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Homestead Meadows North. Here is how it fairs on each of the criteria:
The Services index in Homestead Meadows North is 100.
The Groceries index in Homestead Meadows North is 109.
The Health index in Homestead Meadows North is 96.
The Housing index in Homestead Meadows North is 47.
The Transportation index in Homestead Meadows North is 101.
The Utilities index in Homestead Meadows North is 90.
| Living Expense | Homestead Meadows North | Texas | National Average | |
|---|---|---|---|---|
| Overall | 84 | 92 | 100 | |
| Services | 100 | 96 | 100 | |
| Groceries | 109 | 93 | 100 | |
| Health | 96 | 93 | 100 | |
| Housing | 47 | 84 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 90 | 104 | 100 | |
Homestead Meadows North, 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 Homestead Meadows North is $131,500.
The Median Rent in Homestead Meadows North is $740.
The Median Income in Homestead Meadows North is $50,114.
The Home Value To Income in Homestead Meadows North is 2.6x.
The Rent To Monthly Income in Homestead Meadows North is 0.18x.
| Statistic | Homestead Meadows North | Texas | United States |
|---|---|---|---|
| Median Home Value | $131,500 | $202,600 | $244,900 |
| Median Rent | $740 | $1,146 | $1,163 |
| Median Income | $50,114 | $67,321 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Homestead Meadows North, TX Costs By Category
Detailed Homestead Meadows North Services Costs Vs. Texas
| Item | Homestead Meadows North | Texas |
|---|---|---|
| Shampoo | $1.37 | $1.06 |
| Movie | $10.03 | $10.68 |
| Bowling | $14.85 | $14.67 |
| Haircut | $17.06 | $18.62 |
| Beauty Salon | $30.42 | $39.05 |
Detailed Homestead Meadows North Groceries Costs Vs. Texas
| Item | Homestead Meadows North | Texas |
|---|---|---|
| Ground Beef | $4.27 | $4.22 |
| Fried Chicken | $2.02 | $1.39 |
| Milk | $2.67 | $2.05 |
| Potatoes | $4.21 | $3.29 |
| Pizza | $10.27 | $10.62 |
| Beer | $9.96 | $9.38 |
| Toothpaste | $2.2 | $2.34 |
Detailed Homestead Meadows North Health Costs Vs. Texas
| Item | Homestead Meadows North | Texas |
|---|---|---|
| Optometrist | $87.16 | $108.57 |
| Doctor | $133.61 | $116.17 |
| Dentist | $82.94 | $99.13 |
Detailed Homestead Meadows North Transportation Costs Vs. Texas
| Item | Homestead Meadows North | Texas |
|---|---|---|
| Gasoline | $2.15 | $2.22 |
| Tire Balancing | $52.13 | $50.07 |
Detailed Homestead Meadows North Utilities Costs Vs. Texas
| Item | Homestead Meadows North | Texas |
|---|---|---|
| All Electricity | $139.01 | $167.67 |
| Phone | $185.48 | $175.64 |
Homestead Meadows North SnackAbility
/10
Cost Of Living In Cities Around Homestead Meadows North
The cost of living varies in the cities and towns around Homestead Meadows North. Here's a quick look at the cost of living in the most populous nearby places:
El Paso, TX has a cost of living index of 88, 1.0x Homestead Meadows North.
Las Cruces, NM has a cost of living index of 89, 1.1x Homestead Meadows North.
Socorro, TX has a cost of living index of 86, 1.0x Homestead Meadows North.
| City | Population | Cost Of Living | Vs. Homestead Meadows North |
|---|---|---|---|
| El Paso, TX | 676,395 | 88 | 1.0x |
| Las Cruces, NM | 109,934 | 89 | 1.1x |
| Socorro, TX | 34,687 | 86 | 1.0x |
| Sunland Park, NM | 16,488 | 88 | 1.0x |
| Fort Bliss, TX | 14,226 | 110 | 1.3x |
| Chaparral, NM | 14,098 | 85 | 1.0x |
| Anthony, NM | 8,748 | 85 | 1.0x |
| Homestead Meadows South, TX | 7,981 | 83 | 1.0x |
| Santa Teresa, NM | 6,037 | 93 | 1.1x |
