Homestead Meadows South, TX Cost Of Living
Cost Of Living In Homestead Meadows South, TX Summary
Cost of living in Homestead Meadows South 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 South 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 South is 82, with 100 being the average.
The cost of living index in Homestead Meadows South is 0.8x lower than the national average.
Homestead Meadows South ranks as the #40 cheapest in Texas out of 414.
Homestead Meadows South ranks as the #221 cheapest out of 6,489 in the US.
The median home value in Homestead Meadows South is $155,077.
The median income in Homestead Meadows South is $60,571.
Table Of Contents
Homestead Meadows South's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Homestead Meadows South, TX?
According to the most recent data on the cost of living, Homestead Meadows South has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Texas, Homestead Meadows South has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Homestead Meadows South ranks as #40 most affordable out of the 414 places we measured in Texas. By definition, that implies Homestead Meadows South ranks as the #374 most expensive place in the Lone Star State.
For more reading on life in Homestead Meadows South, check out:
In Texas
In America
Homestead Meadows South Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Homestead Meadows South. Here is how it fairs on each of the criteria:
The Services index in Homestead Meadows South is 95.
The Groceries index in Homestead Meadows South is 95.
The Health index in Homestead Meadows South is 87.
The Housing index in Homestead Meadows South is 49.
The Transportation index in Homestead Meadows South is 104.
The Utilities index in Homestead Meadows South is 89.
| Living Expense | Homestead Meadows South | Texas | National Average | |
|---|---|---|---|---|
| Overall | 82 | 92 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 87 | 93 | 100 | |
| Housing | 49 | 82 | 100 | |
| Transportation | 104 | 94 | 100 | |
| Utilities | 89 | 104 | 100 | |
Homestead Meadows South, 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 2019-2023. The key points are:
The Median Home Value in Homestead Meadows South is $155,077.
The Median Rent in Homestead Meadows South is $762.
The Median Income in Homestead Meadows South is $60,571.
The Home Value To Income in Homestead Meadows South is 2.6x.
The Rent To Monthly Income in Homestead Meadows South is 0.15x.
| Statistic | Homestead Meadows South | Texas | United States |
|---|---|---|---|
| Median Home Value | $155,077 | $298,905 | $303,400 |
| Median Rent | $762 | $1,339 | $1,348 |
| Median Income | $60,571 | $76,292 | $78,538 |
| Home Value To Income | 2.6x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Homestead Meadows South, TX Costs By Category
Detailed Homestead Meadows South Services Costs Vs. Texas
| Item | Homestead Meadows South | Texas |
|---|---|---|
| Shampoo | $1.21 | $1.28 |
| Movie | $9.5 | $12.13 |
| Bowling | $11.67 | $18 |
| Haircut | $18.67 | $24.26 |
| Beauty Salon | $38.94 | $45.56 |
Detailed Homestead Meadows South Groceries Costs Vs. Texas
| Item | Homestead Meadows South | Texas |
|---|---|---|
| Ground Beef | $5.68 | $5.84 |
| Fried Chicken | $1.57 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.55 | $4.93 |
| Pizza | $9.66 | $12.09 |
| Beer | $10.31 | $10.41 |
| Toothpaste | $3.64 | $3.7 |
Detailed Homestead Meadows South Health Costs Vs. Texas
| Item | Homestead Meadows South | Texas |
|---|---|---|
| Optometrist | $72.61 | $125.68 |
| Doctor | $96.89 | $135.78 |
| Dentist | $90.94 | $113.29 |
Detailed Homestead Meadows South Transportation Costs Vs. Texas
| Item | Homestead Meadows South | Texas |
|---|---|---|
| Gasoline | $2.97 | $3.46 |
| Tire Balancing | $45.89 | $59.92 |
Detailed Homestead Meadows South Utilities Costs Vs. Texas
| Item | Homestead Meadows South | Texas |
|---|---|---|
| All Electricity | $197.18 | $193.99 |
| Phone | $208.71 | $192.25 |
Homestead Meadows South SnackAbility
/10
Cost Of Living In Cities Around Homestead Meadows South
The cost of living varies in the cities and towns around Homestead Meadows South. 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 90, 1.1x Homestead Meadows South.
Socorro, TX has a cost of living index of 85, 1.0x Homestead Meadows South.
Sunland Park, NM has a cost of living index of 86, 1.0x Homestead Meadows South.
| City | Population | Cost Of Living | Vs. Homestead Meadows South |
|---|---|---|---|
| El Paso, TX | 678,147 | 90 | 1.1x |
| Socorro, TX | 36,237 | 85 | 1.0x |
| Sunland Park, NM | 17,085 | 86 | 1.0x |
| Chaparral, NM | 16,642 | 81 | 1.0x |
| Fort Bliss, TX | 12,009 | 111 | 1.4x |
| Anthony, NM | 8,701 | 81 | 1.0x |
| Homestead Meadows North, TX | 5,987 | 87 | 1.1x |
| Santa Teresa, NM | 5,973 | 95 | 1.2x |
