Cost of living in Hutchins 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 Hutchins 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 Hutchins is 91, with 100 being the average.
The cost of living index in Hutchins is 0.9x lower than the national average.
Hutchins ranks as the #226 cheapest in Texas out of 405.
Hutchins ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Hutchins is $80,700.
The median income in Hutchins is $40,129.
According to the most recent data on the cost of living, Hutchins has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Texas, Hutchins has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Hutchins ranks as #226 most affordable out of the 405 places we measured in Texas. By definition, that implies Hutchins ranks as the #179 most expensive place in the Lone Star State.
For more reading on life in Hutchins, check out:
Six factors go into calculating the cost of living index in Hutchins. Here is how it fairs on each of the criteria:
The Services index in Hutchins is 107.
The Groceries index in Hutchins is 101.
The Health index in Hutchins is 112.
The Housing index in Hutchins is 52.
The Transportation index in Hutchins is 94.
The Utilities index in Hutchins is 108.
|Living Expense||Hutchins||Texas||National Average|
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 Hutchins is $80,700.
The Median Rent in Hutchins is $1,312.
The Median Income in Hutchins is $40,129.
The Home Value To Income in Hutchins is 2.0x.
The Rent To Monthly Income in Hutchins is 0.39x.
|Median Home Value||$80,700||$202,600||$244,900|
|Home Value To Income||2.0x||3.0x||3.5x|
|Rent To Monthly Income||0.39x||0.2x||0.2x|
The cost of living varies in the cities and towns around Hutchins. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 96, 1.1x Hutchins.
Garland, TX has a cost of living index of 97, 1.1x Hutchins.
Grand Prairie, TX has a cost of living index of 99, 1.1x Hutchins.
|City||Population||Cost Of Living||Vs. Hutchins|
|Grand Prairie, TX||195,992||99||1.1x|
|Cedar Hill, TX||48,968||103||1.1x|