Cost of living in Kaufman 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 Kaufman 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 Kaufman is 95, with 100 being the average.
The cost of living index in Kaufman is 0.9x lower than the national average.
Kaufman ranks as the #190 cheapest in Texas out of 414.
Kaufman ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Kaufman is $286,759.
The median income in Kaufman is $58,269.
According to the most recent data on the cost of living, Kaufman has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Texas, Kaufman has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Kaufman ranks as #190 most affordable out of the 414 places we measured in Texas. By definition, that implies Kaufman ranks as the #224 most expensive place in the Lone Star State.
For more reading on life in Kaufman, check out:
Six factors go into calculating the cost of living index in Kaufman. Here is how it fairs on each of the criteria:
The Services index in Kaufman is 108.
The Groceries index in Kaufman is 101.
The Health index in Kaufman is 109.
The Housing index in Kaufman is 73.
The Transportation index in Kaufman is 87.
The Utilities index in Kaufman is 109.
| Living Expense | Kaufman | Texas | National Average | |
|---|---|---|---|---|
| Overall | 95 | 92 | 100 | |
| Services | 108 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 109 | 93 | 100 | |
| Housing | 73 | 82 | 100 | |
| Transportation | 87 | 94 | 100 | |
| Utilities | 109 | 104 | 100 | |
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 Kaufman is $286,759.
The Median Rent in Kaufman is $1,319.
The Median Income in Kaufman is $58,269.
The Home Value To Income in Kaufman is 4.9x.
The Rent To Monthly Income in Kaufman is 0.27x.
The cost of living varies in the cities and towns around Kaufman. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 129, 1.4x Kaufman.
Frisco, TX has a cost of living index of 139, 1.5x Kaufman.
McKinney, TX has a cost of living index of 130, 1.4x Kaufman.
| City | Population | Cost Of Living | Vs. Kaufman |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.4x |
| Frisco, TX | 210,238 | 139 | 1.5x |
| McKinney, TX | 202,314 | 130 | 1.4x |
| Carrollton, TX | 132,741 | 120 | 1.3x |
| Richardson, TX | 118,269 | 123 | 1.3x |
| Allen, TX | 107,684 | 129 | 1.4x |
| The Colony, TX | 44,916 | 120 | 1.3x |
| Coppell, TX | 42,029 | 135 | 1.4x |
| University Park, TX | 25,104 | 248 | 2.6x |
| Murphy, TX | 21,001 | 143 | 1.5x |