Krum, TX Cost Of Living
Cost Of Living In Krum, TX Summary
Cost of living in Krum 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 Krum 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 Krum is 104, with 100 being the average.
The cost of living index in Krum is 1.0x higher than the national average.
Krum ranks as the #342 cheapest in Texas out of 405.
Krum ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Krum is $208,000.
The median income in Krum is $85,089.
Table Of Contents
Krum's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Krum, TX?
According to the most recent data on the cost of living, Krum has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Texas, Krum has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Krum ranks as #342 most affordable out of the 405 places we measured in Texas. By definition, that implies Krum ranks as the #63 most expensive place in the Lone Star State.
For more reading on life in Krum, check out:
- Living In Krum
- Search Homes For Sale In Krum, TX
In Texas
In America
Krum Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Krum. Here is how it fairs on each of the criteria:
The Services index in Krum is 112.
The Groceries index in Krum is 95.
The Health index in Krum is 78.
The Housing index in Krum is 97.
The Transportation index in Krum is 100.
The Utilities index in Krum is 111.
| Living Expense | Krum | Texas | National Average | |
|---|---|---|---|---|
| Overall | 104 | 92 | 100 | |
| Services | 112 | 96 | 100 | |
| Groceries | 95 | 93 | 100 | |
| Health | 78 | 93 | 100 | |
| Housing | 97 | 84 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 111 | 104 | 100 | |
Krum, 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 Krum is $208,000.
The Median Rent in Krum is $1,298.
The Median Income in Krum is $85,089.
The Home Value To Income in Krum is 2.4x.
The Rent To Monthly Income in Krum is 0.18x.
| Statistic | Krum | Texas | United States |
|---|---|---|---|
| Median Home Value | $208,000 | $202,600 | $244,900 |
| Median Rent | $1,298 | $1,146 | $1,163 |
| Median Income | $85,089 | $67,321 | $69,021 |
| Home Value To Income | 2.4x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Krum, TX Costs By Category
Detailed Krum Services Costs Vs. Texas
Detailed Krum Groceries Costs Vs. Texas
Detailed Krum Health Costs Vs. Texas
Detailed Krum Transportation Costs Vs. Texas
Detailed Krum Utilities Costs Vs. Texas
Krum SnackAbility
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Cost Of Living In Cities Around Krum
The cost of living varies in the cities and towns around Krum. Here's a quick look at the cost of living in the most populous nearby places:
Denton, TX has a cost of living index of 102, 1.0x Krum.
Flower Mound, TX has a cost of living index of 117, 1.1x Krum.
Lakewood, WA has a cost of living index of 115, 1.1x Krum.
| City | Population | Cost Of Living | Vs. Krum |
|---|---|---|---|
| Denton, TX | 139,704 | 102 | 1.0x |
| Flower Mound, TX | 75,050 | 117 | 1.1x |
| Lakewood, WA | 62,972 | 115 | 1.1x |
| Little Elm, TX | 45,124 | 107 | 1.0x |
| Corinth, TX | 22,216 | 107 | 1.0x |
| Highland, UT | 18,913 | 134 | 1.3x |
| Sanger, TX | 8,730 | 87 | 0.8x |
| Providence, UT | 8,199 | 106 | 1.0x |
