Cost of living in La Homa 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 La Homa 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 La Homa is 75, with 100 being the average.
The cost of living index in La Homa is 0.8x lower than the national average.
La Homa ranks as the #19 cheapest in Texas out of 405.
La Homa ranks as the #35 cheapest out of 6,412 in the US.
The median home value in La Homa is $76,500.
The median income in La Homa is $29,546.
According to the most recent data on the cost of living, La Homa has an overall cost of living index of 75, which is 0.8x lower than the national index of 100.
Compared to Texas, La Homa has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in La Homa ranks as #19 most affordable out of the 405 places we measured in Texas. By definition, that implies La Homa ranks as the #386 most expensive place in the Lone Star State.
For more reading on life in La Homa, check out:
Six factors go into calculating the cost of living index in La Homa. Here is how it fairs on each of the criteria:
The Services index in La Homa is 78.
The Groceries index in La Homa is 87.
The Health index in La Homa is 68.
The Housing index in La Homa is 47.
The Transportation index in La Homa is 88.
The Utilities index in La Homa is 104.
|Living Expense||La Homa||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 La Homa is $76,500.
The Median Rent in La Homa is $640.
The Median Income in La Homa is $29,546.
The Home Value To Income in La Homa is 2.6x.
The Rent To Monthly Income in La Homa is 0.26x.
|Statistic||La Homa||Texas||United States|
|Median Home Value||$76,500||$202,600||$244,900|
|Home Value To Income||2.6x||3.0x||3.5x|
|Rent To Monthly Income||0.26x||0.2x||0.2x|
The cost of living varies in the cities and towns around La Homa. Here's a quick look at the cost of living in the most populous nearby places:
McAllen, TX has a cost of living index of 79, 1.1x La Homa.
Edinburg, TX has a cost of living index of 81, 1.1x La Homa.
Mission, TX has a cost of living index of 79, 1.1x La Homa.