Mineral Wells, TX Cost Of Living
Cost Of Living In Mineral Wells, TX Summary
Cost of living in Mineral Wells 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 Mineral Wells 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 Mineral Wells is 95, with 100 being the average.
The cost of living index in Mineral Wells is 0.9x lower than the national average.
Mineral Wells ranks as the #190 cheapest in Texas out of 414.
Mineral Wells ranks as the #1,954 cheapest out of 6,489 in the US.
The median home value in Mineral Wells is $201,437.
The median income in Mineral Wells is $54,210.
Table Of Contents
Mineral Wells's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mineral Wells, TX?
According to the most recent data on the cost of living, Mineral Wells has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Texas, Mineral Wells has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Mineral Wells ranks as #190 most affordable out of the 414 places we measured in Texas. By definition, that implies Mineral Wells ranks as the #224 most expensive place in the Lone Star State.
For more reading on life in Mineral Wells, check out:
In Texas
In America
Mineral Wells Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Mineral Wells. Here is how it fairs on each of the criteria:
The Services index in Mineral Wells is 110.
The Groceries index in Mineral Wells is 98.
The Health index in Mineral Wells is 106.
The Housing index in Mineral Wells is 66.
The Transportation index in Mineral Wells is 88.
The Utilities index in Mineral Wells is 110.
| Living Expense | Mineral Wells | Texas | National Average | |
|---|---|---|---|---|
| Overall | 95 | 92 | 100 | |
| Services | 110 | 97 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 66 | 82 | 100 | |
| Transportation | 88 | 94 | 100 | |
| Utilities | 110 | 104 | 100 | |
Mineral Wells, 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 Mineral Wells is $201,437.
The Median Rent in Mineral Wells is $1,004.
The Median Income in Mineral Wells is $54,210.
The Home Value To Income in Mineral Wells is 3.7x.
The Rent To Monthly Income in Mineral Wells is 0.22x.
| Statistic | Mineral Wells | Texas | United States |
|---|---|---|---|
| Median Home Value | $201,437 | $298,905 | $303,400 |
| Median Rent | $1,004 | $1,339 | $1,348 |
| Median Income | $54,210 | $76,292 | $78,538 |
| Home Value To Income | 3.7x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.22x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Mineral Wells, TX Costs By Category
Detailed Mineral Wells Services Costs Vs. Texas
| Item | Mineral Wells | Texas |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $14.6 | $12.13 |
| Bowling | $24.53 | $18 |
| Haircut | $33.29 | $24.26 |
| Beauty Salon | $65.85 | $45.56 |
Detailed Mineral Wells Groceries Costs Vs. Texas
| Item | Mineral Wells | Texas |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.74 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $11.3 | $12.09 |
| Beer | $10.93 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
Detailed Mineral Wells Health Costs Vs. Texas
| Item | Mineral Wells | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
Detailed Mineral Wells Transportation Costs Vs. Texas
| Item | Mineral Wells | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
Detailed Mineral Wells Utilities Costs Vs. Texas
| Item | Mineral Wells | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
Mineral Wells SnackAbility
/10
Cost Of Living In Cities Around Mineral Wells
The cost of living varies in the cities and towns around Mineral Wells. Here's a quick look at the cost of living in the most populous nearby places:
Fort Worth, TX has a cost of living index of 103, 1.1x Mineral Wells.
Burleson, TX has a cost of living index of 109, 1.1x Mineral Wells.
Weatherford, TX has a cost of living index of 106, 1.1x Mineral Wells.
| City | Population | Cost Of Living | Vs. Mineral Wells |
|---|---|---|---|
| Fort Worth, TX | 941,311 | 103 | 1.1x |
| Burleson, TX | 50,981 | 109 | 1.1x |
| Weatherford, TX | 33,924 | 106 | 1.1x |
| Saginaw, TX | 24,467 | 105 | 1.1x |
| Benbrook, TX | 24,430 | 107 | 1.1x |
| Watauga, TX | 23,336 | 107 | 1.1x |
| Stephenville, TX | 21,345 | 95 | 1.0x |
| Crowley, TX | 19,007 | 105 | 1.1x |
| White Settlement, TX | 18,119 | 96 | 1.0x |
| Forest Hill, TX | 13,923 | 95 | 1.0x |
