Monahans, TX Cost Of Living
Cost Of Living In Monahans, TX Summary
Cost of living in Monahans 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 Monahans 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 Monahans is 83, with 100 being the average.
The cost of living index in Monahans is 0.8x lower than the national average.
Monahans ranks as the #96 cheapest in Texas out of 405.
Monahans ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Monahans is $108,200.
The median income in Monahans is $72,721.
Table Of Contents
Monahans's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Monahans, TX?
According to the most recent data on the cost of living, Monahans has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Monahans has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Monahans ranks as #96 most affordable out of the 405 places we measured in Texas. By definition, that implies Monahans ranks as the #309 most expensive place in the Lone Star State.
For more reading on life in Monahans, check out:
- Living In Monahans
- Monahans Crime Report
- Search Homes For Sale In Monahans, TX
In Texas
In America
Monahans Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Monahans. Here is how it fairs on each of the criteria:
The Services index in Monahans is 94.
The Groceries index in Monahans is 90.
The Health index in Monahans is 102.
The Housing index in Monahans is 61.
The Transportation index in Monahans is 97.
The Utilities index in Monahans is 97.
| Living Expense | Monahans | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 94 | 96 | 100 | |
| Groceries | 90 | 93 | 100 | |
| Health | 102 | 93 | 100 | |
| Housing | 61 | 84 | 100 | |
| Transportation | 97 | 92 | 100 | |
| Utilities | 97 | 104 | 100 | |
Monahans, 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 Monahans is $108,200.
The Median Rent in Monahans is $1,046.
The Median Income in Monahans is $72,721.
The Home Value To Income in Monahans is 1.5x.
The Rent To Monthly Income in Monahans is 0.17x.
| Statistic | Monahans | Texas | United States |
|---|---|---|---|
| Median Home Value | $108,200 | $202,600 | $244,900 |
| Median Rent | $1,046 | $1,146 | $1,163 |
| Median Income | $72,721 | $67,321 | $69,021 |
| Home Value To Income | 1.5x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Monahans, TX Costs By Category
Detailed Monahans Services Costs Vs. Texas
Detailed Monahans Groceries Costs Vs. Texas
Detailed Monahans Health Costs Vs. Texas
Detailed Monahans Transportation Costs Vs. Texas
Detailed Monahans Utilities Costs Vs. Texas
Monahans SnackAbility
/10
Cost Of Living In Cities Around Monahans
The cost of living varies in the cities and towns around Monahans. Here's a quick look at the cost of living in the most populous nearby places:
Odessa, TX has a cost of living index of 90, 1.1x Monahans.
West Odessa, TX has a cost of living index of 84, 1.0x Monahans.
Pecos, TX has a cost of living index of 78, 0.9x Monahans.
| City | Population | Cost Of Living | Vs. Monahans |
|---|---|---|---|
| Odessa, TX | 112,640 | 90 | 1.1x |
| West Odessa, TX | 31,927 | 84 | 1.0x |
| Pecos, TX | 12,467 | 78 | 0.9x |
| Kermit, TX | 6,078 | 80 | 1.0x |
