Cost of living in Muleshoe 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 Muleshoe 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 Muleshoe is 77, with 100 being the average.
The cost of living index in Muleshoe is 0.8x lower than the national average.
Muleshoe ranks as the #30 cheapest in Texas out of 405.
Muleshoe ranks as the #78 cheapest out of 6,412 in the US.
The median home value in Muleshoe is $94,100.
The median income in Muleshoe is $64,655.
According to the most recent data on the cost of living, Muleshoe has an overall cost of living index of 77, which is 0.8x lower than the national index of 100.
Compared to Texas, Muleshoe has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Muleshoe ranks as #30 most affordable out of the 405 places we measured in Texas. By definition, that implies Muleshoe ranks as the #375 most expensive place in the Lone Star State.
For more reading on life in Muleshoe, check out:
Six factors go into calculating the cost of living index in Muleshoe. Here is how it fairs on each of the criteria:
The Services index in Muleshoe is 99.
The Groceries index in Muleshoe is 96.
The Health index in Muleshoe is 100.
The Housing index in Muleshoe is 44.
The Transportation index in Muleshoe is 87.
The Utilities index in Muleshoe is 86.
|Living Expense||Muleshoe||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 Muleshoe is $94,100.
The Median Rent in Muleshoe is $641.
The Median Income in Muleshoe is $64,655.
The Home Value To Income in Muleshoe is 1.5x.
The Rent To Monthly Income in Muleshoe is 0.12x.
|Median Home Value||$94,100||$202,600||$244,900|
|Home Value To Income||1.5x||3.0x||3.5x|
|Rent To Monthly Income||0.12x||0.2x||0.2x|
The cost of living varies in the cities and towns around Muleshoe. Here's a quick look at the cost of living in the most populous nearby places:
Clovis, NM has a cost of living index of 89, 1.2x Muleshoe.
Hereford, TX has a cost of living index of 78, 1.0x Muleshoe.
Levelland, TX has a cost of living index of 83, 1.1x Muleshoe.