Olivarez, TX Cost Of Living
Cost Of Living In Olivarez, TX Summary
Cost of living in Olivarez 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 Olivarez 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 Olivarez is 76, with 100 being the average.
The cost of living index in Olivarez is 0.8x lower than the national average.
Olivarez ranks as the #25 cheapest in Texas out of 405.
Olivarez ranks as the #54 cheapest out of 6,412 in the US.
The median home value in Olivarez is $57,900.
The median income in Olivarez is $55,118.
Table Of Contents
Olivarez's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Olivarez, TX?
According to the most recent data on the cost of living, Olivarez has an overall cost of living index of 76, which is 0.8x lower than the national index of 100.
Compared to Texas, Olivarez has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Olivarez ranks as #25 most affordable out of the 405 places we measured in Texas. By definition, that implies Olivarez ranks as the #380 most expensive place in the Lone Star State.
For more reading on life in Olivarez, check out:
- Living In Olivarez
- Search Homes For Sale In Olivarez, TX
In Texas
In America
Olivarez Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Olivarez. Here is how it fairs on each of the criteria:
The Services index in Olivarez is 79.
The Groceries index in Olivarez is 88.
The Health index in Olivarez is 72.
The Housing index in Olivarez is 48.
The Transportation index in Olivarez is 88.
The Utilities index in Olivarez is 104.
| Living Expense | Olivarez | Texas | National Average | |
|---|---|---|---|---|
| Overall | 76 | 92 | 100 | |
| Services | 79 | 96 | 100 | |
| Groceries | 88 | 93 | 100 | |
| Health | 72 | 93 | 100 | |
| Housing | 48 | 84 | 100 | |
| Transportation | 88 | 92 | 100 | |
| Utilities | 104 | 104 | 100 | |
Olivarez, 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 Olivarez is $57,900.
The Median Rent in Olivarez is $812.
The Median Income in Olivarez is $55,118.
The Home Value To Income in Olivarez is 1.1x.
The Rent To Monthly Income in Olivarez is 0.18x.
| Statistic | Olivarez | Texas | United States |
|---|---|---|---|
| Median Home Value | $57,900 | $202,600 | $244,900 |
| Median Rent | $812 | $1,146 | $1,163 |
| Median Income | $55,118 | $67,321 | $69,021 |
| Home Value To Income | 1.1x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Olivarez, TX Costs By Category
Detailed Olivarez Services Costs Vs. Texas
Detailed Olivarez Groceries Costs Vs. Texas
Detailed Olivarez Health Costs Vs. Texas
Detailed Olivarez Transportation Costs Vs. Texas
Detailed Olivarez Utilities Costs Vs. Texas
Olivarez SnackAbility
/10
Cost Of Living In Cities Around Olivarez
The cost of living varies in the cities and towns around Olivarez. 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, 1.0x Olivarez.
Edinburg, TX has a cost of living index of 81, 1.1x Olivarez.
Pharr, TX has a cost of living index of 75, 1.0x Olivarez.
| City | Population | Cost Of Living | Vs. Olivarez |
|---|---|---|---|
| McAllen, TX | 141,941 | 79 | 1.0x |
| Edinburg, TX | 98,759 | 81 | 1.1x |
| Pharr, TX | 78,997 | 75 | 1.0x |
| Harlingen, TX | 71,124 | 75 | 1.0x |
| Weslaco, TX | 40,393 | 74 | 1.0x |
| Alamo, TX | 19,644 | 75 | 1.0x |
| Donna, TX | 16,743 | 70 | 0.9x |
| Mercedes, TX | 16,274 | 69 | 0.9x |
| Hidalgo, TX | 13,939 | 77 | 1.0x |
| Mila Doce, TX | 7,047 | 67 | 0.9x |
