Penitas, TX Cost Of Living
Cost Of Living In Penitas, TX Summary
Cost of living in Penitas 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 Penitas 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 Penitas is 76, with 100 being the average.
The cost of living index in Penitas is 0.8x lower than the national average.
Penitas ranks as the #25 cheapest in Texas out of 405.
Penitas ranks as the #54 cheapest out of 6,412 in the US.
The median home value in Penitas is $122,100.
The median income in Penitas is $46,135.
Table Of Contents
Penitas's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Penitas, TX?
According to the most recent data on the cost of living, Penitas has an overall cost of living index of 76, which is 0.8x lower than the national index of 100.
Compared to Texas, Penitas has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Penitas ranks as #25 most affordable out of the 405 places we measured in Texas. By definition, that implies Penitas ranks as the #380 most expensive place in the Lone Star State.
For more reading on life in Penitas, check out:
- Living In Penitas
- Penitas Crime Report
- Search Homes For Sale In Penitas, TX
In Texas
In America
Penitas Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Penitas. Here is how it fairs on each of the criteria:
The Services index in Penitas is 79.
The Groceries index in Penitas is 89.
The Health index in Penitas is 69.
The Housing index in Penitas is 56.
The Transportation index in Penitas is 88.
The Utilities index in Penitas is 105.
| Living Expense | Penitas | Texas | National Average | |
|---|---|---|---|---|
| Overall | 76 | 92 | 100 | |
| Services | 79 | 96 | 100 | |
| Groceries | 89 | 93 | 100 | |
| Health | 69 | 93 | 100 | |
| Housing | 56 | 84 | 100 | |
| Transportation | 88 | 92 | 100 | |
| Utilities | 105 | 104 | 100 | |
Penitas, 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 Penitas is $122,100.
The Median Rent in Penitas is $581.
The Median Income in Penitas is $46,135.
The Home Value To Income in Penitas is 2.6x.
The Rent To Monthly Income in Penitas is 0.15x.
| Statistic | Penitas | Texas | United States |
|---|---|---|---|
| Median Home Value | $122,100 | $202,600 | $244,900 |
| Median Rent | $581 | $1,146 | $1,163 |
| Median Income | $46,135 | $67,321 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Penitas, TX Costs By Category
Detailed Penitas Services Costs Vs. Texas
Detailed Penitas Groceries Costs Vs. Texas
Detailed Penitas Health Costs Vs. Texas
Detailed Penitas Transportation Costs Vs. Texas
Detailed Penitas Utilities Costs Vs. Texas
Penitas SnackAbility
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Cost Of Living In Cities Around Penitas
The cost of living varies in the cities and towns around Penitas. 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 Penitas.
Edinburg, TX has a cost of living index of 81, 1.1x Penitas.
Mission, TX has a cost of living index of 79, 1.0x Penitas.
| City | Population | Cost Of Living | Vs. Penitas |
|---|---|---|---|
| McAllen, TX | 141,941 | 79 | 1.0x |
| Edinburg, TX | 98,759 | 81 | 1.1x |
| Mission, TX | 85,311 | 79 | 1.0x |
| Pharr, TX | 78,997 | 75 | 1.0x |
| Alton, TX | 17,993 | 77 | 1.0x |
| Palmview, TX | 14,654 | 77 | 1.0x |
| Hidalgo, TX | 13,939 | 77 | 1.0x |
| La Homa, TX | 11,924 | 75 | 1.0x |
