Cost of living in Snyder 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 Snyder 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 Snyder is 83, with 100 being the average.
The cost of living index in Snyder is 0.8x lower than the national average.
Snyder ranks as the #50 cheapest in Texas out of 414.
Snyder ranks as the #306 cheapest out of 6,489 in the US.
The median home value in Snyder is $134,894.
The median income in Snyder is $54,067.
According to the most recent data on the cost of living, Snyder has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Snyder has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Snyder ranks as #50 most affordable out of the 414 places we measured in Texas. By definition, that implies Snyder ranks as the #364 most expensive place in the Lone Star State.
For more reading on life in Snyder, check out:
Six factors go into calculating the cost of living index in Snyder. Here is how it fairs on each of the criteria:
The Services index in Snyder is 94.
The Groceries index in Snyder is 97.
The Health index in Snyder is 94.
The Housing index in Snyder is 56.
The Transportation index in Snyder is 95.
The Utilities index in Snyder is 101.
| Living Expense | Snyder | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 94 | 97 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 94 | 93 | 100 | |
| Housing | 56 | 82 | 100 | |
| Transportation | 95 | 94 | 100 | |
| Utilities | 101 | 104 | 100 | |
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 Snyder is $134,894.
The Median Rent in Snyder is $929.
The Median Income in Snyder is $54,067.
The Home Value To Income in Snyder is 2.5x.
The Rent To Monthly Income in Snyder is 0.21x.
The cost of living varies in the cities and towns around Snyder. Here's a quick look at the cost of living in the most populous nearby places:
Big Spring, TX has a cost of living index of 91, 1.1x Snyder.
Sweetwater, TX has a cost of living index of 82, 1.0x Snyder.
| City | Population | Cost Of Living | Vs. Snyder | 
|---|---|---|---|
| Big Spring, TX | 24,769 | 91 | 1.1x | 
| Sweetwater, TX | 10,484 | 82 | 1.0x |