Terrell, TX Cost Of Living
Cost Of Living In Terrell, TX Summary
Cost of living in Terrell 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 Terrell 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 Terrell is 93, with 100 being the average.
The cost of living index in Terrell is 0.9x lower than the national average.
Terrell ranks as the #251 cheapest in Texas out of 405.
Terrell ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Terrell is $145,900.
The median income in Terrell is $57,904.
Table Of Contents
Terrell's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Terrell, TX?
According to the most recent data on the cost of living, Terrell has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Texas, Terrell has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Terrell ranks as #251 most affordable out of the 405 places we measured in Texas. By definition, that implies Terrell ranks as the #154 most expensive place in the Lone Star State.
For more reading on life in Terrell, check out:
- Living In Terrell
- Terrell Crime Report
- Search Homes For Sale In Terrell, TX
In Texas
In America
Terrell Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Terrell. Here is how it fairs on each of the criteria:
The Services index in Terrell is 109.
The Groceries index in Terrell is 101.
The Health index in Terrell is 116.
The Housing index in Terrell is 64.
The Transportation index in Terrell is 95.
The Utilities index in Terrell is 108.
| Living Expense | Terrell | Texas | National Average | |
|---|---|---|---|---|
| Overall | 93 | 92 | 100 | |
| Services | 109 | 96 | 100 | |
| Groceries | 101 | 93 | 100 | |
| Health | 116 | 93 | 100 | |
| Housing | 64 | 84 | 100 | |
| Transportation | 95 | 92 | 100 | |
| Utilities | 108 | 104 | 100 | |
Terrell, 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 Terrell is $145,900.
The Median Rent in Terrell is $1,071.
The Median Income in Terrell is $57,904.
The Home Value To Income in Terrell is 2.5x.
The Rent To Monthly Income in Terrell is 0.22x.
| Statistic | Terrell | Texas | United States |
|---|---|---|---|
| Median Home Value | $145,900 | $202,600 | $244,900 |
| Median Rent | $1,071 | $1,146 | $1,163 |
| Median Income | $57,904 | $67,321 | $69,021 |
| Home Value To Income | 2.5x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Terrell, TX Costs By Category
Detailed Terrell Services Costs Vs. Texas
Detailed Terrell Groceries Costs Vs. Texas
Detailed Terrell Health Costs Vs. Texas
Detailed Terrell Transportation Costs Vs. Texas
Detailed Terrell Utilities Costs Vs. Texas
Terrell SnackAbility
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Cost Of Living In Cities Around Terrell
The cost of living varies in the cities and towns around Terrell. Here's a quick look at the cost of living in the most populous nearby places:
Rowlett, TX has a cost of living index of 105, 1.1x Terrell.
Rockwall, TX has a cost of living index of 108, 1.2x Terrell.
Balch Springs, TX has a cost of living index of 89, 1.0x Terrell.
| City | Population | Cost Of Living | Vs. Terrell |
|---|---|---|---|
| Rowlett, TX | 62,606 | 105 | 1.1x |
| Rockwall, TX | 46,150 | 108 | 1.2x |
| Balch Springs, TX | 27,369 | 89 | 1.0x |
| Forney, TX | 22,770 | 103 | 1.1x |
| Seagoville, TX | 18,263 | 93 | 1.0x |
| Heath, TX | 9,362 | 141 | 1.5x |
| Travis Ranch, TX | 8,201 | 107 | 1.2x |
| Kaufman, TX | 6,796 | 93 | 1.0x |
