Cities with the Best Home Price to Income Ratio. Walk Score 9 Bike Score 23 Transit Score 31 Is McKinney a good place to live? This makes it an attractive option for those looking for affordable housing options or wanting to save money on their day-to-day expenses. The standard of living in Muleshoe ranks as #78 most affordable out of the 6,418 places we measured in Texas. Population: 2,707 Cost of Living: 27.2% Below Texas Average Crime Rate: 67.5% Below Texas Average, Rio Hondo tops this portion of our list as the cheapest small town to live in Texas due. It features an affordable way of life, with a cost of living that is 22% lower than the rest of the state and average home values of $140,000 to $150,000. "It is undeniable that larger metro areas like New York and Los Angeles offer better opportunities for higher paying jobs," notes Tyler Baines, cost of living project manager and research analyst at the Center for Regional Economic Competitiveness. Sounds like hill country paradise to me! Can Stocks Picked by Artificial Intelligence Beat the Market? #15 Suburbs with the Lowest Cost of Living in Dallas-Fort Worth Area. 10 Cheapest Places To Live In Texas - Upgraded Home As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities. We aggregate those rankings into a Cost of Living Index for each city in Texas. 2023 Suburbs of Austin Area with the Lowest Cost of Living The crime rate is 54% lower than the Texas average, and the median home price is $165,1000. Metro-level data on populations, household incomes, home values, poverty rates and other demographic information are from the U.S. Census Bureau. The city is home to the Arkansas Shakespeare Theatre, the state's only professional Shakespeare company. The 25 Cheapest Places to Live: U.S. Cities Edition | Kiplinger Residents can cool off in the summer at the city's sprawling aquatic center, which includes a water slide and diving platform. Then, we filtered the list to only include places that had a cost of living and crime rates lower than the Texas state averages using official data from the government and the FBI via AreaVibes. Its two major hospitals serve a four-state area that includes Kansas, Oklahoma and Arkansas. Utilities, which cost about a quarter less than the U.S. average, are another notable way that locals save on their bills. Nearby parks offer a combined 140 miles of trails and three swimming beaches. Indeed, housing costs, including mortgages, rents and insurance, are nearly 30% lower than the U.S. average. This city is famous for the "world's littlest skyscraper" that was built there in 1919. To develop this list of the cheapest and safest places to live in Texas, we want to give you some insights into our research process so that you can be confident about the quality of our findings and trust our results. Meanwhile, the city is quite safe, with crime rates that are 51% lower than the national average. For those with more of an outdoor bent, the Flint RiverQuarium keeps turtles and alligators native to the local Flint River. As is typical with every city on this list, affordable housing leads the way. The Quinta Mazatlan, a luxury birdhouse with more than 15 acres of birding habitat, is not to be missed. With that logic in mind, we derived several cost of living statistics from the latest Census American Community Survey 2017-2021 for Texas. ET By. View nearby homes. It also boasts a huge healthcare sector, so doctors and specialists are not hard to find. At the same time, a large proportion of younger residents helps keep costs in check. Metropolitan area unemployment rates, courtesy of the U.S. Bureau of Labor Statistics, are not seasonally adjusted, and are as of March 17, 2023 for the month of January 2023, which is the latest available data. Cheapest Places To Live In Texas; Cheapest Cities To Live In America; Cheapest States To Live In America; The 10 Cheapest Neighborhoods To Live In Houston For 2022. The 10 Cheapest Places To Live In Texas That Are Great - Only In Your State The population is just under 8,000, the crime rate is 70% lower than the state average, and above all else, everyone here is friendly and willing to help you out when you need it. Population: 5,783Rank Last Year: 2 (Up 1)Home Price To Income Ratio: 1.3x (2nd most affordable)Income To Rent Ratio: 74.6x (43rd cheapest)More On Elsa: Real Estate|Cost Of Living. Becoming a Homeowner Bolger provides residents with a large set of recreational activities. 119. r/texas. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. NY 10036. It is home to the University of Tennessee and the Women's Basketball Hall of Fame, but Knoxville is also the gateway to the Great Smoky Mountains. Dallas belongs to North Texas and is a flourishing city ripe with attractions. Handy's legacy as the "Father of the Blues" is celebrated with an annual summer festival. The 12 Best Places to Live in Texas 2023 Update with Fresh Data, Why is Texas so Cheap to Live in 2023? The metro area supports jobs in plenty of other industries too, including healthcare, retail and manufacturing.
The cost of living in Texas is 3.3% lower than the US average. Just be forewarned that the metro area's poverty rate of 18.7% while lower than the state level of 19.6% is much higher than the national rate of 12.8%. It is also significantly safer than many other parts of Texas, with a, crime rate that is 25% lower than the state average, The average home values in Hidalgo are around $150,000 to $160,000, , which is still lower than the Texas state average. Kiplinger is part of Future plc, an international media group and leading digital publisher. You can find out more about him on LinkedIn or his website. With a median home value of $62,100 and a median rent of $893, it offers an overall cost of living of just below the Texas average. Located just north of I-70 and the Colorado River in the western part of the state, Port Lavaca is the seventh most affordable place to call home in texas. Read on to learn about each of the top ten affordable cities in Texas and the methodology. And you'll save about 14% getting your washer repaired after it inevitably breaks down. That's more than double both the Texas rate of 14.3% and the U.S. rate of 12.8%. The city of Conway an affordable enclave in the Little Rock-North Little Rock-Conway metro area (pop. The Lone Star State may be vast, but its cost of living is tiny - so tiny, in fact, that it consistently ranks as one of the cheapest states in the US. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. A half hour outside San Antonio, you'll find the beautiful community of Cibolo. The city is notable for its across-the-board affordability for everything from food to transportation, according to the Cost of Living Index. Located in western Texas near the New Mexico border, Muleshoe ranks as the second most affordable city in the state. As for higher education, Cedar Falls is home to the University of Northern Iowa, which is where NFL Hall of Fame quarterback Kurt Warner played during his college days. to its cost of living that is 27% below the Texas average and its excellent safety ratings. What county in Texas has the lowest cost of living? If You'd Put $1,000 Into Apple Stock 20 Years Ago, Here's What You'd Have Today. What is the cheapest housing market in Texas? The average home value in Texas is $187,200, almost 4.1 times higher than Marlin. Buying a home costs about $117,500. The city also hosts the University of North Alabama. Best of all, the city's distinctive sites and southern charm come at a reasonable price. If you are looking to rent, the average price for an apartment is $739. From large concerts and sporting events to sleek shopping centers and fancy dining, Dallas does not lack luxurious living. The best affordable places to live in Texas Published: Sept. 9, 2019 at 10:13 a.m. Jackson falls within the top 10 cheapest places to live for U.S. city dwellers. It's dropping again to 4.95% in 2023 with more rate reductions possible in the future. Updated yesterday. Utilities, however, are relatively pricey, running 23% above the national average. Overall, we have compiled this list based on all the latest data and statistics available on the cost of living and crime rates to save you the stress and effort of worrying about the best location to move to after your retirement. Caterpillar (CAT), the world's largest maker of construction and mining equipment, has facilities in the area, as well. $100+ Studio. The major indexes tumbled as data on private payrolls and weekly jobless claims raised expectations for more rate hikes. The good news is that Austin car insurance is pretty cheap. The Lucy Park features a duck pond, a frisbee golf course, and picnic areas. Published 2 October 22. Not that Conway is without its own more aspirational cultural attractions. All other major expenses tracked by the Cost of Living Index likewise take a smaller bite of folks' paychecks, securing Florence's place among the 25 cheapest places to live for U.S. city dwellers. Listen to the Ian King . Round Rock recently made Livability.com's 2015 list of Best Affordable Cities in Texas. How does a state with no income tax at all not end up on the "most tax-friendly" list? Housing costs are 43% lower than the national average in metro Decatur, and healthcare, utilities and transportation are much cheaper too. Overall housing costs which include mortgages, rents, insurance and related expenses run 30% below the national average. And it all comes in an affordable package. If you're looking for a home in Breckenridge, you're in luck. Investing in Gold: 10 Facts You Need to Know. S Studio 1 2 2 Beds 3+ 3+ Beds Share this Article 10 Cheapest Places to Live in Texas, 2022 By: Susan Finch March 22, 2022 Texas is famous for its mouth-watering barbeque, honky-tonk music, and hot, steamy weather. Texas saw the most population growth between 2000 to 2022 due to low cost of living and no income tax, but data shows its not the cheapest. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. The metro area's cost of living is nearly 14% below the national average, led by a 20% savings on housing costs. Be forewarned, however, that Iowa is one of the least tax-friendly states for middle-class families. Weve gathered up some towns that are not only easy on your wallet, but incredibly safe as well. Thousands of pounds have been wiped off the average price of a house - and experts explain why; an offer to save money on your next railcard is coming to a close in days. Median monthly rent: $937. And with all your leftover cash, you can easily take weekend trips over the border to Mexico, where your money will go even further. Contact us at: hello (at) strategistico (dot) com. 2015-2023 Chasing Chains, LLC. Which city in Texas has the cheapest cost of living? Know whats covered, what isnt, and how to make the most of your policy if you need to file a claim. You then compare these cost of living metrics for each place in Texas to figure out which is the least expensive. Today, it is known as the Spinach Capital of the World thanks to its thriving spinach industry. Childcare costs $10,143 a year in Uvalde County for two children compared to the Texas average of $14,973. Its median home price is $71,4000 which is 25% lower than the national average. That includes everything from mortgages and rents to insurance and other allied costs. Census American Community Survey 2017-2021, You can download the entre cost of living data set for Texas here, Median Home Price / Median Income (lower is better), Median Income / Median Rent (higher is better). Happily for locals, the area remains among the country's cheapest cities to live in despite the presence of so many well-paid occupations. Top 10 Cheapest Places To Live In Dallas County, TX | ZeroDown 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. Comparatively, if the score is 123, the cost of living is, on average, 23%. . Major employers include the Anniston Army Depot and Alabama Regional Medical Center. The cheapest places to live in Texas for 2023 are Elsa, Muleshoe, and Crystal City. Indeed, in Thomasville-Lexington, overall housing costs are 39% lower than what the typical American pays. Then there's Chehaw Park, which features hiking trails and a zoo with cheetahs and rhinos. Winston-Salem doesn't lack things to do, either: Six colleges, 75 recreational parks and 33 wineries call the region home, and Winston-Salem's theater and visual arts heritage earned it the nickname "The City of the Arts." Whats the cheapest place to live in Texas? In addition to being a major employer, the presence of so many graduate and undergraduate students also helps keep costs in check. , making it one of the top cheap small towns in Texas to relocate to with your family. Texas Cheapest Cities - Most Affordable Places to Live - 360training Nearby Hartselle, about 10 miles south, shares the charms of its neighbor to the north. The median income of a Texas household is $63,826. When you purchase through links on our site, we may earn an affiliate commission. The state capital also happens to be a great place for retirees. Hurricane damage? Sitting on the banks of the Tennessee River, Knoxville is home to the University of Tennessee. The average home value in Marlin is $46,100, the lowest in the state. Here's how affordable it is based on 2023 data. 2023 Suburbs of Austin Area with the Lowest Cost of Living - Niche 2023 Suburbs with the Lowest Cost of Living in the Austin Area Cost of living Best places to live Best for families Most diverse View on map Area type City City neighborhood Suburbs Towns Public schools grade A B C D Cost of living $ $$ $$$ $$$$ Who lives here Families Rio Grande City, Texas Population: 14,511 Cost of Living: 19.6% Below Texas Average Crime Rate: 15.5% Below Texas Average Location: Check on Google Maps Rio Grande City starts off our list of the cheapest and safest places to live in Texas for bigger cities. The average home value in Marlin is $46,100, the lowest in the state. Whats been the worst? The largest city in the Rio Grande Valley and one of the cheapest places to live in Texas, Brownsville is ideal for singles, young professionals, families, and retirees looking for spacious condos and luxury homes in a city with beautiful weather year-round. Population: 143,203 Cost Of Living Index: 92 (9th cheapest) Home Value To Income Ratio: 1.9 (3rd cheapest) Transportation and miscellaneous goods and services are likewise comparative bargains, which also help Mobile maintain its place among the top 10 cheapest places to live in the U.S. As a port city, it should come as no surprise that shipbuilder Austal USA is among the area's major employers. Alabama and Texas are just a couple of the Southern states making multiple appearances on our list of the cheapest places to live among U.S. cities. The home prices in Pharr average around $140,000 to $150,000, which is about $40,000 cheaper than the values in neighboring McAllen. Source: C2ER's Cost of Living Index, 2022 Annual Average Data, published January 2023. With just under 80,000 residents calling it home, Pharr ranks number one on our list of most affordable cities. Although the income picture could be brighter, Anniston has its charms, including Victorian homes and historic churches among other architectural gems.