Cost of Living,
Beaumont's Real Estate Market
Beaumont-Port Arthur Metro Area
Profile: Small city complex Location: Extreme southeast Texas near Gulf Coast and Louisiana border Elevation: 16 Time zone: Central Standard Time
|Outdoor recreation||Uncertain hurricane effects |
|Revitalized downtown||Industrial landscape|
|Cost of living||Hot, humid summers|
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The towns of Beaumont and Port Arthur are located 20 miles apart in extreme southeast Texas. Port Arthur is located on Sabine Lake, a body of water deep enough to support ocean shipping and connected to the Gulf by a canal. Beaumont is inland. The area’s destiny changed in 1901 when the first oil well blew in the nearby Spindletop field, and it changed again in September 2005 when Hurricane Rita swept through the area. The 1901 event turned the area from a quiet lumber and port town into a thriving oil and gas economy, with one of the largest concentrations of oil refineries, oil, and petrochemical-related businesses in the state. The heavy industry and gentle decline of some of that industry took its toll on the city and its environs, but renewal programs in recent years put some life back into the cities, especially the downtown areas. Low living costs and nearby outdoor recreation opportunities brought some people back into the area. These folks found a small-town life and cost environment (COL index is 79.5) while being close enough to Houston to benefit from its big-city amenities. Then the hurricane hit, and did some major damage to the city’s infrastructure, nearby housing and the economy. The press gave more coverage at the time to the aftereffects of the Katrina disaster east in Louisiana, the hectic Rita migration from Houston, and effects of the storms on national refining capacity. Recovery is under way, aided by Federal relief programs, but full long term effects on the population, economy and quality of life are unclear.
The area is located on a flat coastal plain with mostly treeless areas near the coast giving way to large pine forests moving inland. The climate is a modified humid subtropical suitable for year-round outdoor activities. Sea breezes usually prevent summer temperature extremes. The area lies far enough south that cold air masses are moderated although freezing temperatures occur a few times a year. The Gulf and evenly distributed rainfall give the area the highest relative humidity in the nation. Cloudy, rainy weather is most common in the winter. Heavy rainfall occurs during thunderstorms and infrequent tropical storms. Slower moving storms bring longer periods of rain in spring and fall. Fog occurs especially in winter and spring.
Interesting Facts about Beaumont, Texas
As of 2014, Beaumont's population is 117,769 people. Since 2000, it has had a population growth of 2.67 percent.--------------------
The median home cost in Beaumont is $80,900. Home appreciation the last year has been 0.20 percent.--------------------
Compared to the rest of the country, Beaumont's cost of living is 20.40% Lower than the U.S. average.--------------------
Beaumont public schools spend $16,494 per student. The average school expenditure in the U.S. is $12,435. There are about 13.6 students per teacher in Beaumont.--------------------
The unemployment rate in Beaumont is 6.80 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Beaumont jobs have Increased by 0.79 percent.
Ranked #5 Where to Live to Avoid a Natural Disaster (Highest Risk)
Ranked #5 Riskiest Places for Natural Disasters
Ranked #31 2005 High Gas Prices
Ranked #40 High Gas Prices - Which Cities are Hit the Hardest?
Ranked #84 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Beaumont's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes