Housing costs in Gilmer?
A typical home costs
$169,000, which is 50.0% less expensive than the national average of
$338,100 and 43.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Gilmer costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 36.2% cheaper than the state average of
$1,280.
Can I afford Gilmer?
To live comfortably in Gilmer, Texas, a minimum annual income of
$32,400 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Gilmer?
The cost of living in Gilmer, TX is relatively low. The city has a median home value of $94,400, which is well below the national median of $184,700. Additionally, the median household income is just over $36,000 and the overall cost of living index for Gilmer is 79.1—nearly 20 points lower than the national average. This means that goods and services tend to be cheaper in Gilmer than other parts of Texas or the nation. With low housing costs and a relatively low cost of living, it’s easy to see why many people choose to live in Gilmer.