Housing costs in Gun Barrel City?
A typical home costs
$271,000, which is 19.8% less expensive than the national average of
$338,100 and 8.9% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Gun Barrel City costs
$1,300 per month, which is 9.1% cheaper than the national average of
$1,430 and close to the state average of
$1,280.
Can I afford Gun Barrel City?
To live comfortably in Gun Barrel City, Texas, a minimum annual income of
$51,840 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Gun Barrel City?
The cost of living in Gun Barrel City, TX is fairly low compared to other parts of the state. According to Sperling's Best Places, the overall cost of living index for Gun Barrel City is 81.5, 8 points lower than the Texas average. This is largely due to housing costs, which are nearly 20 percent lower than the national average. Other costs such as groceries, utilities, and transportation are also below average for this area. All in all, Gun Barrel City has a reasonably low cost of living that may be attractive to potential residents looking for an affordable place to live in Texas.