Housing costs in Balmorhea?
A typical home costs
$116,100, which is 65.7% less expensive than the national average of
$338,100 and 61.0% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Balmorhea costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 42.2% cheaper than the state average of
$1,280.
Can I afford Balmorhea?
To live comfortably in Balmorhea, Texas, a minimum annual income of
$22,320 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Balmorhea?
The cost of living in Balmorhea, TX is quite affordable. The median home value is about $58,200, which is much lower than the national average. The median household income is slightly higher than the Texas state average at $39,542 per year. Groceries and other necessities are also more affordable compared to other places in Texas. The overall cost of living index for Balmorhea is 79.3, which is significantly lower than the US average of 100. For those looking for a place with an affordable cost of living, Balmorhea offers an ideal option.