Housing costs in Elmo?
A typical home costs
$172,300, which is 49.0% less expensive than the national average of
$338,100 and 42.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Elmo costs
$1,270 per month, which is 11.2% cheaper than the national average of
$1,430 and close to the state average of
$1,280.
Can I afford Elmo?
To live comfortably in Elmo, Texas, a minimum annual income of
$33,120 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Elmo?
Elmo, TX has an affordable cost of living. The median home price is just over $110,000 and rents average at around $850 a month. The overall cost of living in Elmo is 3% lower than the national average, making it a great option for those looking for an affordable place to live. Additionally, there are no state income taxes in Texas, which can help save money on your monthly expenses. Groceries and other necessities are typically slightly less expensive than the U.S. average as well. All these factors make Elmo an ideal location for those who would like to enjoy the benefits of Texas living without breaking the bank.