Housing costs in Melvin?
A typical home costs
$77,500, which is 77.1% less expensive than the national average of
$338,100 and 74.0% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Melvin costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 58.0% cheaper than the state average of
$1,280.
Can I afford Melvin?
To live comfortably in Melvin, Texas, a minimum annual income of
$14,760 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Melvin?
The cost of living in Melvin, TX is quite reasonable. The median home price is around $95,000 and the median household income is around $44,000. Property taxes are low as well, and overall the cost of living in Melvin is about 11% lower than the national average. This makes it a great choice for people looking to live somewhere with a low cost of living but still have access to a variety of amenities. There are plenty of affordable housing options available, and even though there is slightly less employment opportunities compared to nearby cities, the quality of life in Melvin remains high.