Housing costs in Mineral Wells?
A typical home costs
$157,100, which is 53.5% less expensive than the national average of
$338,100 and 47.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Mineral Wells costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 18.5% cheaper than the state average of
$1,280.
Can I afford Mineral Wells?
To live comfortably in Mineral Wells, Texas, a minimum annual income of
$30,240 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Mineral Wells?
The cost of living in Mineral Wells, TX is fairly reasonable and affordable. The city has an overall cost of living index of 83.1 which is lower than the national average of 100. This indicates that the prices for goods and services in Mineral Wells are cheaper than the rest of the United States. Housing is particularly affordable with median home prices sitting at around $113,000, while rental prices for a two-bedroom apartment are usually less than $700 per month. Other costs such as groceries, healthcare, transportation, utilities and taxes are also quite low compared to other cities across the country. All these factors make Mineral Wells an attractive option for those looking for an affordable place to live.