Housing costs in South Padre Island?
A typical home costs
$416,000, which is 23.0% more expensive than the national average of
$338,100 and 39.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in South Padre Island costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 2.3% more than the state average of
$1,280.
Can I afford South Padre Island?
To live comfortably in South Padre Island, Texas, a minimum annual income of
$79,560 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about South Padre Island?
The cost of living in South Padre Island, TX is generally moderate to high, depending on the area. The island's property tax rate is among the highest in the state, and rental prices can be expensive. However, there are some areas with more affordable housing options. Additionally, utilities tend to be lower than other parts of Texas due to its coastal location and mild climate. Grocery costs are comparable to those found across the country, while gasoline prices tend to be lower than national average. Overall, South Padre Island offers a great quality of life at a relatively reasonable price.