Housing costs in Honey Grove?
A typical home costs
$191,300, which is 43.4% less expensive than the national average of
$338,100 and 35.7% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Honey Grove costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 45.5% cheaper than the state average of
$1,280.
Can I afford Honey Grove?
To live comfortably in Honey Grove, Texas, a minimum annual income of
$36,720 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Honey Grove?
The cost of living in Honey Grove, TX is fairly reasonable. According to Sperling's Best Places, the cost of living index is only 92.9, which means that it is 7.1% lower than the U.S. average. Furthermore, the median home value in Honey Grove is $72,300 and the median rent price is around $742 per month, both significantly lower than the national averages. In addition, groceries and utilities are also cheaper here as compared to other parts of the country. All these factors make Honey Grove an attractive place for people looking for a good quality of life at an affordable price point.