Housing costs in Kermit?
A typical home costs
$107,700, which is 68.1% less expensive than the national average of
$338,100 and 63.8% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Kermit costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 37.6% cheaper than the state average of
$1,280.
Can I afford Kermit?
To live comfortably in Kermit, Texas, a minimum annual income of
$20,520 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Kermit?
Kermit, TX is known for its low cost of living. The overall cost of living index in Kermit is estimated to be 6% lower than the national average, making it an affordable place to live. Housing costs are particularly low with a median home value of just over $40,000. Food and general goods can also be purchased at a very reasonable price due to the numerous local stores and markets in the area. Additionally, taxes in Kermit are some of the lowest in Texas, helping to make it an attractive option for those looking for a more budget-friendly lifestyle.