Housing costs in Lorena?
A typical home costs
$349,000, which is 3.2% more expensive than the national average of
$338,100 and 17.3% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Lorena costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 11.3% cheaper than the state average of
$1,280.
Can I afford Lorena?
To live comfortably in Lorena, Texas, a minimum annual income of
$66,960 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Lorena?
The cost of living in Lorena, TX is very affordable. The median home value in Lorena is $165,500, which is significantly lower than the national average of $231,200. Additionally, housing expenses account for only 21.8% of a typical family’s income, while the national average is 33%. The overall cost of living index in Lorena is at 92 relative to the US average of 100. This means that overall prices are 8% lower than the US and provides great value for money. Transportation costs are also much lower than the US national average due to low gas prices and an efficient public transport system. All these factors make Lorena an attractive place to live for those who want to save money and enjoy a high quality of life.