Housing costs in Midway?
A typical home costs
$314,400, which is 7.0% less expensive than the national average of
$338,100 and 5.6% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Midway costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 42.2% cheaper than the state average of
$1,280.
Can I afford Midway?
To live comfortably in Midway, Texas, a minimum annual income of
$60,120 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Midway?
The cost of living in Midway, TX is relatively low when compared to other cities in the same region. The median home value in Midway is around $120,000 which is much lower than surrounding areas. Additionally, the city’s unemployment rate stands at just 3.2%, much lower than the national average. Food and transportation costs are also lower than in most cities, allowing residents more disposable income for leisure activities or saving for a rainy day. With these factors combined, it’s no wonder that Midway earns the reputation as an affordable place to live.