Housing costs in Olney?
A typical home costs
$97,800, which is 71.1% less expensive than the national average of
$338,100 and 67.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Olney costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 50.6% cheaper than the state average of
$1,280.
Can I afford Olney?
To live comfortably in Olney, Texas, a minimum annual income of
$18,720 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in Olney, TX is relatively low compared to other cities in Texas. According to BestPlaces, the cost of living index for Olney is around 72.7 which is 18.3% lower than the Texas average of 88.9. This means that goods and services such as groceries, transportation, health care and utilities cost less than they do on average in other parts of Texas. Additionally, the median house price in Olney is $77,800; significantly lower than the state average of $193,400. The low cost of living combined with a strong job market makes Olney an attractive place to live for those looking for quality housing at an affordable price.