Housing costs in Somerset?
A typical home costs
$163,400, which is 51.7% less expensive than the national average of
$338,100 and 45.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Somerset costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 60.0% cheaper than the state average of
$1,280.
Can I afford Somerset?
To live comfortably in Somerset, Texas, a minimum annual income of
$31,320 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Somerset?
The cost of living in Somerset, TX is relatively low compared to other areas in the state. The median home value is around $90,000, with an average rent of around $900 per month. Utility costs are also very affordable, with electricity averaging around $100 per month and natural gas available at a discounted rate. The overall cost of groceries and other basic expenses is almost 10% lower than the national average. This makes it an attractive option for those looking for a place to live that offers affordability without sacrificing quality of life.