Housing costs in Panhandle?
A typical home costs
$159,100, which is 52.9% less expensive than the national average of
$338,100 and 46.5% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Panhandle costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 39.1% cheaper than the state average of
$1,280.
Can I afford Panhandle?
To live comfortably in Panhandle, Texas, a minimum annual income of
$30,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Panhandle?
The cost of living in Panhandle, TX is relatively affordable. The local housing market is reasonably priced and the median home value is about $88,600 with some homes costing as low as $32,000. The median household income is also reasonable, coming in at approximately $45,500. The cost of groceries and utilities are also quite affordable making it an ideal place for those looking to move to a more rural setting without breaking the bank. Additionally, there are plenty of job opportunities in the area so it's easy to find employment. All things considered, Panhandle proves to be a great location for people looking for an affordable place to live.