Housing costs in Amarillo?
A typical home costs
$231,400, which is 31.6% less expensive than the national average of
$338,100 and 22.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Amarillo costs
$1,150 per month, which is 10.2% cheaper than the national average of
$1,280 and 15.7% more than the state average of
$970.
Can I afford Amarillo?
To live comfortably in Amarillo (zip 79118), Texas, a minimum annual income of
$44,280 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Amarillo?
The cost of living in 79118 Amarillo, TX is relatively low compared to the national average. According to BestPlaces, the cost of living index for this area is 84, which is 16% lower than the U.S. average. This low price index means goods and services are typically cheaper than other areas in the country. On average, housing costs are 29% lower than the national average and utilities are 8% lower on average. Groceries prices are also slightly lower at 5% below the national median. Although some prices may be higher due to certain factors such as location or quality of items, overall the cost of living in 79118 Amarillo is still much lower than most places in America.