Housing costs in Gorman?
A typical home costs
$119,800, which is 64.6% less expensive than the national average of
$338,100 and 59.7% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Gorman costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 52.4% cheaper than the state average of
$1,280.
Can I afford Gorman?
To live comfortably in Gorman (zip 76454), Texas, a minimum annual income of
$23,040 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Gorman?
The cost of living in 76454 Gorman, TX is relatively low compared to the rest of the United States. According to BestPlaces's 2020 Cost of Living Index, the area has an overall index score of 86.6, where 100 is average for the US. This makes it 5% below the national average and one of the most affordable places to live in Texas. Rent prices are especially low with a 1 bedroom apartment outside city center costing around $588 per month. Groceries are also reasonably priced and healthcare costs are slightly lower than average at about 10% less than national averages. All in all, living in Gorman provides an affordable quality of life that many people can appreciate.