Housing costs in McAllen?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 46.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in McAllen costs
$1,010 per month, which is 21.1% cheaper than the national average of
$1,280 and 12.9% more than the state average of
$880.
Can I afford McAllen?
To live comfortably in McAllen (zip 78503), Texas, a minimum annual income of
$30,600 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about McAllen?
The cost of living in 78503 McAllen, TX is quite affordable. According to Sperling's Best Places, the overall cost of living index is 89.4, which is 10.6 points lower than the national average. This means that groceries, housing, healthcare and more are all relatively cheaper compared to other parts of the country. The median home price in McAllen is $128,800 while the median rent is just $833 per month making it a great place for people looking for an affordable lifestyle. Additionally, there are plenty of job opportunities available for those looking for work in McAllen due to its close proximity to one of the largest industrial and manufacturing centers in South Texas.