Housing costs in McAllen?
A typical home costs
$241,200, which is 28.7% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in McAllen costs
$1,020 per month, which is 20.3% cheaper than the national average of
$1,280 and 13.7% more than the state average of
$880.
Can I afford McAllen?
To live comfortably in McAllen (zip 78504), Texas, a minimum annual income of
$46,080 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about McAllen?
The cost of living in 78504 McAllen, TX is quite affordable. The median home value is $125,600 and the median rent is $956 per month. The overall cost of living index for McAllen is 94.4 which is below the national average of 100. This means that living expenses such as groceries, transportation, utilities and health care are reasonably priced compared to other cities in the United States. Additionally, the city's tax rate is relatively low making it attractive for those looking for an affordable place to live with plenty of amenities.