Housing costs in Melvin?
A typical home costs
$82,900, which is 75.5% less expensive than the national average of
$338,100 and 72.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Melvin costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 56.1% cheaper than the state average of
$1,280.
Can I afford Melvin?
To live comfortably in Melvin (zip 76858), Texas, a minimum annual income of
$15,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Melvin?
The cost of living in Melvin, Texas (zip code 76858) is quite affordable. Compared to the national average, living expenses such as housing, groceries, and utilities are noticeably lower. This makes it an ideal place to live for those looking to save money while still enjoying all the amenities that a modern city has to offer. The median home value is around $125,000 which allows residents to purchase a comfortable and spacious home for less than most other parts of the country. Groceries and utility costs are also low compared to the average which helps residents keep their living costs down even further. For those seeking an affordable place to call home, Melvin is an excellent option.