Housing costs in Midland?
A typical home costs
$300,200, which is 11.2% less expensive than the national average of
$338,100 and 0.9% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Midland costs
$1,380 per month, which is 7.8% more than the national average of
$1,280 and 4.3% more than the state average of
$1,320.
Can I afford Midland?
To live comfortably in Midland (zip 79705), Texas, a minimum annual income of
$57,600 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Midland?
79705 Midland, TX is a great place to live with a relatively low cost of living. The average cost of living index for the city is at 94.4, which is 6.6 points lower than the US national average of 101. This means that overall, goods and services are more affordable in Midland than other parts of the country. The median home cost is around $169,500 which is much lower than the national median of $231,200, making it an attractive option for potential buyers looking for an affordable place to live. Additionally, groceries and utilities are also relatively cheaper in 79705 Midland compared to other cities due to its location and lack of big-city overhead costs like taxes and fees.