Housing costs in New Ulm?
A typical home costs
$441,900, which is 30.7% more expensive than the national average of
$338,100 and 48.5% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in New Ulm costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$1,280.
Can I afford New Ulm?
To live comfortably in New Ulm (zip 78950), Texas, a minimum annual income of
$84,600 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about New Ulm?
The cost of living in 78950 New Ulm, TX is quite low compared to the national average. According to bestplaces.net, the overall cost of living index in New Ulm is 85.4, which is 15% lower than the United States average. The biggest factors leading to this lower cost of living are housing costs and the tax rate. The median home price in New Ulm is $246,900, which is significantly less expensive than other parts of Texas and the nation as a whole. Additionally, sales taxes are at 8%, which is below the US average and provides an additional saving for residents.