Housing costs in Olney?
A typical home costs
$97,900, which is 71.0% less expensive than the national average of
$338,100 and 67.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Olney costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 50.6% cheaper than the state average of
$1,280.
Can I afford Olney?
To live comfortably in Olney (zip 76374), Texas, a minimum annual income of
$18,720 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Olney?
The cost of living in 76374 Olney, TX is relatively low compared to other cities in Texas. The median home cost has seen a slight decrease over the past year and is currently at around $54,500. Renting a one-bedroom apartment averages around $500 per month. Utilities and other services are also quite affordable. Food costs are slightly higher than the national average, but still remain within an affordable range for many households. Additionally, there are no state income taxes in Texas which helps to keep overall expenses down. In summary, living in 76374 Olney, TX is quite inexpensive when compared to other parts of Texas and the United States as a whole.