Housing costs in Rainbow?
A typical home costs
$387,000, which is 14.5% more expensive than the national average of
$338,100 and 30.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Rainbow costs
$840 per month, which is 34.4% cheaper than the national average of
$1,280 and 82.1% cheaper than the state average of
$1,530.
Can I afford Rainbow?
To live comfortably in Rainbow (zip 76077), Texas, a minimum annual income of
$74,160 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Rainbow?
The cost of living in Rainbow, TX 76077 is relatively low compared to other parts of the state. The median home value in this area is around $154,400 and the median rental price is approximately $1,084 per month. This area also has a significantly lower unemployment rate than the national average, which helps to keep costs of living down. In addition, taxes are low here as well, making it an attractive place for many people to live.