Housing costs in Rankin?
A typical home costs
$112,300, which is 66.8% less expensive than the national average of
$338,100 and 62.3% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Rankin costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 54.2% cheaper than the state average of
$1,280.
Can I afford Rankin?
To live comfortably in Rankin (zip 79778), Texas, a minimum annual income of
$21,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Rankin?
Living in 79778 Rankin, TX is relatively affordable. The cost of living index is 83.6, which is lower than the national average of 100. This means that overall residents can expect to pay less for goods and services such as housing, food, transportation, and healthcare than they would on average in other cities across the United States. The median home value is $103,600 which is relatively low considering the median household income of $50,681 per year. This provides an excellent opportunity for homeownership at a fraction of what it might otherwise cost elsewhere. Additionally, groceries are 8% cheaper in Rankin compared to the average United States city, and with no state income tax or sales tax it’s easy to save even more when shopping around town. All in all, 79778 Rankin makes a great place to live for those who want to enjoy a low cost of living while still having access to all the amenities of larger cities nearby.