Housing costs in Tyler?
A typical home costs
$324,300, which is 4.1% less expensive than the national average of
$338,100 and 9.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Tyler costs
$1,270 per month, which is 0.8% cheaper than the national average of
$1,280 and 11.0% more than the state average of
$1,130.
Can I afford Tyler?
To live comfortably in Tyler (zip 75703), Texas, a minimum annual income of
$62,280 for a family, and
$41,600 for a single person is recommended.
What does A.I. say about Tyler?
The cost of living in Tyler, TX (zip code 75703) is relatively low compared to other parts of Texas. The median home price in the area is $194,400, while the median household income is $54,937. The overall cost of living index for Tyler is 87.6, which is 13% lower than the national average and 12% below the state average. This means that necessities like groceries, healthcare services, and utilities are more affordable when compared to other areas in Texas. Additionally, housing expenses tend to be lower due to a large selection of single-family homes at affordable prices. In short, Tyler provides residents with an excellent quality of life while maintaining an affordable cost of living.