Cost of Living in Groves, TX

Housing

The housing market plays a significant role in determining the cost of living in Groves, TX.

• Housing Index: 0.0 / 100
• Median Home Price is: $174000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

When considering a move to Groves, TX, the housing data reveals a very favorable median home price of 174000. This low price point suggests an affordable entry into the housing market, even though the data indicates a housing index of 0.0. Residents can potentially expect attractive rental options given that both average rents for a 2-bedroom apartment and a house are listed as 0.0 and 0.0, respectively. Such affordability could indicate a relaxed lifestyle with more disposable income for leisure activities or savings. Always consider local amenities and community factors when deciding!

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Groves, TX.

• Electricity Price: 14.47 USD (median by state)
• Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $0.0 per month

Living in Groves, TX could entail higher utility costs. Electricity costs sit at 14.47, while natural gas is priced at 26.29 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 0.0 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $64737

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Groves, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.