Cost of Living in Madisonville, TX

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $204000
• Average Rent (2 BR Apartment): $880 per month
• Average Rent (2 BR House): $850 per month

When considering a move to Madisonville, TX, the housing market appears to be moderately priced. With a housing index of 85.0, it indicates a balanced market for buying and renting. The median home price of 204000 makes homeownership more attainable compared to many larger cities. Additionally, average rents for a 2-bedroom apartment at 880 and a house at 850 suggest affordability for newcomers. Overall, Madisonville offers reasonable housing options, ideal for both families and professionals looking for value without sacrificing quality of life.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madisonville, 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.): $200 per month

Living in Madisonville, 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 200 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: 91.2

Median Income

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

• Median Income: $62135

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 Madisonville, 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.