Cost of Living in Mcallen, TX
Housing
The housing market plays a significant role in determining the cost of living in Mcallen, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $243,000
- Average Rent (2 BR Apartment): $1100 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Mcallen, TX? With a housing index of 85.0, the cost of living remains relatively affordable. The median home price is at 243000, making homeownership viable for many first-time buyers. Additionally, rental options are moderate, with average rents for a 2-bedroom apartment at 1100 and a house at 1200. Keep in mind that lower housing indices like this often reflect community growth, promising potential appreciation. Overall, Mcallen presents a balanced opportunity for both renting and purchasing properties.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mcallen, 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.): $250 per month
Living in Mcallen, 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 $250 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 Mcallen is a financially viable option for your relocation.