Cost of Living in Monahans, TX

Housing

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

• Housing Index: 92.0 / 100
• Median Home Price is: $195000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1344 per month

Considering a move to Monahans, TX? With a housing index of 92.0, it's evident that this market is more affordable than the national average. The median home price of 195000 coupled with an average rent of 1200 for a two-bedroom apartment and 1344 for a house suggests various living options for individuals or families. Moreover, lower housing costs can aid in maintaining a balanced budget, and investing in property could yield positive returns in the long term given recent trends in housing appreciation in the region.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Monahans, 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 Monahans, 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 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: 95.3

Median Income

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

• Median Income: $75425

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 Monahans, 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.