Cost of Living in Vernon, TX
Housing
The housing market plays a significant role in determining the cost of living in Vernon, TX.
- Housing Index: 95.4 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1365 per month
Considering a move to Vernon, TX? The housing index of 95.4 indicates affordability slightly below the national average, making it an attractive option for budget-conscious buyers. With an average rent of 1200 for a 2-bedroom apartment and 1365 for a house, renting remains quite accessible. Notably, the absence of a median home price could be a reflection of other economic conditions or a fast-evolving real estate market. Moving forward, it’s crucial to weigh your preferences for renting versus buying and explore local amenities as well.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Vernon, 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.): $210 per month
Living in Vernon, 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 $210 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 Vernon is a financially viable option for your relocation.