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: $0
• 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 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: 98.6

Median Income

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

• Median Income: $47528

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 Vernon, 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.