Cost of living in Alamo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Alamo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Alamo is 75, with 100 being the average.
The cost of living index in Alamo is 0.8x lower than the national average.
Alamo ranks as the #19 cheapest in Texas out of 405.
Alamo ranks as the #35 cheapest out of 6,412 in the US.
The median home value in Alamo is $85,700.
The median income in Alamo is $44,403.
According to the most recent data on the cost of living, Alamo has an overall cost of living index of 75, which is 0.8x lower than the national index of 100.
Compared to Texas, Alamo has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Alamo ranks as #19 most affordable out of the 405 places we measured in Texas. By definition, that implies Alamo ranks as the #386 most expensive place in the Lone Star State.
For more reading on life in Alamo, check out:
Six factors go into calculating the cost of living index in Alamo. Here is how it fairs on each of the criteria:
The Services index in Alamo is 82.
The Groceries index in Alamo is 90.
The Health index in Alamo is 71.
The Housing index in Alamo is 44.
The Transportation index in Alamo is 90.
The Utilities index in Alamo is 101.
Living Expense | Alamo | Texas | National Average | |
---|---|---|---|---|
Overall | 75 | 92 | 100 | |
Services | 82 | 96 | 100 | |
Groceries | 90 | 93 | 100 | |
Health | 71 | 93 | 100 | |
Housing | 44 | 84 | 100 | |
Transportation | 90 | 92 | 100 | |
Utilities | 101 | 104 | 100 |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Alamo is $85,700.
The Median Rent in Alamo is $625.
The Median Income in Alamo is $44,403.
The Home Value To Income in Alamo is 1.9x.
The Rent To Monthly Income in Alamo is 0.17x.
Statistic | Alamo | Texas | United States |
---|---|---|---|
Median Home Value | $85,700 | $202,600 | $244,900 |
Median Rent | $625 | $1,146 | $1,163 |
Median Income | $44,403 | $67,321 | $69,021 |
Home Value To Income | 1.9x | 3.0x | 3.5x |
Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Alamo. Here's a quick look at the cost of living in the most populous nearby places:
McAllen, TX has a cost of living index of 79, 1.1x Alamo.
Edinburg, TX has a cost of living index of 81, 1.1x Alamo.
Mission, TX has a cost of living index of 79, 1.1x Alamo.
City | Population | Cost Of Living | Vs. Alamo |
---|---|---|---|
McAllen, TX | 141,941 | 79 | 1.1x |
Edinburg, TX | 98,759 | 81 | 1.1x |
Mission, TX | 85,311 | 79 | 1.1x |
Pharr, TX | 78,997 | 75 | 1.0x |
Weslaco, TX | 40,393 | 74 | 1.0x |
San Juan, TX | 35,384 | 76 | 1.0x |
Alton, TX | 17,993 | 77 | 1.0x |
Donna, TX | 16,743 | 70 | 0.9x |
Mercedes, TX | 16,274 | 69 | 0.9x |
Hidalgo, TX | 13,939 | 77 | 1.0x |