Amarillo, TX Cost Of Living
Cost Of Living In Amarillo, TX Summary
Cost of living in Amarillo 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 Amarillo 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 Amarillo is 82, with 100 being the average.
The cost of living index in Amarillo is 0.8x lower than the national average.
Amarillo ranks as the #76 cheapest in Texas out of 405.
Amarillo ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Amarillo is $148,500.
The median income in Amarillo is $55,174.
Table Of Contents
Amarillo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Amarillo, TX?
According to the most recent data on the cost of living, Amarillo has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Texas, Amarillo has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Amarillo ranks as #76 most affordable out of the 405 places we measured in Texas. By definition, that implies Amarillo ranks as the #329 most expensive place in the Lone Star State.
For more reading on life in Amarillo, check out:
- Living In Amarillo
- Amarillo Crime Report
- Search Homes For Sale In Amarillo, TX
In Texas
In America
Amarillo Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Amarillo. Here is how it fairs on each of the criteria:
The Services index in Amarillo is 91.
The Groceries index in Amarillo is 93.
The Health index in Amarillo is 89.
The Housing index in Amarillo is 72.
The Transportation index in Amarillo is 81.
The Utilities index in Amarillo is 92.
| Living Expense | Amarillo | Texas | National Average | |
|---|---|---|---|---|
| Overall | 82 | 92 | 100 | |
| Services | 91 | 96 | 100 | |
| Groceries | 93 | 93 | 100 | |
| Health | 89 | 93 | 100 | |
| Housing | 72 | 84 | 100 | |
| Transportation | 81 | 92 | 100 | |
| Utilities | 92 | 104 | 100 | |
Amarillo, TX Housing Cost Breakdown
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 Amarillo is $148,500.
The Median Rent in Amarillo is $928.
The Median Income in Amarillo is $55,174.
The Home Value To Income in Amarillo is 2.7x.
The Rent To Monthly Income in Amarillo is 0.2x.
| Statistic | Amarillo | Texas | United States |
|---|---|---|---|
| Median Home Value | $148,500 | $202,600 | $244,900 |
| Median Rent | $928 | $1,146 | $1,163 |
| Median Income | $55,174 | $67,321 | $69,021 |
| Home Value To Income | 2.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Amarillo, TX Costs By Category
Detailed Amarillo Services Costs Vs. Texas
Detailed Amarillo Groceries Costs Vs. Texas
Detailed Amarillo Health Costs Vs. Texas
Detailed Amarillo Transportation Costs Vs. Texas
Detailed Amarillo Utilities Costs Vs. Texas
Amarillo SnackAbility
/10
Cost Of Living In Cities Around Amarillo
The cost of living varies in the cities and towns around Amarillo. Here's a quick look at the cost of living in the most populous nearby places:
Hereford, TX has a cost of living index of 78, 1.0x Amarillo.
Canyon, TX has a cost of living index of 88, 1.1x Amarillo.
Dumas, TX has a cost of living index of 82, 1.0x Amarillo.
| City | Population | Cost Of Living | Vs. Amarillo |
|---|---|---|---|
| Hereford, TX | 15,043 | 78 | 1.0x |
| Canyon, TX | 14,669 | 88 | 1.1x |
| Dumas, TX | 14,565 | 82 | 1.0x |
| Borger, TX | 12,612 | 75 | 0.9x |
