Big Spring, TX Cost Of Living
Cost Of Living In Big Spring, TX Summary
Cost of living in Big Spring 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 Big Spring 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 Big Spring is 87, with 100 being the average.
The cost of living index in Big Spring is 0.9x lower than the national average.
Big Spring ranks as the #165 cheapest in Texas out of 405.
Big Spring ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Big Spring is $117,400.
The median income in Big Spring is $58,966.
Table Of Contents
Big Spring's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Big Spring, TX?
According to the most recent data on the cost of living, Big Spring has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Texas, Big Spring has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Big Spring ranks as #165 most affordable out of the 405 places we measured in Texas. By definition, that implies Big Spring ranks as the #240 most expensive place in the Lone Star State.
For more reading on life in Big Spring, check out:
- Living In Big Spring
- Big Spring Crime Report
- Search Homes For Sale In Big Spring, TX
In Texas
In America
Big Spring Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Big Spring. Here is how it fairs on each of the criteria:
The Services index in Big Spring is 107.
The Groceries index in Big Spring is 91.
The Health index in Big Spring is 101.
The Housing index in Big Spring is 56.
The Transportation index in Big Spring is 99.
The Utilities index in Big Spring is 101.
| Living Expense | Big Spring | Texas | National Average | |
|---|---|---|---|---|
| Overall | 87 | 92 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 91 | 93 | 100 | |
| Health | 101 | 93 | 100 | |
| Housing | 56 | 84 | 100 | |
| Transportation | 99 | 92 | 100 | |
| Utilities | 101 | 104 | 100 | |
Big Spring, 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 Big Spring is $117,400.
The Median Rent in Big Spring is $893.
The Median Income in Big Spring is $58,966.
The Home Value To Income in Big Spring is 2.0x.
The Rent To Monthly Income in Big Spring is 0.18x.
| Statistic | Big Spring | Texas | United States |
|---|---|---|---|
| Median Home Value | $117,400 | $202,600 | $244,900 |
| Median Rent | $893 | $1,146 | $1,163 |
| Median Income | $58,966 | $67,321 | $69,021 |
| Home Value To Income | 2.0x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Big Spring, TX Costs By Category
Detailed Big Spring Services Costs Vs. Texas
| Item | Big Spring | Texas |
|---|---|---|
| Shampoo | $0.92 | $1.06 |
| Movie | $10.94 | $10.68 |
| Bowling | $17.67 | $14.67 |
| Haircut | $22.0 | $18.62 |
| Beauty Salon | $33.61 | $39.05 |
Detailed Big Spring Groceries Costs Vs. Texas
| Item | Big Spring | Texas |
|---|---|---|
| Ground Beef | $3.99 | $4.22 |
| Fried Chicken | $1.16 | $1.39 |
| Milk | $1.51 | $2.05 |
| Potatoes | $2.55 | $3.29 |
| Pizza | $13.99 | $10.62 |
| Beer | $10.27 | $9.38 |
| Toothpaste | $1.97 | $2.34 |
Detailed Big Spring Health Costs Vs. Texas
| Item | Big Spring | Texas |
|---|---|---|
| Optometrist | $103.22 | $108.57 |
| Doctor | $98.67 | $116.17 |
| Dentist | $109.17 | $99.13 |
Detailed Big Spring Transportation Costs Vs. Texas
| Item | Big Spring | Texas |
|---|---|---|
| Gasoline | $2.03 | $2.22 |
| Tire Balancing | $55.11 | $50.07 |
Detailed Big Spring Utilities Costs Vs. Texas
| Item | Big Spring | Texas |
|---|---|---|
| All Electricity | $165.0 | $167.67 |
| Phone | $184.35 | $175.64 |
Big Spring SnackAbility
/10
Cost Of Living In Cities Around Big Spring
The cost of living varies in the cities and towns around Big Spring. Here's a quick look at the cost of living in the most populous nearby places:
Midland, TX has a cost of living index of 102, 1.2x Big Spring.
Snyder, TX has a cost of living index of 83, 1.0x Big Spring.
| City | Population | Cost Of Living | Vs. Big Spring |
|---|---|---|---|
| Midland, TX | 130,765 | 102 | 1.2x |
| Snyder, TX | 11,366 | 83 | 1.0x |
