Cost of living in Childress 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 Childress 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 Childress is 80, with 100 being the average.
The cost of living index in Childress is 0.8x lower than the national average.
Childress ranks as the #56 cheapest in Texas out of 405.
Childress ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Childress is $77,600.
The median income in Childress is $47,308.
According to the most recent data on the cost of living, Childress has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Texas, Childress has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Childress ranks as #56 most affordable out of the 405 places we measured in Texas. By definition, that implies Childress ranks as the #349 most expensive place in the Lone Star State.
For more reading on life in Childress, check out:
Six factors go into calculating the cost of living index in Childress. Here is how it fairs on each of the criteria:
The Services index in Childress is 97.
The Groceries index in Childress is 89.
The Health index in Childress is 110.
The Housing index in Childress is 49.
The Transportation index in Childress is 93.
The Utilities index in Childress is 92.
Living Expense | Childress | Texas | National Average | |
---|---|---|---|---|
Overall | 80 | 92 | 100 | |
Services | 97 | 96 | 100 | |
Groceries | 89 | 93 | 100 | |
Health | 110 | 93 | 100 | |
Housing | 49 | 84 | 100 | |
Transportation | 93 | 92 | 100 | |
Utilities | 92 | 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 Childress is $77,600.
The Median Rent in Childress is $781.
The Median Income in Childress is $47,308.
The Home Value To Income in Childress is 1.6x.
The Rent To Monthly Income in Childress is 0.2x.
Statistic | Childress | Texas | United States |
---|---|---|---|
Median Home Value | $77,600 | $202,600 | $244,900 |
Median Rent | $781 | $1,146 | $1,163 |
Median Income | $47,308 | $67,321 | $69,021 |
Home Value To Income | 1.6x | 3.0x | 3.5x |
Rent To Monthly Income | 0.2x | 0.2x | 0.2x |