Cost of living in Corinth 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 Corinth 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 Corinth is 107, with 100 being the average.
The cost of living index in Corinth is 1.1x higher than the national average.
Corinth ranks as the #356 cheapest in Texas out of 405.
Corinth ranks as the #3,867 cheapest out of 6,412 in the US.
The median home value in Corinth is $283,000.
The median income in Corinth is $109,922.
According to the most recent data on the cost of living, Corinth has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Texas, Corinth has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Corinth ranks as #356 most affordable out of the 405 places we measured in Texas. By definition, that implies Corinth ranks as the #49 most expensive place in the Lone Star State.
For more reading on life in Corinth, check out:
Six factors go into calculating the cost of living index in Corinth. Here is how it fairs on each of the criteria:
The Services index in Corinth is 114.
The Groceries index in Corinth is 97.
The Health index in Corinth is 78.
The Housing index in Corinth is 109.
The Transportation index in Corinth is 99.
The Utilities index in Corinth is 111.
Living Expense | Corinth | Texas | National Average | |
---|---|---|---|---|
Overall | 107 | 92 | 100 | |
Services | 114 | 96 | 100 | |
Groceries | 97 | 93 | 100 | |
Health | 78 | 93 | 100 | |
Housing | 109 | 84 | 100 | |
Transportation | 99 | 92 | 100 | |
Utilities | 111 | 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 Corinth is $283,000.
The Median Rent in Corinth is $1,539.
The Median Income in Corinth is $109,922.
The Home Value To Income in Corinth is 2.6x.
The Rent To Monthly Income in Corinth is 0.17x.
Statistic | Corinth | Texas | United States |
---|---|---|---|
Median Home Value | $283,000 | $202,600 | $244,900 |
Median Rent | $1,539 | $1,146 | $1,163 |
Median Income | $109,922 | $67,321 | $69,021 |
Home Value To Income | 2.6x | 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 Corinth. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.1x Corinth.
Frisco, TX has a cost of living index of 120, 1.1x Corinth.
Carrollton, TX has a cost of living index of 105, 1.0x Corinth.
City | Population | Cost Of Living | Vs. Corinth |
---|---|---|---|
Plano, TX | 282,181 | 114 | 1.1x |
Frisco, TX | 193,140 | 120 | 1.1x |
Carrollton, TX | 131,388 | 105 | 1.0x |
Flower Mound, TX | 75,050 | 117 | 1.1x |
Lakewood, WA | 62,972 | 115 | 1.1x |
Grapevine, TX | 50,548 | 109 | 1.0x |
Keller, TX | 45,190 | 117 | 1.1x |
The Colony, TX | 43,489 | 102 | 1.0x |
Coppell, TX | 42,420 | 121 | 1.1x |
Southlake, TX | 30,754 | 150 | 1.4x |