Kermit, TX Cost Of Living
Cost Of Living In Kermit, TX Summary
Cost of living in Kermit 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 Kermit 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 Kermit is 80, with 100 being the average.
The cost of living index in Kermit is 0.8x lower than the national average.
Kermit ranks as the #56 cheapest in Texas out of 405.
Kermit ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Kermit is $82,100.
The median income in Kermit is $63,871.
Table Of Contents
Kermit's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Kermit, TX?
According to the most recent data on the cost of living, Kermit has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Texas, Kermit has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Kermit ranks as #56 most affordable out of the 405 places we measured in Texas. By definition, that implies Kermit ranks as the #349 most expensive place in the Lone Star State.
For more reading on life in Kermit, check out:
- Living In Kermit
- Kermit Crime Report
- Search Homes For Sale In Kermit, TX
In Texas
In America
Kermit Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Kermit. Here is how it fairs on each of the criteria:
The Services index in Kermit is 97.
The Groceries index in Kermit is 90.
The Health index in Kermit is 102.
The Housing index in Kermit is 41.
The Transportation index in Kermit is 97.
The Utilities index in Kermit is 100.
| Living Expense | Kermit | Texas | National Average | |
|---|---|---|---|---|
| Overall | 80 | 92 | 100 | |
| Services | 97 | 96 | 100 | |
| Groceries | 90 | 93 | 100 | |
| Health | 102 | 93 | 100 | |
| Housing | 41 | 84 | 100 | |
| Transportation | 97 | 92 | 100 | |
| Utilities | 100 | 104 | 100 | |
Kermit, 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 Kermit is $82,100.
The Median Rent in Kermit is $907.
The Median Income in Kermit is $63,871.
The Home Value To Income in Kermit is 1.3x.
The Rent To Monthly Income in Kermit is 0.17x.
| Statistic | Kermit | Texas | United States |
|---|---|---|---|
| Median Home Value | $82,100 | $202,600 | $244,900 |
| Median Rent | $907 | $1,146 | $1,163 |
| Median Income | $63,871 | $67,321 | $69,021 |
| Home Value To Income | 1.3x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Kermit, TX Costs By Category
Detailed Kermit Services Costs Vs. Texas
Detailed Kermit Groceries Costs Vs. Texas
Detailed Kermit Health Costs Vs. Texas
Detailed Kermit Transportation Costs Vs. Texas
Detailed Kermit Utilities Costs Vs. Texas
Kermit SnackAbility
/10
Cost Of Living In Cities Around Kermit
The cost of living varies in the cities and towns around Kermit. Here's a quick look at the cost of living in the most populous nearby places:
Odessa, TX has a cost of living index of 90, 1.1x Kermit.
West Odessa, TX has a cost of living index of 84, 1.1x Kermit.
Andrews, TX has a cost of living index of 90, 1.1x Kermit.
| City | Population | Cost Of Living | Vs. Kermit |
|---|---|---|---|
| Odessa, TX | 112,640 | 90 | 1.1x |
| West Odessa, TX | 31,927 | 84 | 1.1x |
| Andrews, TX | 13,234 | 90 | 1.1x |
| Monahans, TX | 7,614 | 83 | 1.0x |
