Mercedes, TX Cost Of Living
Cost Of Living In Mercedes, TX Summary
Cost of living in Mercedes 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 Mercedes 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 Mercedes is 69, with 100 being the average.
The cost of living index in Mercedes is 0.7x lower than the national average.
Mercedes ranks as the #4 cheapest in Texas out of 405.
Mercedes ranks as the #4 cheapest out of 6,412 in the US.
The median home value in Mercedes is $84,100.
The median income in Mercedes is $36,325.
Table Of Contents
Mercedes's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Mercedes, TX?
According to the most recent data on the cost of living, Mercedes has an overall cost of living index of 69, which is 0.7x lower than the national index of 100.
Compared to Texas, Mercedes has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Mercedes ranks as #4 most affordable out of the 405 places we measured in Texas. By definition, that implies Mercedes ranks as the #401 most expensive place in the Lone Star State.
For more reading on life in Mercedes, check out:
- Living In Mercedes
- Mercedes Crime Report
- Search Homes For Sale In Mercedes, TX
In Texas
In America
Mercedes Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Mercedes. Here is how it fairs on each of the criteria:
The Services index in Mercedes is 73.
The Groceries index in Mercedes is 80.
The Health index in Mercedes is 83.
The Housing index in Mercedes is 38.
The Transportation index in Mercedes is 90.
The Utilities index in Mercedes is 106.
| Living Expense | Mercedes | Texas | National Average | |
|---|---|---|---|---|
| Overall | 69 | 92 | 100 | |
| Services | 73 | 96 | 100 | |
| Groceries | 80 | 93 | 100 | |
| Health | 83 | 93 | 100 | |
| Housing | 38 | 84 | 100 | |
| Transportation | 90 | 92 | 100 | |
| Utilities | 106 | 104 | 100 | |
Mercedes, 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 Mercedes is $84,100.
The Median Rent in Mercedes is $564.
The Median Income in Mercedes is $36,325.
The Home Value To Income in Mercedes is 2.3x.
The Rent To Monthly Income in Mercedes is 0.19x.
| Statistic | Mercedes | Texas | United States |
|---|---|---|---|
| Median Home Value | $84,100 | $202,600 | $244,900 |
| Median Rent | $564 | $1,146 | $1,163 |
| Median Income | $36,325 | $67,321 | $69,021 |
| Home Value To Income | 2.3x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Mercedes, TX Costs By Category
Detailed Mercedes Services Costs Vs. Texas
Detailed Mercedes Groceries Costs Vs. Texas
Detailed Mercedes Health Costs Vs. Texas
Detailed Mercedes Transportation Costs Vs. Texas
Detailed Mercedes Utilities Costs Vs. Texas
Mercedes SnackAbility
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Cost Of Living In Cities Around Mercedes
The cost of living varies in the cities and towns around Mercedes. Here's a quick look at the cost of living in the most populous nearby places:
Edinburg, TX has a cost of living index of 81, 1.2x Mercedes.
Pharr, TX has a cost of living index of 75, 1.1x Mercedes.
Harlingen, TX has a cost of living index of 75, 1.1x Mercedes.
| City | Population | Cost Of Living | Vs. Mercedes |
|---|---|---|---|
| Edinburg, TX | 98,759 | 81 | 1.2x |
| Pharr, TX | 78,997 | 75 | 1.1x |
| Harlingen, TX | 71,124 | 75 | 1.1x |
| Weslaco, TX | 40,393 | 74 | 1.1x |
| San Benito, TX | 24,812 | 70 | 1.0x |
| Alamo, TX | 19,644 | 75 | 1.1x |
| Donna, TX | 16,743 | 70 | 1.0x |
