Midland, TX Cost Of Living
Cost Of Living In Midland, TX Summary
Cost of living in Midland 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 Midland 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 Midland is 102, with 100 being the average.
The cost of living index in Midland is 1.0x higher than the national average.
Midland ranks as the #330 cheapest in Texas out of 405.
Midland ranks as the #3,380 cheapest out of 6,412 in the US.
The median home value in Midland is $250,300.
The median income in Midland is $87,900.
Table Of Contents
Midland's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Midland, TX?
According to the most recent data on the cost of living, Midland has an overall cost of living index of 102, which is 1.0x higher than the national index of 100.
Compared to Texas, Midland has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Midland ranks as #330 most affordable out of the 405 places we measured in Texas. By definition, that implies Midland ranks as the #75 most expensive place in the Lone Star State.
For more reading on life in Midland, check out:
- Living In Midland
- Midland Crime Report
- Search Homes For Sale In Midland, TX
In Texas
In America
Midland Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Midland. Here is how it fairs on each of the criteria:
The Services index in Midland is 108.
The Groceries index in Midland is 89.
The Health index in Midland is 101.
The Housing index in Midland is 104.
The Transportation index in Midland is 97.
The Utilities index in Midland is 98.
| Living Expense | Midland | Texas | National Average | |
|---|---|---|---|---|
| Overall | 102 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 89 | 93 | 100 | |
| Health | 101 | 93 | 100 | |
| Housing | 104 | 84 | 100 | |
| Transportation | 97 | 92 | 100 | |
| Utilities | 98 | 104 | 100 | |
Midland, 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 Midland is $250,300.
The Median Rent in Midland is $1,273.
The Median Income in Midland is $87,900.
The Home Value To Income in Midland is 2.8x.
The Rent To Monthly Income in Midland is 0.17x.
| Statistic | Midland | Texas | United States |
|---|---|---|---|
| Median Home Value | $250,300 | $202,600 | $244,900 |
| Median Rent | $1,273 | $1,146 | $1,163 |
| Median Income | $87,900 | $67,321 | $69,021 |
| Home Value To Income | 2.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Midland, TX Costs By Category
Detailed Midland Services Costs Vs. Texas
Detailed Midland Groceries Costs Vs. Texas
Detailed Midland Health Costs Vs. Texas
Detailed Midland Transportation Costs Vs. Texas
Detailed Midland Utilities Costs Vs. Texas
Midland SnackAbility
/10
Cost Of Living In Cities Around Midland
The cost of living varies in the cities and towns around Midland. 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, 0.9x Midland.
West Odessa, TX has a cost of living index of 84, 0.8x Midland.
Big Spring, TX has a cost of living index of 87, 0.9x Midland.
| City | Population | Cost Of Living | Vs. Midland |
|---|---|---|---|
| Odessa, TX | 112,640 | 90 | 0.9x |
| West Odessa, TX | 31,927 | 84 | 0.8x |
| Big Spring, TX | 26,199 | 87 | 0.9x |
| Andrews, TX | 13,234 | 90 | 0.9x |
