Cost of living in Pecos 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 Pecos 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 Pecos is 78, with 100 being the average.
The cost of living index in Pecos is 0.8x lower than the national average.
Pecos ranks as the #37 cheapest in Texas out of 405.
Pecos ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Pecos is $90,800.
The median income in Pecos is $47,478.
According to the most recent data on the cost of living, Pecos has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Texas, Pecos has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Pecos ranks as #37 most affordable out of the 405 places we measured in Texas. By definition, that implies Pecos ranks as the #368 most expensive place in the Lone Star State.
For more reading on life in Pecos, check out:
Six factors go into calculating the cost of living index in Pecos. Here is how it fairs on each of the criteria:
The Services index in Pecos is 93.
The Groceries index in Pecos is 92.
The Health index in Pecos is 101.
The Housing index in Pecos is 40.
The Transportation index in Pecos is 96.
The Utilities index in Pecos is 97.
Living Expense | Pecos | Texas | National Average | |
---|---|---|---|---|
Overall | 78 | 92 | 100 | |
Services | 93 | 96 | 100 | |
Groceries | 92 | 93 | 100 | |
Health | 101 | 93 | 100 | |
Housing | 40 | 84 | 100 | |
Transportation | 96 | 92 | 100 | |
Utilities | 97 | 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 Pecos is $90,800.
The Median Rent in Pecos is $836.
The Median Income in Pecos is $47,478.
The Home Value To Income in Pecos is 1.9x.
The Rent To Monthly Income in Pecos is 0.21x.
Statistic | Pecos | Texas | United States |
---|---|---|---|
Median Home Value | $90,800 | $202,600 | $244,900 |
Median Rent | $836 | $1,146 | $1,163 |
Median Income | $47,478 | $67,321 | $69,021 |
Home Value To Income | 1.9x | 3.0x | 3.5x |
Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Pecos. Here's a quick look at the cost of living in the most populous nearby places:
Monahans, TX has a cost of living index of 83, 1.1x Pecos.
City | Population | Cost Of Living | Vs. Pecos |
---|---|---|---|
Monahans, TX | 7,614 | 83 | 1.1x |