Cost of living in Pharr 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 Pharr 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 Pharr is 75, with 100 being the average.
The cost of living index in Pharr is 0.8x lower than the national average.
Pharr ranks as the #19 cheapest in Texas out of 405.
Pharr ranks as the #35 cheapest out of 6,412 in the US.
The median home value in Pharr is $85,600.
The median income in Pharr is $39,606.
According to the most recent data on the cost of living, Pharr has an overall cost of living index of 75, which is 0.8x lower than the national index of 100.
Compared to Texas, Pharr has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Pharr ranks as #19 most affordable out of the 405 places we measured in Texas. By definition, that implies Pharr ranks as the #386 most expensive place in the Lone Star State.
For more reading on life in Pharr, check out:
Six factors go into calculating the cost of living index in Pharr. Here is how it fairs on each of the criteria:
The Services index in Pharr is 81.
The Groceries index in Pharr is 91.
The Health index in Pharr is 70.
The Housing index in Pharr is 49.
The Transportation index in Pharr is 90.
The Utilities index in Pharr is 104.
Living Expense | Pharr | Texas | National Average | |
---|---|---|---|---|
Overall | 75 | 92 | 100 | |
Services | 81 | 96 | 100 | |
Groceries | 91 | 93 | 100 | |
Health | 70 | 93 | 100 | |
Housing | 49 | 84 | 100 | |
Transportation | 90 | 92 | 100 | |
Utilities | 104 | 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 Pharr is $85,600.
The Median Rent in Pharr is $828.
The Median Income in Pharr is $39,606.
The Home Value To Income in Pharr is 2.2x.
The Rent To Monthly Income in Pharr is 0.25x.
Statistic | Pharr | Texas | United States |
---|---|---|---|
Median Home Value | $85,600 | $202,600 | $244,900 |
Median Rent | $828 | $1,146 | $1,163 |
Median Income | $39,606 | $67,321 | $69,021 |
Home Value To Income | 2.2x | 3.0x | 3.5x |
Rent To Monthly Income | 0.25x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Pharr. Here's a quick look at the cost of living in the most populous nearby places:
McAllen, TX has a cost of living index of 79, 1.1x Pharr.
Edinburg, TX has a cost of living index of 81, 1.1x Pharr.
Mission, TX has a cost of living index of 79, 1.1x Pharr.
City | Population | Cost Of Living | Vs. Pharr |
---|---|---|---|
McAllen, TX | 141,941 | 79 | 1.1x |
Edinburg, TX | 98,759 | 81 | 1.1x |
Mission, TX | 85,311 | 79 | 1.1x |
Weslaco, TX | 40,393 | 74 | 1.0x |
San Juan, TX | 35,384 | 76 | 1.0x |
Alamo, TX | 19,644 | 75 | 1.0x |
Alton, TX | 17,993 | 77 | 1.0x |
Donna, TX | 16,743 | 70 | 0.9x |
Mercedes, TX | 16,274 | 69 | 0.9x |
Hidalgo, TX | 13,939 | 77 | 1.0x |