Cost of living in Seminole 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 Seminole 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 Seminole is 89, with 100 being the average.
The cost of living index in Seminole is 0.9x lower than the national average.
Seminole ranks as the #193 cheapest in Texas out of 405.
Seminole ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Seminole is $127,200.
The median income in Seminole is $66,128.
According to the most recent data on the cost of living, Seminole has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Texas, Seminole has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Seminole ranks as #193 most affordable out of the 405 places we measured in Texas. By definition, that implies Seminole ranks as the #212 most expensive place in the Lone Star State.
For more reading on life in Seminole, check out:
Six factors go into calculating the cost of living index in Seminole. Here is how it fairs on each of the criteria:
The Services index in Seminole is 110.
The Groceries index in Seminole is 89.
The Health index in Seminole is 100.
The Housing index in Seminole is 63.
The Transportation index in Seminole is 99.
The Utilities index in Seminole is 101.
Living Expense | Seminole | Texas | National Average | |
---|---|---|---|---|
Overall | 89 | 92 | 100 | |
Services | 110 | 96 | 100 | |
Groceries | 89 | 93 | 100 | |
Health | 100 | 93 | 100 | |
Housing | 63 | 84 | 100 | |
Transportation | 99 | 92 | 100 | |
Utilities | 101 | 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 Seminole is $127,200.
The Median Rent in Seminole is $839.
The Median Income in Seminole is $66,128.
The Home Value To Income in Seminole is 1.9x.
The Rent To Monthly Income in Seminole is 0.15x.
Statistic | Seminole | Texas | United States |
---|---|---|---|
Median Home Value | $127,200 | $202,600 | $244,900 |
Median Rent | $839 | $1,146 | $1,163 |
Median Income | $66,128 | $67,321 | $69,021 |
Home Value To Income | 1.9x | 3.0x | 3.5x |
Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Seminole. Here's a quick look at the cost of living in the most populous nearby places:
Hobbs, NM has a cost of living index of 88, 1.0x Seminole.
Andrews, TX has a cost of living index of 90, 1.0x Seminole.
Lovington, NM has a cost of living index of 86, 1.0x Seminole.
City | Population | Cost Of Living | Vs. Seminole |
---|---|---|---|
Hobbs, NM | 39,476 | 88 | 1.0x |
Andrews, TX | 13,234 | 90 | 1.0x |
Lovington, NM | 11,505 | 86 | 1.0x |
North Hobbs, NM | 6,148 | 96 | 1.1x |