Cost of Living in Gladewater, TX
Housing
The housing market plays a significant role in determining the cost of living in Gladewater, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $187,000
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
Based on the provided data for Gladewater, TX, it's important to note that the housing index is exceptionally low at 98.2, indicating a potentially undervalued market. The median home price stands at 187000, which seems attractive given the absence of rental costs averaging around 1563 for apartments and 1699 for houses. This suggests that buying property may be more financially viable than renting. However, be cautious as a low housing index might also indicate stagnant growth or low demand. Additional research into local amenities and job markets is crucial before making any final decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gladewater, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $235 per month
Living in Gladewater, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $235 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Gladewater is a financially viable option for your relocation.