Cost of Living in Knox city, TX
Housing
The housing market plays a significant role in determining the cost of living in Knox city, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $140,000
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
Considering the data for Knox city, TX, the housing index stands at 98.2, indicating a below-average affordability level for potential residents. The median home price of 140000 suggests a very accessible entry point for homeownership in the current market. Renting appears slightly higher, with average rents at 1563 for a 2-bedroom apartment and 1699 for a 2-bedroom house. These factors suggest a feasible investment for buyers, but renters may want to negotiate or explore more affordable neighborhoods. Overall, Knox city presents varied options for different lifestyles and budgets.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Knox city, 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 Knox city, 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 Knox city is a financially viable option for your relocation.