Cost of Living in Lovelady, TX
Housing
The housing market plays a significant role in determining the cost of living in Lovelady, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $196,800
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
In Lovelady, TX, the real estate market appears to be enticing, with a median home price of 196800. However, it's crucial to consider that the housing index is currently at 98.2, suggesting a need for further examination of the rental market, as no data is available for average rent prices for both 2BR apartments and houses. This absence of rental data can indicate either a low demand in the rental market or inconsistencies in data reporting. Researching local amenities, schools, and community insights will further influence your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lovelady, 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 Lovelady, 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 Lovelady is a financially viable option for your relocation.