Cost of Living in Panhandle, TX
Housing
The housing market plays a significant role in determining the cost of living in Panhandle, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: Data is updating
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
Considering a move to Panhandle, TX? With a housing index of 98.2, it appears that affordability might be a significant concern. The median home price is currently sitting at $0, indicating a challenging market for home buyers. Additionally, there are no established average rent figures for a 2-bedroom apartment or house, reflecting potential gaps in the rental market or limited availability. Prospective residents should investigate further into local amenities, job opportunities, and community services to ensure that this location aligns with their living expectations and financial capabilities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Panhandle, 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 Panhandle, 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 Panhandle is a financially viable option for your relocation.