Cheapest Place to Live in Texas

Are you thinking to buy a home in Texas? If so, for your help, we have explored some of the cheapest place to live in Texas with the lowest cost of living based on factors such as population, median home prices, average rent, average effective property tax rate, estimated living wage, and cost of living index, which also includes transportation and groceries. Despite the fact that many rural areas appear to be less expensive on paper, we have to take into account the fact that because these areas are sometimes farther from lucrative employment opportunities, moving to them may be more expensive.

Texas is the fifth-cheapest state in USA to purchase a home. Texas is one of the most affordable states to buy a home in, according to the report, with a cost of living index of 92.1 and a median household income of $75,100. According to Texas Realtors, the typical home value in Texas increased by 18.6% from the first quarter of 2021 to $325,000 in the first quarter of 2022.

Illinois, Oklahoma, and Ohio round out the top three most affordable states in America, with Tennessee being the least expensive state in which to purchase a property. Oregon tops the list of most expensive states to buy a house in, followed by New Mexico, Alaska, Utah, and Hawaii. Here are some of the cheapest place to live in Texas based on cost of living:

1. Pecos

The Texas town of Pecos is a small one and is situated not far from the New Mexico border. A river and a desert around Pecos. Small-town pleasure abounds in Pecos, including the Pecos Boot Trail, a public art initiative that winds through the heart of the city. There are also scenic hiking routes and museums, most of which focus on the rodeo lifestyle.

Pecos being the least expensive city in Texas is compelling. The typical home value in the Pecos is $54,200, yet the average monthly rent is merely $550. Pecos might be the ideal place for you to relocate with its culture, natural beauty, and economical cities.

2. Breckenridge

With only 6,000 residents, Breckenridge is a small town in North Central Texas. With its ideal location between three magnificent lakes and a wealth of local hunting options, Breckenridge is strong on outdoor activity. The cost of all that natural beauty is more than fair. Breckenridge's cost of living is 25% lower than the national average, making it potentially the most affordable city in Texas. Breckenridge's typical home value is only $66,900, far less than either the Texas state median or the US median.

3. Wichita Falls

The cheapest place to buy a house in Texas is Wichita Falls. The "world's smallest skyscraper," which was constructed in this city in 1919, is well-known. Lake Wichita Park offers hiking and biking for your enjoyment. A golf course, a duck pond, and picnic spaces may be found at Lucy Park. There are both public and private schools. Bachelor's and master's degrees are available from some colleges. The Skylark van service, intercity buses, and airports are all available to the public. The lengthy, sultry summers and chilly winters are experienced by the locals. In Wichita Falls, the average cost of a home is $116,290.

4. Brownsville

A city in South Texas, Brownsville is close to the Mexican border. Numerous homes and locations of fighting throughout the city serve as reminders of the American Civil War. Numerous top-ranked public schools in Texas are located in the city. The city has hospitals, fire stations, and police stations. Winters are brief and dry, whereas summers are hot and long. Gladys Porter Zoo, Palo Alto Battlefield National Historical Park, and Resaca De La Palma State Park are some of Brownsville's well-known attractions. Brownsville's typical home cost is $118,205.

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