Melissa, TX Cost Of Living
Cost Of Living In Melissa, TX Summary
Cost of living in Melissa research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Melissa is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Melissa is 116, with 100 being the average.
The cost of living index in Melissa is 1.2x higher than the national average.
Melissa ranks as the #374 cheapest in Texas out of 405.
Melissa ranks as the #4,558 cheapest out of 6,412 in the US.
The median home value in Melissa is $328,600.
The median income in Melissa is $127,391.
Table Of Contents
Melissa's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Melissa, TX?
According to the most recent data on the cost of living, Melissa has an overall cost of living index of 116, which is 1.2x higher than the national index of 100.
Compared to Texas, Melissa has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in Melissa ranks as #374 most affordable out of the 405 places we measured in Texas. By definition, that implies Melissa ranks as the #31 most expensive place in the Lone Star State.
For more reading on life in Melissa, check out:
- Living In Melissa
- Melissa Crime Report
- Search Homes For Sale In Melissa, TX
In Texas
In America
Melissa Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Melissa. Here is how it fairs on each of the criteria:
The Services index in Melissa is 114.
The Groceries index in Melissa is 97.
The Health index in Melissa is 77.
The Housing index in Melissa is 140.
The Transportation index in Melissa is 99.
The Utilities index in Melissa is 111.
| Living Expense | Melissa | Texas | National Average | |
|---|---|---|---|---|
| Overall | 116 | 92 | 100 | |
| Services | 114 | 96 | 100 | |
| Groceries | 97 | 93 | 100 | |
| Health | 77 | 93 | 100 | |
| Housing | 140 | 84 | 100 | |
| Transportation | 99 | 92 | 100 | |
| Utilities | 111 | 104 | 100 | |
Melissa, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Melissa is $328,600.
The Median Rent in Melissa is $2,037.
The Median Income in Melissa is $127,391.
The Home Value To Income in Melissa is 2.6x.
The Rent To Monthly Income in Melissa is 0.19x.
| Statistic | Melissa | Texas | United States |
|---|---|---|---|
| Median Home Value | $328,600 | $202,600 | $244,900 |
| Median Rent | $2,037 | $1,146 | $1,163 |
| Median Income | $127,391 | $67,321 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Melissa, TX Costs By Category
Detailed Melissa Services Costs Vs. Texas
Detailed Melissa Groceries Costs Vs. Texas
Detailed Melissa Health Costs Vs. Texas
Detailed Melissa Transportation Costs Vs. Texas
Detailed Melissa Utilities Costs Vs. Texas
Melissa SnackAbility
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Cost Of Living In Cities Around Melissa
The cost of living varies in the cities and towns around Melissa. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.0x Melissa.
Frisco, TX has a cost of living index of 120, 1.0x Melissa.
McKinney, TX has a cost of living index of 112, 1.0x Melissa.
| City | Population | Cost Of Living | Vs. Melissa |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.0x |
| Frisco, TX | 193,140 | 120 | 1.0x |
| McKinney, TX | 189,394 | 112 | 1.0x |
| Allen, TX | 102,778 | 110 | 0.9x |
| Murphy, TX | 20,655 | 127 | 1.1x |
| Anna, TX | 16,792 | 98 | 0.8x |
| Princeton, TX | 16,683 | 97 | 0.8x |
| Fairview, TX | 10,062 | 121 | 1.0x |
