Vernon, TX Cost Of Living
Cost Of Living In Vernon, TX Summary
Cost of living in Vernon 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 Vernon 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 Vernon is 78, with 100 being the average.
The cost of living index in Vernon is 0.8x lower than the national average.
Vernon ranks as the #37 cheapest in Texas out of 405.
Vernon ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Vernon is $71,600.
The median income in Vernon is $43,338.
Table Of Contents
Vernon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Vernon, TX?
According to the most recent data on the cost of living, Vernon has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Texas, Vernon has a cost of living index that's 0.8x lower than Texas's index of 92.
The standard of living in Vernon ranks as #37 most affordable out of the 405 places we measured in Texas. By definition, that implies Vernon ranks as the #368 most expensive place in the Lone Star State.
For more reading on life in Vernon, check out:
- Living In Vernon
- Vernon Crime Report
- Search Homes For Sale In Vernon, TX
In Texas
In America
Vernon Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Vernon. Here is how it fairs on each of the criteria:
The Services index in Vernon is 91.
The Groceries index in Vernon is 91.
The Health index in Vernon is 97.
The Housing index in Vernon is 43.
The Transportation index in Vernon is 87.
The Utilities index in Vernon is 110.
| Living Expense | Vernon | Texas | National Average | |
|---|---|---|---|---|
| Overall | 78 | 92 | 100 | |
| Services | 91 | 96 | 100 | |
| Groceries | 91 | 93 | 100 | |
| Health | 97 | 93 | 100 | |
| Housing | 43 | 84 | 100 | |
| Transportation | 87 | 92 | 100 | |
| Utilities | 110 | 104 | 100 | |
Vernon, 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 Vernon is $71,600.
The Median Rent in Vernon is $754.
The Median Income in Vernon is $43,338.
The Home Value To Income in Vernon is 1.7x.
The Rent To Monthly Income in Vernon is 0.21x.
| Statistic | Vernon | Texas | United States |
|---|---|---|---|
| Median Home Value | $71,600 | $202,600 | $244,900 |
| Median Rent | $754 | $1,146 | $1,163 |
| Median Income | $43,338 | $67,321 | $69,021 |
| Home Value To Income | 1.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Vernon, TX Costs By Category
Detailed Vernon Services Costs Vs. Texas
Detailed Vernon Groceries Costs Vs. Texas
Detailed Vernon Health Costs Vs. Texas
Detailed Vernon Transportation Costs Vs. Texas
Detailed Vernon Utilities Costs Vs. Texas
Vernon SnackAbility
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Cost Of Living In Cities Around Vernon
The cost of living varies in the cities and towns around Vernon. Here's a quick look at the cost of living in the most populous nearby places:
Wichita Falls, TX has a cost of living index of 83, 1.1x Vernon.
Altus, OK has a cost of living index of 83, 1.1x Vernon.
Lakeside, VA has a cost of living index of 99, 1.3x Vernon.
| City | Population | Cost Of Living | Vs. Vernon |
|---|---|---|---|
| Wichita Falls, TX | 102,563 | 83 | 1.1x |
| Altus, OK | 18,825 | 83 | 1.1x |
| Lakeside, VA | 12,690 | 99 | 1.3x |
| Burkburnett, TX | 10,851 | 84 | 1.1x |
