The cost of living index in Hockley, TX, shows that residents experience a slightly lower cost of living compared to the nationwide average. The overall index stands at 94, which is 6% below the national average of 100. This means that, on average, expenses in Hockley are more affordable, making it an attractive option for those looking to manage their budget effectively.
The cost of living index in Hockley, TX, shows a generally favorable comparison to the nationwide average, which is set at 100. Housing costs in Hockley stand at 90, indicating that residents spend 10% less on housing compared to the national average. This lower housing index can be a significant advantage for those looking to relocate or purchase a home in Hockley.
Other expenses also reflect a similar trend. Groceries in Hockley are priced at 95, which means they are 5% cheaper than the national average. Utilities, at 97, are slightly below the average, costing 3% less. Transportation costs are at 92, showing an 8% reduction compared to the nationwide average. Healthcare, at 98, is almost on par with the national average, with only a 2% increase. Miscellaneous expenses, at 96, are 4% lower than the national average. Overall, Hockley offers a cost of living that is competitive and often more affordable than the national average.
