Kermit, TX, has a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the national average of 100. This means that, on average, residents in Kermit can expect to spend less on most goods and services compared to the rest of the country.
Specifically, housing costs in Kermit are 16% lower than the national average, while groceries and healthcare are only slightly below the average. Utilities, transportation, and miscellaneous expenses are all close to the national average, offering a balanced cost of living.
Kermit, TX, offers a cost of living that is notably lower than the nationwide average, which is set at 100. Housing costs in Kermit stand at 84, which is 16% below the national average. This makes it an attractive option for those looking to save on housing expenses. Additionally, groceries in Kermit are priced at 92, which is 2% lower than the average cost across the country. This slight difference can add up over time, making it easier for residents to manage their food budgets.
Utilities in Kermit are priced at 95, which is 5% below the national average. This small reduction can help residents save on their monthly expenses. Transportation costs are slightly above average at 96, but this is only a 4% increase. Healthcare costs in Kermit are at 90, which is 10% lower than the national average. This can be a significant benefit for those concerned about medical expenses. Miscellaneous costs are also lower, at 88, which is 12% below the average. Overall, Kermit offers a cost of living that is favorable for many, with several categories below the national average.
