Mineral Wells, TX, offers a cost of living below the nationwide average. The overall cost of living index is at 88, which is 12% lower than the national average of 100. This means residents can expect to spend less on most daily expenses compared to the average American. Lower costs in housing, utilities, transportation, and healthcare contribute to this more affordable lifestyle.
The cost of living in Mineral Wells, TX, offers a more affordable lifestyle compared to the nationwide average. Specifically, housing costs in Mineral Wells are 20% lower than the national average. This means that residents can expect to spend less on rent or mortgage payments, potentially freeing up funds for other necessities or savings. Groceries also provide a small respite from higher prices, with costs being 10% below the national average. This reduction can be particularly beneficial for families managing their grocery budgets.
Additionally, utilities in Mineral Wells are just 5% above the national average, which is a slight increase but remains relatively affordable. Transportation costs mirror the national average, with a 15% difference that neither significantly burdens nor greatly benefits residents. Healthcare costs in Mineral Wells are 12% below the average, providing some relief for medical expenses. Miscellaneous costs stand at 8% above the national average, but this remains a minor increase that can easily be managed. Overall, Mineral Wells offers a cost of living that is generally more favorable for budget-conscious individuals and families.
