The cost of living index in Mineral Wells, TX, is notably lower than the nationwide average of 100. Specifically, Mineral Wells scores 82 in housing, 88 in groceries, and 85 in miscellaneous expenses, making it an attractive option for budget-conscious individuals. Although utilities and healthcare are slightly above average, the overall lower cost in key areas provides a significant advantage.
The cost of living index in Mineral Wells, TX, reveals a notable contrast when compared to the nationwide average. Housing costs in Mineral Wells stand at 82, which is 18% below the national average. This suggests that residents can find more affordable housing options, making it an attractive area for those looking to save on living expenses.
In terms of groceries, Mineral Wells has an index of 88, which is 12% lower than the national average. This indicates that purchasing everyday food items is more economical here. Utilities in Mineral Wells are priced at 95, just 5% above the national average, showing minimal difference in this category. Transportation costs are at 90, which is 10% below the national average, offering savings for those who rely on personal vehicles. Healthcare costs are slightly higher, with an index of 97, which is 7% above the national average. Miscellaneous expenses in Mineral Wells are at 85, which is 15% lower than the national average, providing additional savings in various other areas. Overall, Mineral Wells offers a cost of living that is generally lower than the national average, making it a potentially attractive location for budget-conscious individuals.
