A
7%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Four Corners Texas National
Cost of living10792100
Goods & Services10196100
Groceries10096100
Health care9494100
Housing12783100
Transportation9092100
Utilities103104100

An Overview of Cost of Living in Four Corners, TX

Getting a feel for the cost of living in Four Corners is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Four Corners is 107, which is 7% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

In Four Corners, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Four Corners will resemble that of an average city, contributing to a manageable cost of living.

Housing costs significantly influence the Four Corners cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 27.5%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Four Corners Affordable?

Is Four Corners affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Four Corners, for instance, where the median home price falls 7.3% higher than the national average, and monthly rent rates are 74.6% higher than usual. Additionally, median income levels contribute to the equation, with Four Corners flaunting a median household income of $65,640, 18.7% higher than the national norm.

What Factors can Influence the Cost of Living in Four Corners?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Four Corners, healthcare costs are 6.1% lower than the national average.

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Four Corners, the housing index is 27.5% higher than the national average.

Where is the Data From?

The Four Corners cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Four Corners is 16% higher than the Texas average
  • The cost of living in Four Corners is 7% higher than the national average
  • Four Corners housing is 27% higher than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Four Corners

See all the best places to live around Four Corners

Compare Four Corners, TX Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$87,699$7,308$2,046$2,631
      Renters$55,542$4,629$1,296$1,666
      A good indicator of the general affordability of housing in Four Corners, TX, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Four Corners, the median monthly income is $87,699 for those who own their own homes. Under the standard rule, that income level would allow for $2,046 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $55,542, per the median income in the area. That would allow for renters to spend up to $1,296 on monthly rental expenses.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Goods & Services

      Item Four Corners National avg. Difference
      Haircut $20.33$24.2616.2%
      Beauty Salon $47.38$45.564.0%
      Toothpaste $3.48$3.706.1%
      Shampoo $1.22$1.285.0%
      Movie $12.19$12.130.4%
      Bowling $15.83$18.0012.0%

      Groceries

      Item Four Corners National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.4%
      Milk $4.55$4.672.5%
      Potatoes $5.00$4.931.4%
      Pizza $11.82$12.092.2%
      Beer $10.38$10.410.3%

      Health Care

      Item Four Corners National avg. Difference
      Optometrist $125.98$125.680.2%
      Doctor $90.89$135.7833.1%
      Dentist $108.10$113.294.6%
      Ibuprofen $10.46$10.651.8%
      Lipitor $503.40$468.607.4%

      Housing

      Item Four Corners National avg. Difference
      Home Price $198,100.00$184,700.007.3%
      Avg. Mortgage Payment $2,055.86$2,346.6912.4%
      Apartment Rent $1,657.00$949.0074.6%

      Transportation

      Item Four Corners National avg. Difference
      Gasoline $3.14$3.469.1%
      Tire Balancing $56.62$59.925.5%

      Utilities

      Item Four Corners National avg. Difference
      All Electricity $233.43$193.9920.3%
      Phone $208.71$192.258.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fifth Street, TX2,1798218.3%
      Arcola, TX2,541928.0%
      Richmond, TX12,592982.3%
      Thompsons, TX292981.6%
      Rosenberg, TX37,8161000.4%
      Four Corners, TX11,6341077.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Largo, MD11,63312625.9%
      Lethbridge County, AB11,635n/a 
      Wyandanch, NY11,63212726.6%
      Mango, FL11,638936.9%
      Beachwood, OH11,62711817.6%
      Four Corners, TX11,6341077.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.