Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Located in the state of Texas, Electra is a small city with a population of 2,801 inhabitants. At 85%, the majority of the Electra population is White; this is followed by 3% American Indian and Alaskan and 2% Black. If you're not a fan of traffic congestion and long commute times to work, Electra is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 18 minutes, significantly lower than the national average of 26 minutes.
Are you trying to decide if living in Electra is the right fit for your lifestyle? To ensure a fulfilling experience before relocating to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Electra, AreaVibes has created a livability score using key metrics like cost of living, education, employment, housing and more.
Electra has a livability score of 67/100 and is ranked #522 in Texas and #9,936 in the USA. For each of the livability categories, we see that Electra ranks very well for crime (A+) and housing (A+). Electra does not rank well for the following: amenities (F) and employment (F). It might be a smart idea to take a closer look at each category to find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Electra is 25.91% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Electra a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
The unemployment rate in Electra has consistently declined over the years and currently stands well below the national average at 2.2%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Electra has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Electra is real estate affordability. Median real estate prices in Electra come in at $66,750, which is 74% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Electra, the home price to income ratio is 1.3, which is 59.4% lower than the Texas average.
| Statistic | Electra | Texas | National |
| Average one way commute | 18min | 26min | 26min |
| Workers who drive to work | 85.7% | 80.3% | 76.4% |
| Workers who carpool | 9.6% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.7% | 0.3% | 0.6% |
| Workers who walk | 1.2% | 1.6% | 2.8% |
| Working from home | 2.1% | 4.3% | 4.6% |
Here are the best places to live in Texas
These are the 10 cheapest cities in Texas
Check out the 10 safest cities in Texas
These are the largest cities in Texas