Farwell cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFarwellTexasNational
Cost of living index8691100
IndexFarwellTexasNational
Goods & Services index9493100
Groceries index9591100
Health care index9996100
Housing index6483100
Transportation index9294100
Utilities index101100100

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Did you know?

  • The cost of living in Farwell is 5% lower than the Texas average.
  • The cost of living in Farwell is 14% lower than the national average.
  • The cost of housing in Farwell is 36% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Farwell, TX Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,125$4,010$1,123$1,444
Renters$28,750$2,396$671$863

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%

Goods & Services

ItemFarwellNational avg.Difference
Haircut $13.78$16.0914.3%
Beauty Salon $43.13$37.3315.5%
Toothpaste $2.09$2.4514.7%
Shampoo $0.91$1.009.4%
Movie $9.13$10.2811.2%
Bowling $5.89$4.9319.4%

Groceries

ItemFarwellNational avg.Difference
Ground Beef $3.69$3.803.0%
Fried Chicken $1.13$1.4018.9%
Milk $1.99$2.011.0%
Potatoes $2.82$3.016.3%
Pizza $8.00$9.8919.1%
Beer $9.33$8.904.9%

Health Care

ItemFarwellNational avg.Difference
Optometrist $104.80$102.162.6%
Doctor $111.04$108.362.5%
Dentist $88.09$92.534.8%
Ibuprofen $8.98$9.283.2%
Lipitor $427.17$425.820.3%

Housing

ItemFarwellNational avg.Difference
Home Price $110,100.00$184,700.0040.4%
Avg. Mortgage Payment $1,006.19$1,202.4416.3%
Apartment Rent $719.00$949.0024.2%

Transportation

ItemFarwellNational avg.Difference
Gasoline $2.04$2.249.3%
Tire Balancing $44.26$46.294.4%

Utilities

ItemFarwellNational avg.Difference
All Electricity$142.95$165.9613.9%
Phone $34.01$28.6818.6%
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, StatePopulationCost of Living IndexNational Avg.
Bovina, TX1,77878-22%
Texico, NM1,26282-18%
Clovis, NM39,46189-11%
Farwell, TX1,55686-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West End, NY1,55695-5%
Daleville, IN1,55684-16%
South Park, WY1,55716767%
Beaver, OK1,55581-19%
Middleburg, PA1,55790-10%
Farwell, TX1,55686-14%
Source: The Farwell, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.