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.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
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.
Schools
The lower than average schools score may be influenced by below-average education levels, subpar reading and math scores and the lack of access to local elementary and high schools.
Located in the state of Texas, Ferris is a smaller city with a population of 2,901 residents. The majority of Ferris residents report their race to be White; this is followed by Black and Asian. Additionally, more than a quarter of the population of Ferris are of Hispanic or Latino origin, and 22% of the population also speak Spanish. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Ferris offers up a higher than average one way commute time of 30 minutes.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the area before actually living in Ferris, Texas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. With useful information like commute, health & safety, employment, housing and other key data points, finding the best places to live in Ferris and in the areas around Ferris is a much easier task.
Using data and statistics Ferris has received a livability score of 70 out of 100. This score is ranked in the 77th percentile when compared to all other cities. If we check out each of the categories on their own, we see that Ferris ranks well for crime (B+), cost of living (A+) and employment (A+). Unfortunately for Ferris, there are some categories for which it does not score well, this includes: amenities (F) and education (F).
When contemplating a move, job prospects often top the list of priorities. In Ferris, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.4% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic 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, Ferris has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Assuming that Ferris meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Ferris. Everything else becomes a lot less important if it turns out that home prices in Ferris are simply unattainable. Median real estate prices in Ferris come in at $238,590, which is 7.1% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Ferris, the home price to income ratio is 2.1, which is 34.4% lower than the Texas average.
| Statistic | Ferris | Texas | National |
| Average one way commute | 30min | 26min | 26min |
| Workers who drive to work | 76.0% | 80.3% | 76.4% |
| Workers who carpool | 14.9% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.5% | 1.6% | 2.8% |
| Working from home | 8.6% | 4.3% | 4.6% |
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