Cost of Living in Kermit, TX

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13%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
44%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Kermit Texas National
Cost of living8794100
Groceries9998100
Health care9898100
Housing5683100
Transportation9998100
Utilities107103100
Lifestyle & Entertainment10298100
Household Items9698100
Education & Childcare9898100
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Homes For Sale In Kermit, TX

property for sale

704 S C Ave

Kermit, TX
property for sale

516 S B Ave

Kermit, TX
property for sale

225 S Walnut St

Kermit, TX
property for sale

1409 Shannon Dr

Kermit, TX
See the Newest Homes For Sale In Kermit, TX

Cost Of Living Quick Facts

  • The cost of living in Kermit is 8% lower than the Texas average
  • The cost of living in Kermit is 13% lower than the national average
  • Kermit housing is 44% lower 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 Kermit

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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
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$88,037$7,336$2,054$2,641
      Renters$92,164$7,680$2,150$2,765
      To approximate the cost of living and the housing affordability in Kermit, TX, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Kermit have a median income of $88,037. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,054 per month to avoid calamity and poverty. The renters in the city have an income of about $92,164, which would make their monthly maximum allowable rental costs $2,150.

      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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wink, TX1,0248911.1%
      Kermit, TX6,4868713.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Pelican Bay, FL6,486205104.8%
      Pigeon Forge, TN6,487964.3%
      California, PA6,4848811.7%
      Red Lion, PA6,482928.4%
      Ramtown, NJ6,49014039.8%
      Kermit, TX6,4868713.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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