| Index | Pharr | Texas | National |
| Cost of living | 85 | 94 | 100 |
| Groceries | 96 | 98 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 56 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 100 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 93 | 98 | 100 |
Understanding the cost of living in Pharr can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Pharr cost of living index is 85, which is 15% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Pharr stands out by reporting housing costs that are 44.3% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.
Is Pharr an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Pharr is 54.7% lower than the national average, while the average monthly rent prices are 20% lower than average. The affordability of any location can also be influenced by median income levels. Pharr has a median household income of $59,724, which is 26.6% lower than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Pharr, the transportation index is 5.5% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Pharr, the housing index comes in at 44.3% lower than the national average.
The cost of living data for Pharr shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $73,899 | $6,158 | $1,724 | $2,217 |
| Renters | $45,927 | $3,827 | $1,072 | $1,378 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Evergreen, TX | 40 | 99 | 0.9% |
| Campo Verde, TX | 173 | 98 | 1.6% |
| Villa Verde, TX | 211 | 99 | 1.2% |
| E. Lopez, TX | 230 | 98 | 1.9% |
| Tierra Dorada, TX | 0 | 98 | 1.9% |
| Pharr, TX | 80,998 | 85 | 15.4% |
| City | Population | Cost of Living Index | National Avg. |
| Napa, CA | 80,932 | 173 | 72.7% |
| Boynton Beach, FL | 80,667 | 113 | 12.8% |
| Parma, OH | 80,602 | 88 | 11.6% |
| New Rochelle, NY | 81,413 | 159 | 58.5% |
| Perris, CA | 80,566 | 131 | 31.2% |
| Pharr, TX | 80,998 | 85 | 15.4% |
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