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.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
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 small city with a population of 2,842 inhabitants. According to the most recent Census, 66% of Ferris residents are White, 23% Black and 0% 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.
Are you trying to decide if living in Ferris is the right fit for your lifestyle? To ensure a good 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. Finding the best places to live in Ferris and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, commute, health & safety and other important metrics.
Ferris has a livability score of 71 out of 100 and is ranked #250 in Texas and #5,452 in the USA. If we dig down a little deeper into each category within the livability score, we see that Ferris has higher than average rankings for the following: crime (A-), cost of living (A+) and employment (A+). The bad news for Ferris, there are some categories for which it does not score well, this includes: amenities (F) and education (F).
The unemployment rate in Ferris has consistently declined over the years and currently stands well below the national average at 1.3%. 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, 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 $130,700, which is 8.4% 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 1.7, which is 34.6% 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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