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.
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.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Ratings
Surveys and polls conducted by AreaVibes with residents of the area revealed unfavorable results concerning the walkability of amenities, the availability of parks and public transit access.
Located in the state of Texas, Floydada is a small city with a population of 2,707 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (83% White). Given that fact, Floydada could be considered less diverse than other cities. Additionally, more than a quarter of the population of Floydada are of Hispanic or Latino origin, and 52% of the population also speak Spanish. If you prefer shorter commutes, living in Floydada will be a delight. With an average one-way commute time of just 19 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Are you trying to decide if living in Floydada is the right fit for your lifestyle? To ensure a fulfilling experience before moving 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. The best areas in Floydada and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
With a livability score of 73 out of 100, Floydada is ranked #4,487 in the United States and #185 in Texas. Floydada does not fare well for the following: crime (D) and employment (D-). It might be wise to take a closer look at each category to find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in Floydada is 24.48% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Floydada a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
The unemployment rate in Floydada has consistently declined over the years and currently stands well below the national average at 2.42%. 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, Floydada has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Floydada is actually affordable. Median real estate prices in Floydada come in at $61,800, which is 56.7% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Floydada, the home price to income ratio is 1.4, which is 46.2% lower than the Texas average.
| Statistic | Floydada | Texas | National |
| Average one way commute | 19min | 26min | 26min |
| Workers who drive to work | 79.8% | 80.3% | 76.4% |
| Workers who carpool | 10.9% | 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 | 4.8% | 1.6% | 2.8% |
| Working from home | 3.1% | 4.3% | 4.6% |
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