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.
Ratings
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
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.
Health & Safety
A low health and safety score may be attributed to factors such as subpar air quality and the unavailability of certain health-related facilities like hospitals, clinics, doctors and pharmacies.
Hereford, Texas is a medium-sized city with a population of 14,692 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (78% White). Given that fact, Hereford could be considered less diverse than other cities. Additionally, more than a quarter of the population of Hereford are of Hispanic or Latino origin, and 59% of the population also speak Spanish. With an average age of 30 years old, Hereford could be a great place to live for young adults as this age is well below the national average. Not a fan of sitting in traffic during your commute to work? Hereford offers shorter work commutes, with an average one-way commute time taking only 15 minutes, far lower than the national average of 26 minutes.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Hereford could be a positive experience compared to other cities in Texas if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Hereford, AreaVibes has created a livability score using key metrics like amenities, cost of living, health & safety, education, housing and more.
Using data and statistics Hereford has received a livability score of 67 out of 100. This score is ranked in the 70th percentile when compared to all other cities. For each of the livability categories, we see that Hereford ranks very well for crime (B-) and housing (B+). On a less positive note, Hereford does not have favorable scores for the following: amenities (F) and employment (D). If we take a look at the data, we can 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 Hereford is 21.19% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making Hereford 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.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Hereford excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Hereford 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 Hereford. Everything else becomes a lot less important if it turns out that home prices in Hereford are simply unattainable. The median home price for Hereford homes is $88,500, which is 38% lower than the Texas average. If we take a closer look at the affordability of homes in Hereford, we’ll see that the home price to income ratio is 1.9, which is 26.9% lower than the Texas average.
| Statistic | Hereford | Texas | National |
| Average one way commute | 15min | 26min | 26min |
| Workers who drive to work | 79.3% | 80.3% | 76.4% |
| Workers who carpool | 15.0% | 10.6% | 9.3% |
| Workers who take public transit | 1.8% | 1.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 0.7% | 1.6% | 2.8% |
| Working from home | 2.9% | 4.3% | 4.6% |
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