Cost of Living in San Angelo, TX

An Overview of Cost of Living in San Angelo, TX

The cost of living in San Angelo affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in San Angelo is 91, which is 9% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

In San Angelo, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in San Angelo will resemble that of an average city, contributing to a manageable cost of living.

What Do Locals Say About the Cost of Living in San Angelo?

Nobody knows their city better than the people who actually live there. So, we asked 11 local residents how they would rate the cost of living in San Angelo and this is how they responded. 64% of people said that the cost of living was affordable, with prices decreasing, while 36% of people said that the cost of living was very expensive and prices continue to rise.

Is San Angelo Affordable?

Wondering if San Angelo is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In San Angelo, for example, the median home price is 22.4% lower than what folks pay nationally, and monthly rent is 5% lower than the usual rates. Plus, income levels matter too, with San Angelo boasting a median household income of $55,682, which is 0.7% higher than the national average.

What Factors can Influence the Cost of Living in San Angelo?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In San Angelo, the healthcare costs are 6.8% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in San Angelo, is 17.2% lower than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In San Angelo, the groceries index is 5.5% lower than the national average.

Where is the Data From?

The San Angelo cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.