The Cheapest Places to Live in Texas: Lubbock Came in What Place?
The cost of living has been on everyone's mind lately. It's something that keeps rising.
Lubbock is known to be affordable, but is that actually the case right now? The Cost of Living Index shows us that might not be as true as we thought.
The annual inflation rate as of August was 8.3 percent, according to the U.S. Bureau of Labor Statistics.
Below is a list of the top 11 cheapest cities in Texas. Lubbock barely made the top 10. And can you believe the top 5?
11. Midland-Odessa – 90.95
10. Lubbock – 90.4
Transportation costs in Lubbock were the lowest on the list at 86, or 14 percent lower than the national average. Additionally, utilities were the third lowest in Texas.
9. San Antonio-New Braunfels – 90.3
8. Corpus Christi – 90.1
7. Abilene – 90
6. El Paso – 89.9
5. Wichita Falls – 89.5
4. Waco – 87.7
3. Amarillo – 84.9
2. McAllen-Edinburg-Mission – 78.8
1. Brownsville-Harlingen – 77
These are the collection data that was collected in April, so it could have changed a little since then. When you look at the number next to the city, it's out of 100, which would be the average cost of living in the United States. So, for example, Lubbock is 90.4, which is lower than 100, meaning it's cheaper than the national average.
According to the COLI website, the "data is recognized by the U.S. Census Bureau, U.S. Bureau of Labor Statistics, and CNN Money. Our data and methodology are described in detail and completely transparent to users. Both data and methodology are reviewed by an Advisory Board composed of academic researchers and government officials. The Cost of Living Index is referenced in the Census Bureau’s Statistical Abstract of the U.S."
You can find out more about each city and what the study says here.
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