Housing costs in Loraine?
A typical home costs
$80,600, which is 76.2% less expensive than the national average of
$338,100 and 72.9% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Loraine costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 75.3% cheaper than the state average of
$1,280.
Can I afford Loraine?
To live comfortably in Loraine, Texas, a minimum annual income of
$15,480 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Loraine?
The cost of living in Loraine, TX is relatively low compared to other areas. The median home value is just over $40,000 which is considerably below the national average. Utility costs are generally lower than other areas and there is no income tax in the state of Texas. The overall cost of living is 11 percent lower than the national average, making it an attractive place to live for those on a tight budget.