Housing costs in McAllen?
A typical home costs
$169,000, which is 50.0% less expensive than the national average of
$338,100 and 43.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in McAllen costs
$920 per month, which is 28.1% cheaper than the national average of
$1,280 and 4.3% more than the state average of
$880.
Can I afford McAllen?
To live comfortably in McAllen (zip 78501), Texas, a minimum annual income of
$32,400 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about McAllen?
The cost of living in 78501 McAllen, TX is quite affordable compared to many other cities in the United States. The median home value in McAllen is $105,000 which is far lower than the national average and makes owning a home here very accessible. The cost of commodities such as food, gas, and housing are all generally much lower than the national average as well. This combined with the relatively low unemployment rate makes living in McAllen a very attractive option for those looking to make a move.