Housing costs in Pennington?
A typical home costs
$192,900, which is 42.9% less expensive than the national average of
$338,100 and 35.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Pennington costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 37.6% cheaper than the state average of
$1,280.
Can I afford Pennington?
To live comfortably in Pennington (zip 75856), Texas, a minimum annual income of
$37,080 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Pennington?
The cost of living in 75856 Pennington, TX is quite reasonable. The median home value is about $49,600 and the median household income is $44,000. The rents are also low; you can expect to pay around $600 for a one bedroom apartment and around $800 for a two bedroom apartment. Groceries, utilities, transportation costs and other necessities are all quite affordable as well. The overall cost of living in Pennington is very comparable to the national average and provides a great value for its residents.