Cost of Living in Homestead Meadows North, TX

Population 5,987 · Texas · Data vintage 2023

59
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Homestead Meadows North a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $170,000. A poverty rate near 23% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Geographically, Homestead Meadows North sits roughly 15 miles east of El Paso. Housing prices track closely with El Paso's $172,000 median.

Cost Overview

Housing 56
Rent 63

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Homestead Meadows North

The median home value in Homestead Meadows North is $170,300 — 44% below the national median of $305,000. Median rent runs $824/month, 37% lower than the national median of $1,314/month. The median household income of $55,559/year is 26% lower than the US median of $74,580. The local unemployment rate is 11.6%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.6°F and lows of 53.8°F, with about 2.8" of annual snowfall. Overall, Homestead Meadows North has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.

🏠 Housing

Median Home Value
$170,300
44% below avg
Median Rent
$824/mo
37% below avg
Price-to-Rent Ratio
17.2x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 81.9%
Renter-occupied 18.1%

💰 Estimated Monthly Budget

Rent median rent
$824
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,438/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
34.3 min
27% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.2%

Commute Mode

Drove alone
66.0%
Carpooled
20.5%
Walked
1.3%
Bicycle
0.6%
Work from home
10.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$55,559
26% below avg
Per Capita Income
$18,682
Unemployment Rate
11.6%
140% above avg
Poverty Rate
22.9%
Labor Force Participation
50.2%

🎓 Education

Bachelor's degree+ 7.9%
Graduate degree 5.0%

👥 Demographics

Median Age 33.6
Male median age 25.4
Female median age 40.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.6°F
Avg Low
53.8°F
Annual Precip
8.8"
Annual Snowfall
2.8"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596472808997969488796758
Low °F 353946536271737265544234
Precip" 0.390.400.240.170.430.731.581.671.520.590.430.63
Snow" 0.80.20.00.00.00.00.00.00.00.00.51.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 64 — Moderate
18.9%
Good air days/yr
155
Max AQI recorded
206
PM2.5 days
109
Ozone days

Frequently Asked Questions

What is the cost of living in Homestead Meadows North, TX?

Homestead Meadows North has a cost index of 59 (100 = national average). It is 41% below the national average.

What is average rent in Homestead Meadows North, TX?

The median gross rent in Homestead Meadows North is $824 per month based on 2023 Census data.

What is the average home price in Homestead Meadows North?

The median home value in Homestead Meadows North is $170,300 according to 2023 Census ACS data.

What is the median income in Homestead Meadows North?

The median household income in Homestead Meadows North is $55,559 per year (2023 ACS 5-year estimates).

What is the sales tax in Homestead Meadows North, TX?

The combined state and local sales tax rate in Homestead Meadows North is 8.2%. Texas has no state income tax.

Is Homestead Meadows North, TX affordable?

Yes, Homestead Meadows North is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.

What is the weather like in Homestead Meadows North?

Homestead Meadows North has average high temperatures of 78.6°F and average lows of 53.8°F. Annual precipitation is 8.8". Average annual snowfall is 2.8". Data from NOAA 1991–2020 Climate Normals.

Homestead Meadows North at a Glance

Population
5,987
Median Income
$55,559
Home Value
$170,300
Median Rent
$824/mo
Unemployment
11.6%
Avg High Temp
78.6°F
Sales Tax
8.2%
View all cities in Texas →
🗺️ County data for Texas

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs