Cost of Living in Homestead Meadows South, TX

Population 7,687 · Texas · Data vintage 2023

50
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 South a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $135,000. At 12.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Homestead Meadows South sits roughly 15 miles east of El Paso. Median home values run roughly 21% lower than El Paso's $172,000.

Cost Overview

Housing 44
Rent 58

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

About the Cost of Living in Homestead Meadows South

The median home value in Homestead Meadows South is $135,100 — 56% below the national median of $305,000. Median rent runs $762/month, 42% lower than the national median of $1,314/month. The median household income of $60,571/year is 19% lower than the US median of $74,580. The local unemployment rate is 12.8%, 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 South has a cost of living index of 50 versus the US average of 100, meaning it is 50% less expensive.

🏠 Housing

Median Home Value
$135,100
56% below avg
Median Rent
$762/mo
42% below avg
Price-to-Rent Ratio
14.8x
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 78.0%
Renter-occupied 22.0%

💰 Estimated Monthly Budget

Rent median rent
$762
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,376/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
33.8 min
25% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.4%

Commute Mode

Drove alone
86.4%
Carpooled
5.5%
Walked
0.4%
Work from home
5.4%

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
$60,571
19% below avg
Per Capita Income
$19,245
Unemployment Rate
12.8%
167% above avg
Poverty Rate
16.2%
Labor Force Participation
67.7%

🎓 Education

Bachelor's degree+ 11.6%
Graduate degree 2.2%

👥 Demographics

Median Age 29.9
Male median age 30.4
Female median age 29.7

🌤 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 South, TX?

Homestead Meadows South has a cost index of 50 (100 = national average). It is 50% below the national average.

What is average rent in Homestead Meadows South, TX?

The median gross rent in Homestead Meadows South is $762 per month based on 2023 Census data.

What is the average home price in Homestead Meadows South?

The median home value in Homestead Meadows South is $135,100 according to 2023 Census ACS data.

What is the median income in Homestead Meadows South?

The median household income in Homestead Meadows South is $60,571 per year (2023 ACS 5-year estimates).

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

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

Is Homestead Meadows South, TX affordable?

Yes, Homestead Meadows South is generally considered affordable, with a cost of living index of 50 — about 50% below the US national average of 100.

What is the weather like in Homestead Meadows South?

Homestead Meadows South 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 South at a Glance

Population
7,687
Median Income
$60,571
Home Value
$135,100
Median Rent
$762/mo
Unemployment
12.8%
Avg High Temp
78.6°F
Sales Tax
8.2%
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