Cost of Living in Morgan's Point Resort, TX

Population 4,709 · Texas · Data vintage 2023

87
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Morgan's Point Resort stay well under national norms: a median home value of $200,000 against median household incomes of $78,913 gives the city one of the more comfortable price-to-income ratios in Texas. An unemployment rate of 2.6% points to a labor market well on the tight side of the national distribution.

Geographically, Morgan's Point Resort sits roughly 15 miles east of Killeen. Housing prices track closely with Killeen's $196,000 median.

Cost Overview

Housing 66
Rent 119

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

About the Cost of Living in Morgan's Point Resort

The median home value in Morgan's Point Resort is $199,800 — 34% below the national median of $305,000. Median rent runs $1,566/month, 19% higher than the national median of $1,314/month. The median household income of $78,913/year is 6% higher than the US median of $74,580. The local unemployment rate is 2.6%, below 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 55.6°F. Overall, Morgan's Point Resort has a cost of living index of 87 versus the US average of 100, meaning it is 13% less expensive.

🏠 Housing

Median Home Value
$199,800
34% below avg
Zillow Home Value
$205,068
Zillow ZHVI
Median Rent
$1,566/mo
19% above avg
Price-to-Rent Ratio
10.6x
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 94.7%
Renter-occupied 5.3%

💰 Estimated Monthly Budget

Rent median rent
$1,566
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,180/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
31.1 min
15% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.8%

Commute Mode

Drove alone
88.0%
Carpooled
3.5%
Work from home
7.8%

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
$78,913
6% above avg
Per Capita Income
$37,906
Unemployment Rate
2.6%
47% below avg
Poverty Rate
6.3%
Labor Force Participation
67.9%

🎓 Education

Bachelor's degree+ 23.4%
Graduate degree 18.6%

👥 Demographics

Median Age 36
Male median age 35
Female median age 37.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.6°F
Avg Low
55.6°F
Annual Precip
36.4"
Annual Snowfall
0.7"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596370788593979791816960
Low °F 364047556371747467564638
Precip" 2.592.683.313.304.443.351.822.052.874.412.712.87
Snow" 0.00.40.10.10.00.00.00.00.00.00.10.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
63.3%
Good air days/yr
133
Max AQI recorded
119
PM2.5 days
246
Ozone days

Frequently Asked Questions

What is the cost of living in Morgan's Point Resort, TX?

Morgan's Point Resort has a cost index of 87 (100 = national average). It is 13% below the national average.

What is average rent in Morgan's Point Resort, TX?

The median gross rent in Morgan's Point Resort is $1,566 per month based on 2023 Census data.

What is the average home price in Morgan's Point Resort?

The median home value in Morgan's Point Resort is $199,800 according to Zillow and Census data.

What is the median income in Morgan's Point Resort?

The median household income in Morgan's Point Resort is $78,913 per year (2023 ACS 5-year estimates).

What is the sales tax in Morgan's Point Resort, TX?

The combined state and local sales tax rate in Morgan's Point Resort is 8.2%. Texas has no state income tax.

Is Morgan's Point Resort, TX affordable?

Yes, Morgan's Point Resort is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.

What is the weather like in Morgan's Point Resort?

Morgan's Point Resort has average high temperatures of 78.6°F and average lows of 55.6°F. Annual precipitation is 36.4". Average annual snowfall is 0.7". Data from NOAA 1991–2020 Climate Normals.

Morgan's Point Resort at a Glance

Population
4,709
Median Income
$78,913
Home Value
$199,800
Median Rent
$1,566/mo
Unemployment
2.6%
Avg High Temp
78.6°F
Sales Tax
8.2%
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