Cost of Living in Damon, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.2
100 = national avg
-20.8 vs national average
Living Wage (1 Adult)
$34,838
per year
Living Wage (Family of 4)
$82,345
per year
Cost Index by Category
Housing51.1
Transportation140.5
Utilities85.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,240
per month
2 Bedroom
$1,359
per month
The overall cost of living index in Damon is 79.2, which is 20.8% below the national average. Housing costs are below the national average at an index of 51.1. A single adult needs to earn approximately $34,838 per year to cover basic expenses.