Cost of Living in Hereford, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.7
100 = national avg
-15.3 vs national average
Living Wage (1 Adult)
$37,258
per year
Living Wage (Family of 4)
$88,064
per year
Cost Index by Category
Housing85.5
Food89.6
Transportation74.6
Healthcare91.7
Utilities90.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$855
per month
2 Bedroom
$1,070
per month
The overall cost of living index in Hereford is 84.7, which is 15.3% below the national average. Housing costs are below the national average at an index of 85.5. A single adult needs to earn approximately $37,258 per year to cover basic expenses.