Cost of Living in Honey Grove, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.6
100 = national avg
-26.4 vs national average
Living Wage (1 Adult)
$32,393
per year
Living Wage (Family of 4)
$76,565
per year
Cost Index by Category
Housing62.1
Food86.1
Transportation72.2
Healthcare88.9
Utilities84.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$751
per month
2 Bedroom
$985
per month
The overall cost of living index in Honey Grove is 73.6, which is 26.4% below the national average. Housing costs are below the national average at an index of 62.1. A single adult needs to earn approximately $32,393 per year to cover basic expenses.