Cost of Living in Lipscomb, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
47.5
100 = national avg
-52.5 vs national average
Living Wage (1 Adult)
$20,897
per year
Living Wage (Family of 4)
$49,393
per year
Cost Index by Category
Housing37.8
Utilities81.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$778
per month
2 Bedroom
$973
per month
The overall cost of living index in Lipscomb is 47.5, which is 52.5% below the national average. Housing costs are below the national average at an index of 37.8. A single adult needs to earn approximately $20,897 per year to cover basic expenses.