Cost of Living in New Home, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.1
100 = national avg
-10.9 vs national average
Living Wage (1 Adult)
$39,188
per year
Living Wage (Family of 4)
$92,626
per year
Cost Index by Category
Housing86.7
Food93.2
Transportation86.5
Healthcare94.6
Utilities93.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$767
per month
2 Bedroom
$1,007
per month
The overall cost of living index in New Home is 89.1, which is 10.9% below the national average. Housing costs are below the national average at an index of 86.7. A single adult needs to earn approximately $39,188 per year to cover basic expenses.