Buchanan Dam, TX vs Smithville, TX

Buchanan Dam, TX and Smithville, TX have a very similar cost of living, with only a 4.1% difference in their overall index. Buchanan Dam scores 83 while Smithville scores 80 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Buchanan Dam is $917/month compared to $799/month in Smithville — a 15% difference. Home values follow the same pattern: Smithville is more affordable at $255,600 median vs $267,100.

Median household income in Buchanan Dam is $56,250 compared to $56,031 in Smithville (+0.4%). Buchanan Dam does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Buchanan Dam spend roughly 19.6% of their income on rent, more than the 17.1% in Smithville.