Burke, TX vs Hico, TX
Hico is moderately more affordable than Burke, with a 7.3% lower cost of living index. Burke scores 69 compared to 64 for Hico, where the US average is 100. This difference means residents of Burke can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Burke is $863/month compared to $725/month in Hico — a 19% difference. Interestingly, home values tell a different story: while Hico has cheaper rent, Burke actually has lower median home values ($112,500 vs $122,600).
Median household income in Burke is $57,969 compared to $52,250 in Hico (+10.9%). While Burke is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Burke spend roughly 17.9% of their income on rent, more than the 16.7% in Hico.
Income & Cost
Housing
Salary Equivalency Calculator
What does your salary in one city buy you in the other?
Everyday Prices
BLS Average Prices by metro area