Chico, TX vs Reno city (Lamar County), TX
Chico, TX and Reno city (Lamar County), TX have a very similar cost of living, with only a 1.2% difference in their overall index. Chico scores 83 while Reno city (Lamar County) scores 84 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 Chico is $1,130/month compared to $1,116/month in Reno city (Lamar County) — a 1% difference. Interestingly, home values tell a different story: while Reno city (Lamar County) has cheaper rent, Chico actually has lower median home values ($160,300 vs $211,100).
Median household income in Chico is $58,125 compared to $85,179 in Reno city (Lamar County) (-31.8%). While Reno city (Lamar County) is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chico spend roughly 23.3% of their income on rent, more than the 15.7% in Reno city (Lamar County).
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