Farmersville, TX vs New Waverly, TX

There is a significant gap in the cost of living between these two cities. New Waverly is 26.5% cheaper than Farmersville. With a cost index of 82 vs 104, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Waverly to Farmersville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farmersville is $1,503/month compared to $1,049/month in New Waverly — a 43% difference. Home values follow the same pattern: New Waverly is more affordable at $188,000 median vs $273,600.

Median household income in Farmersville is $47,016 compared to $47,589 in New Waverly (-1.2%). New Waverly offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farmersville spend roughly 38.4% of their income on rent, more than the 26.5% in New Waverly. The New Waverly ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (65°F vs 67.7°F). New Waverly receives more rainfall at 47.7" per year compared to 38.3" in Farmersville.