Groves, TX vs Homestead Meadows North, TX
There is a significant gap in the cost of living between these two cities. Homestead Meadows North is 16.2% cheaper than Groves. With a cost index of 71 vs 82, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Homestead Meadows North to Groves should plan for substantially higher expenses across most categories.
On the housing front, median rent in Groves is $1,247/month compared to $824/month in Homestead Meadows North — a 51% difference. Interestingly, home values tell a different story: while Homestead Meadows North has cheaper rent, Groves actually has lower median home values ($153,800 vs $170,300).
Median household income in Groves is $70,485 compared to $55,559 in Homestead Meadows North (+26.9%). While Groves is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Groves spend roughly 21.2% of their income on rent, more than the 17.8% in Homestead Meadows North.
Climate-wise, Groves is notably warmer with an average of 69.9°F compared to 66.2°F in Homestead Meadows North. Groves receives more rainfall at 62.1" per year compared to 8.8" in Homestead Meadows North.
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
Climate
NOAA 30-year normals (1991-2020)