Hamlin, TX vs Wells, TX

Hamlin, TX and Wells, TX have a very similar cost of living, with only a 2.4% difference in their overall index. Hamlin scores 63 while Wells scores 65 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 Hamlin is $847/month compared to $772/month in Wells — a 10% difference. Interestingly, home values tell a different story: while Wells has cheaper rent, Hamlin actually has lower median home values ($72,100 vs $100,000).

Median household income in Hamlin is $61,949 compared to $64,250 in Wells (-3.6%). While Wells is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamlin spend roughly 16.4% of their income on rent, more than the 14.4% in Wells.