Hico, TX vs Muleshoe, TX

Hico, TX and Muleshoe, TX have a very similar cost of living, with only a 0.1% difference in their overall index. Hico scores 64 while Muleshoe scores 64 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 Hico is $725/month compared to $745/month in Muleshoe — a 3% difference. Interestingly, home values tell a different story: while Hico has cheaper rent, Muleshoe actually has lower median home values ($100,100 vs $122,600).

Median household income in Hico is $52,250 compared to $71,534 in Muleshoe (-27%). While Muleshoe is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hico spend roughly 16.7% of their income on rent, more than the 12.5% in Muleshoe.

Climate-wise, Hico is notably warmer with an average of 65°F compared to 57.8°F in Muleshoe. Hico receives more rainfall at 34.1" per year compared to 17.9" in Muleshoe.