Krum, TX vs Melissa, TX
There is a significant gap in the cost of living between these two cities. Krum is 22.6% cheaper than Melissa. With a cost index of 110 vs 142, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Krum to Melissa should plan for substantially higher expenses across most categories.
On the housing front, median rent in Krum is $1,669/month compared to $2,341/month in Melissa — a 29% difference. Home values follow the same pattern: Krum is more affordable at $286,300 median vs $430,300.
Median household income in Krum is $111,316 compared to $137,875 in Melissa (-19.3%). The higher salaries in Melissa partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Krum spend roughly 18% of their income on rent, less than the 20.4% in Melissa.
Climate-wise, both cities share similar average temperatures (64.5°F vs 65°F). Melissa receives more rainfall at 38.3" per year compared to 35.6" in Krum.
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Climate
NOAA 30-year normals (1991-2020)