Melvin, TX vs New Home, TX

Melvin is moderately more affordable than New Home, with a 9% lower cost of living index. Melvin scores 76 compared to 84 for New Home, where the US average is 100. This difference means residents of New Home can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Melvin are $39,500 compared to $148,400 in New Home, a 73% gap.

Median household income in Melvin is $53,438 compared to $56,563 in New Home (-5.5%). The higher salaries in New Home partially offset the cost difference, but don't fully close the gap.

Climate-wise, Melvin is notably warmer with an average of 66.5°F compared to 61.4°F in New Home. Melvin receives more rainfall at 22.5" per year compared to 18.3" in New Home.