Mineral Wells, TX vs Terrell Hills, TX

The cost of living difference between Mineral Wells, TX and Terrell Hills, TX is dramatic. Mineral Wells is 40% cheaper than Terrell Hills, a gap that translates to thousands of dollars per year in household expenses. Mineral Wells has a cost index of 78 while Terrell Hills sits at 131, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Mineral Wells is $1,004/month compared to $1,154/month in Terrell Hills — a 13% difference. Home values follow the same pattern: Mineral Wells is more affordable at $146,100 median vs $762,200.

Median household income in Mineral Wells is $54,210 compared to $217,800 in Terrell Hills (-75.1%). While Terrell Hills is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mineral Wells spend roughly 22.2% of their income on rent, more than the 6.4% in Terrell Hills.

Climate-wise, Terrell Hills is notably warmer with an average of 69.6°F compared to 65.1°F in Mineral Wells. Terrell Hills receives more rainfall at 32.4" per year compared to 31.8" in Mineral Wells.