Nome, TX vs Savoy, TX
There is a significant gap in the cost of living between these two cities. Savoy is 15.3% cheaper than Nome. With a cost index of 76 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Savoy to Nome should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Nome are $188,800 compared to $139,100 in Savoy, a 36% gap.
Median household income in Nome is $55,781 compared to $60,268 in Savoy (-7.4%). Savoy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.
Climate-wise, Nome is notably warmer with an average of 69.9°F compared to 65°F in Savoy. Nome receives more rainfall at 62.1" per year compared to 38.3" in Savoy.
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Climate
NOAA 30-year normals (1991-2020)