Savoy, TX vs Wimberley, TX
There is a significant gap in the cost of living between these two cities. Savoy is 26.9% cheaper than Wimberley. With a cost index of 76 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Savoy to Wimberley should plan for substantially higher expenses across most categories.
On the housing front, median rent in Savoy is $1,053/month compared to $946/month in Wimberley — a 11% difference. Interestingly, home values tell a different story: while Wimberley has cheaper rent, Savoy actually has lower median home values ($139,100 vs $492,700).
Median household income in Savoy is $60,268 compared to $78,351 in Wimberley (-23.1%). The higher salaries in Wimberley partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Savoy spend roughly 21% of their income on rent, more than the 14.5% in Wimberley.
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