Cost of Living in Morgan's Point Resort, TX

With a cost of living index of 96, Morgan's Point Resort, TX is slightly more affordable than average. Living here is 4% cheaper than the national average and 9% above the Texas state average of 88. Morgan's Point Resort is a small community of 4,709 residents.

Housing costs are the biggest factor in Morgan's Point Resort's cost of living. The median monthly rent is $1,566 (19% above the US median of $1,319), and the median home value sits at $199,800 (34% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Morgan's Point Resort is $78,913, which is 5% higher than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Morgan's Point Resort. The area sees an average annual temperature of 67.1°F, with summers averaging 84°F and winters around 49°F. Annual rainfall totals 36.4 inches spread over roughly 80 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Killeen-Temple, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.