Cost of Living in New Summerfield, TX

With a cost of living index of 68, New Summerfield, TX is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 20% below the Texas state average of 88. New Summerfield is a small community of 726 residents.

Housing costs are the biggest factor in New Summerfield's cost of living. The median monthly rent is $940 (29% below the US median of $1,319), and the median home value sits at $81,400 (73% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in New Summerfield is $66,818, which is 11% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to New Summerfield. The area sees an average annual temperature of 66.6°F, with summers averaging 83°F and winters around 50°F. Annual rainfall totals 42.1 inches spread over roughly 93 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Tyler, 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.