Cost of Living in Penelope, TX
Population: 223 | Texas
Penelope is 19% less expensive than the national average.
Cost of Living in Penelope, TX: What You Need to Know
With a cost of living index of 81, Penelope, TX is a very affordable place to live. Living here is 19% cheaper than the national average and 6% below the Texas state average of 88. Penelope is a small community of 223 residents.
The median household income in Penelope is $65,938, which is 12% lower than the national median of $75,149. 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 Penelope. 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.
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.
Income
- Median Household Income
- $65,938
- vs US Median ($75,149)
- -12%
Housing
- Median Home Value
- $96,300
- Median Monthly Housing Cost
- $558/mo
Climate in Penelope
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 59 | 63 | 70 | 78 | 85 | 93 | 97 | 97 | 91 | 81 | 69 | 60 |
| Avg °F | 47 | 52 | 59 | 66 | 74 | 82 | 86 | 86 | 79 | 68 | 57 | 49 |
| Low °F | 36 | 40 | 47 | 55 | 63 | 71 | 74 | 74 | 67 | 56 | 46 | 38 |
| Rain" | 2.6 | 2.7 | 3.3 | 3.3 | 4.4 | 3.4 | 1.8 | 2.1 | 2.9 | 4.4 | 2.7 | 2.9 |