Cost of Living in Southmayd, TX

With a cost of living index of 96, Southmayd, 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. Southmayd is a small community of 1,420 residents.

Housing costs are the biggest factor in Southmayd's cost of living. The median monthly rent is $1,725 (31% above the US median of $1,319), and the median home value sits at $140,100 (54% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Southmayd is $78,750, which is 5% higher than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Southmayd. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 38.3 inches spread over roughly 90 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Sherman-Denison, 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.