Cost of Living in Amarillo, TX
Amarillo has a cost of living index of 83 (100 = national average), making it significantly more affordable than the national average. The median household income is $50,949 and the median home price is $195,000.
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Amarillo at a Glance
Population
200,393
Cost of Living Index
83
Median Income
$50,949
Median Home Price
$195,000
Property Tax Rate
1.85%
Sales Tax Rate
8.25%
Rent Index
68
State
Texas
Living in Amarillo
Amarillo offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $195,000 is well within reach for many families.
The combined sales tax rate in Amarillo is 8.25%, and the effective property tax rate is 1.85%. Property taxes are above the national average, which is an important consideration for homebuyers.