Typically, one of the many benefits of living in a city the size of Copperas Cove is its affordability. Many of today’s workforce members are looking for a lower cost of living to ensure that their salary can provide a quality of life for themselves and their families.
The Affordability of Copperas Cove
$59,441
*Cost of living indices are based on a U.S. average of 100.
Copperas Cove, Texas has a Best Places Cost of Living overall index of 80 (Homeowner, no child care, taxes not considered), which is 20 percent cheaper than the U.S. average. It is also lower than the national average in the categories of Food & Groceries, Utilities, Transportation, and Miscellaneous. The one category where it was higher, by only 1.6 percent, was Health.
Cost of Living | Copperas Cove | Texas | United States |
|---|---|---|---|
Overall | 80.3 | 94.2 | 100 |
Grocery | 90.5 | 93.7 | 100 |
Health | 101.6 | 100 | 100 |
Utilities | 99.1% | 99.2% | 100% |
Transportation | 85.7 | 103.3 | 100 |
Miscellaneous | 79.4 | 83.2 | 100.0 |
Housing
Median prices of housing rose 1.99% YOY, reaching $260,000, and the median price per square foot moved up from $147.50 to $152.55. (Source: Texas REALTOR®)
Like much of the rest of the country, prices of single-family homes have risen over the last 3 years, up 3.31% YoY, reaching $292,893. Yet Copperas Cove is still a buyer-friendly market when compared to similar suburban communities surrounding major markets, like Dallas-Fort Worth. (Source: Texas REALTOR®)
For a community like Copperas Cove, apartment living is also important due to its proximity to the military presence in the area. The average rent per month in Copperas Cove is lower than the averages for the Killeen-Temple Metro area, the State of Texas, and the U.S.
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