Amarillo’s Household Bills – Potter County Pays Less While Randall County Pays More Than the National Average
The great thing about living in Amarillo is the cost of living is lower than other areas in the United States.
Amarillo Household Bills - Potter County
Potter County's household bills are 9% lower than the national average which is 21%.
The average household in Potter County pays a little less than $2000 per month in bills, which averages to about $23,000 a year. Out of all the cities in Texas, Amarillo is 181 most expensive.
Although on most household bills Amarillo is lower than the nation average, however on these household bills Amarillo is higher, and that's not a good thing.
Paying More
Regarding average monthly mortgage bills, those in Potter County are paying more than the national average, not by much, but unfortunately, it is more. Potter County residents pay almost $100 more per month on their vehicle loan.
House and vehicles are two of the bills most Amarillioans have to pay. However, when it comes to rent in Potter County, although high, it is lower than the national average. It's a double-edged sword between mortgage and rent.
If you adjust for income Potter County is paying 6% above the national average.
How Much Income is Spent on Household Bills
The average resident of Amarillo, living in Potter County, spends 36% of their income on bills. Unfortunately, many people are living paycheck to paycheck, especially with higher inflation these days.
Amarillo Household Bills - Randall County
Randall County is a bit more expensive and pays 2% more than the national average. The average household pays nearly $2100 in bills, which averages 34% of their income and averages about $26,000 per year.
In Randall County mortgage payments are about $100 more than the national average, while rent is about $300 less than the national average.
When it comes to auto loans, Randall County is paying almost $200 more per month than the national average.
How Much Income is Spent on Household Bills
The average Amarilloian in Randall County pays 34% of their income on bills. However, if you do adjust for income, Randall County is paying 1% less than the national average.
No matter how you look at it we are all spending too much on bills with no relief.
Source: doxo 2024 Cost of Bills Index (COBI) Report
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