Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Commute
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Employment
Low income levels and high unemployment rates results in a low score in the employment category. It could prove difficult to find well-paying employment in this area.
Located in the state of Texas, Electra is a smaller city with a population of 2,732 residents. At 85%, the majority of the Electra population is White; this is followed by 3% American Indian and Alaskan and 2% Black. If you are not a fan of long commutes, you will enjoy living in Electra. With an average one way commute time of only 18 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Electra could be a positive experience compared to other cities in Texas if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like amenities, crime, commute, housing and other key data points, finding the best places to live in Electra and in the areas around Electra is a much easier task.
Using data and statistics Electra has received a livability score of 66/100. This score is ranked in the 67th percentile when compared to all other cities. For each of the livability categories, we see that Electra ranks very well for crime (A+) and housing (A). Electra does not do well for the following: amenities (F) and employment (F). It might be a smart idea to take a closer look at each category to find out why.
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Electra, residents are privileged to experience a cost of living that stands 22.79% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Electra an attractive destination for individuals seeking financial prudence without compromising their quality of life.
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Electra, it boasts a notably low violent crime rate of 131 crimes per 100,000 residents, which significantly outperforms the national average.
When contemplating a move, job prospects often top the list of priorities. In Electra, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 2.12% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Finding affordable real estate and housing in Electra can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Electra. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Electra are affordable. Median real estate prices in Electra come in at $36,500, which is 74.4% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Electra, the home price to income ratio is 1, which is 61.5% lower than the Texas average.
| Statistic | Electra | Texas | National |
| Average one way commute | 18min | 26min | 26min |
| Workers who drive to work | 85.7% | 80.3% | 76.4% |
| Workers who carpool | 9.6% | 10.6% | 9.3% |
| Workers who take public transit | 0.0% | 1.5% | 5.1% |
| Workers who bicycle | 0.7% | 0.3% | 0.6% |
| Workers who walk | 1.2% | 1.6% | 2.8% |
| Working from home | 2.1% | 4.3% | 4.6% |
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