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2024 BEA RPP All 4 categories Federal source

Amarillo, TX

Cost-of-living indicators for Amarillo, TX, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 11100 · Data year: 2024 · Rank: #248 of 387

Amarillo, TX has a cost of living index of 91.8, meaning it's 8.2% less expensive than the national average. Goods cost 6.2% less, services 16.5% less, and rents are 21.6% below average. A $100K national salary has the purchasing power of $108,909 here.

What the Numbers Mean for Amarillo

Amarillo ranks #248 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the lower half by cost. With an overall Regional Price Parity of 91.8, Amarillo, TX is 8.2% less expensive than the national baseline of 100. The gap between Amarillo's most and least expensive categories — the priciest line item versus rents at 78.4 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $108,909 inside Amarillo, while a household needs roughly $91,820 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 78.4 — 21.6% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Amarillo's overall index has fallen by 4.0 points, improving relative affordability. For the 2024 data year, goods are indexed at 93.8 and services at 83.5, meaning everyday spending in Amarillo is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Amarillo Cost Index at a Glance

Amarillo all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10091.8

Amarillo category breakdown

BEA RPP composition by goods, services, rents, overall

Rents78.38Services83.474Goods93.757Overall91.82

Price Index Summary

Overall

91.8

-8.2 below avg

Goods

93.8

-6.2 below avg

Services

83.5

-16.5 below avg

Rents

78.4

-21.6 below avg

Price Index vs National Average (100)

Overall
National avg

Index 91.8 (-8.2 vs national avg)

Goods
National avg

Index 93.8 (-6.2 vs national avg)

Services
National avg

Index 83.5 (-16.5 vs national avg)

Rents
National avg

Index 78.4 (-21.6 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -21.6% (78.4)
Services -16.5% (83.5)
Overall -8.2% (91.8)
Goods -6.2% (93.8)

Income Adequacy in Amarillo

Amarillo income adequacy score

$75,000 median income vs RPP 91.8

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$91,820

in Amarillo, TX purchasing power

$50,000 nationally
$45,910
$75,000 nationally
$68,865
$125,000 nationally
$114,775
$150,000 nationally
$137,730
$200,000 nationally
$183,640

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 4.0 points over this period.

Year Overall
2008 95.8
2009 93.5
2010 95.0
2011 96.4
2012 96.2
2013 96.5
2014 96.3
2015 97.0
2016 97.2
2017 96.1
2018 93.2
2019 94.1
2020 94.5
2021 93.5
2022 91.5
2023 91.4
2024 91.8

Metros with Similar Cost of Living

These metros have an overall RPP closest to Amarillo, TX's index of 91.8.

Related Data for Amarillo

Frequently Asked Questions

What is the cost of living in Amarillo, TX?
Amarillo, TX has a Regional Price Parity (RPP) index of 91.8, meaning it is 8.2% less expensive than the national average. Goods are indexed at 93.8, services at 83.5, and rents at 78.4. It ranks #248 out of 387 U.S. metro areas by overall cost.
What salary do I need in Amarillo, TX to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $91,820 in Amarillo, TX. Conversely, $100K earned in Amarillo, TX has the purchasing power of $108,909 at the national average.
How expensive is rent in Amarillo, TX?
Rents in Amarillo, TX are indexed at 78.4, which is 21.6% below the national average. This makes the area relatively affordable for renters.
Is Amarillo, TX getting more expensive?
From 2008 to 2024, Amarillo, TX's overall cost index changed by -4.0 points (from 95.8 to 91.8). The cost of living has been declining.
What metros have a similar cost of living to Amarillo, TX?
Metros with the most similar overall cost index include Jackson, La Crosse-Onalaska, Pueblo. These areas have RPP values within a few points of Amarillo, TX's 91.8.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page