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Economics
| Percentage of Families Living in Poverty, 1990 | Percentage by Race and Ethnicity of Those Living in Poverty, 1990 | |||||
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In 1996, the average sales price of a home in Amarillo was $81,416 as compared to $64,528 in 1992. The average value of a newly constructed home is still growing at a faster rate than sales of existing homes. However, the average value has declined from a high in 1994 of $123,538 to the 1996 average of $111,718.
The cost of living in the Amarillo area is 11th lowest of any metropolitan area in the nation. The cost of living in Amarillo is 9% below Dallas, 11% below Albuquerque and 29% below Los Angeles.
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