Car insurance in Fairchilds, TX can be quite expensive. The average annual cost is $51,875 in this Texas city. Fortunately, there are a few things to keep in mind before you make your decision. The median household income in Fairchilds is $51,875, and health care spending per capita is $120,700.
Homeownership rate in Fairchilds, TX is 82.3%
The median property value in Fairchilds, TX is $120,700 in 2020, which is lower than the national average of $155,800. The median home ownership rate in Fairchilds, TX is 82.3 percent, higher than the national average of 64.4%. The median commute time for workers in Fairchilds, TX is 34.7 minutes. On average, each household owns two cars.
Fairchilds, TX has a very low unemployment rate, and a low black race population. The median age is significantly higher than the state average, and the percentage of foreign-born residents is lower than the state average. The homeownership rate is also higher than the state average, at 82.3%.
Fairchilds, TX has a population of 712 people. Ninety-four percent of the population is a US citizen. Ten percent of the population is foreign-born. The median household income in Fairchilds is $51,875, a -25.2% decrease over the last decade. The median age of residents in Fairchilds is 56.1 years old.
Homeownership rates are rising in the country. White and Asian Americans have set record highs in homeownership, while Hispanics and African-Americans both achieved historic highs. Hispanics' rate surpassed 50 percent for the first time in history.
Median household income in Fairchilds, TX is $51,875
In the fairchilds area of Texas, the cost of car insurance can be quite high. The average rate in this part of Texas is $856, and premiums can range from $71 to 97 per month. However, it is possible to reduce the cost of your car insurance by getting multiple quotes.
Health care spending per capita in Fairchilds, TX is $120,700
The median household income in Fairchilds, Texas is $51,875, down from $64,994 in 2010. This represents a -25.2% decline in the last year. The area's most common occupations are manufacturing, construction, and retail trade, with 37.7% of Fairchilds' residents being employed in one of these sectors. The highest-paying industry in Fairchilds is mining, quarrying, and oil & gas extraction, with $120,700 spent per capita.
Compared to other American cities, Fairchilds, TX has relatively high health care spending per capita. In the last five years, the average cost of medical care per capita has decreased by 1.7%. In Fairchilds, TX, people spend $120,700 per year on health care.
Fairchilds, TX has a high percentage of homeowners. Almost eighty-three percent of residents own a home, which is higher than the national average of 64.4%. This town has a median home value of $120,700. Most residents live alone, driving an average of 34.7 minutes to work. Residents own a median of two cars.
While Texas is in the midst of a long-term debt crisis, local governments in Fairchilds, Texas are spending in many areas - K-12 education and public hospitals are the largest categories. As such, an incremental allocation of new dollars may make sense, especially for smaller jurisdictions. Furthermore, an evidence-based approach to allocating resources in the health system can benefit all stakeholders. This approach can help predict health outcomes and maximize the health benefits to a community.
Health care spending in Fairchilds, Texas is higher than the national average. In fiscal 2015, Texas spent $42.9 billion on health care. That represents almost half of the state's budget. In comparison, the federal government spends 14.9 billion on health care.
In the United States, health spending per capita has grown at a faster rate than in most other wealthy countries. In 1970, it was comparable to that of comparable countries, but by the 1980s, U.S. health spending increased by an additional 1.9%. The United Kingdom, France, and Germany, for instance, spent less than one-tenth of the United States per capita.
Average annual cost of car insurance in Fairchilds, TX is $51,875
Texas drivers pay a lot more for car insurance than drivers in other states. Insurers consider people with poor credit riskier and charge more for insurance. An average driver with a good credit score pays $2,034 less per year than a driver with a poor credit score. Drivers with a poor credit score may qualify for discounts from insurers based on their good driving record. However, drivers with a poor credit score should still seek quotes from different insurance companies to get the best rates.
Insurance costs in Texas vary depending on the type of coverage you need. A minimum coverage policy in Texas costs just $665 annually, but it increases to $1,451 with a history of violations and adding a young driver. The cost of car insurance also depends on the company you choose. For example, Farmers auto insurance in Texas costs $821 per year, while The General charges $2,781 per year.
Purchasing the appropriate auto insurance is vital if you want to drive safely. Besides state minimum coverage, car financing companies will require you to have collision and comprehensive coverage. Your premium will depend on your age, type of car, and other factors. However, the amount of premium you pay will probably be higher or lower than the average.
For minimum coverage, Geico offers the best rate in the state. A Geico policy costs $1,329 a year, $807 less than the state average. If you're a military member, try USAA, which only offers car insurance to active military members. Another good insurer is State Farm. It has a good reputation for customer service and affordable rates. The best insurance providers are the ones who balance experience and affordability.
While Texas has a relatively low average cost for car insurance, you should consider the type of insurance you need. Texas state minimum coverage is the cheapest option, but you might not be protected if you cause an accident. You can upgrade to a 100/300/100 or more comprehensive insurance policy to provide better coverage.