Amarillo is the largest city in the Texas panhandle. The cost of living in Amarillo is much lower than other cities in the United States. The average home is priced at about $122,000, which is about $60,000 less than the majority of cities in Texas. If you have family there—especially your parents or grandparents—you may wonder about the cost of certain living expenses. No one ever wants to think about loved ones requiring specialized care or living assistance. However, it's important to do your research so you are informed and aware if the situation ever arises. Here are some numbers (according to the American Association for Long-Term Care Insurance) to let you know how far money goes in Amarillo.