What Is The Cost Of Living In Texas?
March 14, 2023Are you planning to move to Texas? If yes, then you should know the cost of living in Texas. Because everyone knows everything is bigger in Texas including the cost of living. Texas is a state located in the South Central region of the US. Houston is the fourth-largest and most populous city in Texas state while San Antonio is the second-most populous city in the state. The state of Texas is known for cool cities, NASA, oil, BBQ, San Jacinto Monument, the Alamo, Cowboys and cowgirls, and many more things. Texas is the only state of America to enter the United States by treaty instead of territorial annexation. Let’s have a look at the cost of living in Texas.
What Is The Cost Of Living In Texas?
The cost of living in Texas is 94.2 which is a little less than the average cost of living in the nation. The table shows the United States average cost of living of 100. An amount below 100 means the average cost of living in Texas is cheaper than the national average living costs. If the value is more, then the average cost of living in Texas per year is more than the national average.
| USA | Cost Of Living For | Texas |
|---|---|---|
| Housing | 83.5 | 100 |
| Grocery | 93.7 | 100 |
| Transportation | 103.3 | 100 |
| Utilities | 99.2 | 100 |
| Health | 100 | 100 |
| Miscellaneous | 83.2 | 100 |
| Median Home Cost | $243,600 | $291,700 |
| Overall | 94.2 | 100 |
Home Rent
How much does it cost to live in an apartment in Texas? Not much. Whether you are renting or buying in Texas, you will find more affordable houses than in many other places in the country. The cost related to both is about 15% cheaper than the national average cost of housing. Therefore the cost of living in Texas for family is low. The table given below will tell you the house rent in the different cities in Texas including the cost of living in Waco Texas.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Waco | $825 | $1250 |
| Austin | $1730 | $2205 |
| Dallas | $1315 | $2022 |
| San Antonio | $725 | $2160 |
| Texas City | $850 | $1325 |
| El Paso | $875 | $1088 |
Food Cost
The state of Texas is popular for its cuisine, which ranges from Tex-Mex to barbecue to chilli to Texas toast. According to some researchers, a single adult without children living in Texas expects to spend around $3,428 on food in a year. A family of two working adults with two children will spend $10,084 on food per year. The table given below consists of approximate charges for dinner for 2 people in different cities in Texas including the cost of living in Dallas, Texas.
| City | Approx Dinner Cost For 2 |
|---|---|
| Waco | $60 |
| Austin | $80 |
| Dallas | $110 |
| San Antonio | $64 |
| Texas City | $36 |
| El Paso | $44 |
Travel Cost
If you are moving to Texas, you must have a car because cars are essential unless you live in one of the big cities of the state, where public transportation may be available. Even with this being the case, transportation costs in Texas remain about 9% lower than the national average. Therefore, the average cost of living in Texas per month will remain low.
Other Expenses
You have read about the cost of travel, home, and food. Now, let’s take a look at some other expenses which include health care, utility bills, internet, fitness, taxes, and entertainment.
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Health Care
The cost of living in Texas per month greatly depends upon the cost of health care. Seven metro areas among eight metro areas of the state have median healthcare prices at or above the national mark. The highest healthcare prices in the Lone Star State are in Dallas and Houston.
Utility Bills
While comparing the cost of living in Texas vs California you may find Texas cheaper than California, it is because of low utility bills. According to some surveys, the average monthly electricity bill in the state is around $181, which amounts to about $2,172 annually. It is higher than the national average of utility costs.
Internet Bills
The internet bills have a great impact on the cost of living in Texas for students. The cost of the internet depends on the type of internet. The fibre and DSL plan for a month with a speed of 50-940 MBPS costs $29.99 and the Satellite plan for a month with a speed of 25 MBPS costs $49.99 per month.
Fitness
In Texas, fitness costs are not fixed but vary with types of gyms and fitness clubs. The average cost of a family fitness membership is around $9.99 per month.
Entertainment
The cost of entertainment depends upon your salary and your free time. But talking about the average cost then it will be around $55 per month for a family.
Taxes
Here you will find some exemptions because Texas has no state income tax or estate taxes. This makes the state an especially solid place for retirees to move to.
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FAQ
Is Texas Expensive To Live In?
Texas is one of the more affordable states in the country. Compared to the national average, your living expenses will be 7 percent cheaper — though the exact figure will vary based on where you choose to live in the state.
What Is The Monthly Cost Of Living In Texas?
Based on the personal consumption expenditures price index (PCE), Texans spent an average of $3,305 per month in 2020 (the most recent available data). In 2021, the average monthly wage was $4,519 before taxes so, hypothetically, the average worker spent about 73% of their wage and was able to save the rest.
Which City In Texas Has The Lowest Cost Of Living?
Brownsville-Harlingen was the che0 Comments in moderationapest place to live in Texas, according to the index. The cost of living was 37% lower in Brownsville-Harlingen compared to Dallas-Fort Worth-Arlington. The southernmost metropolitan area in Texas, Brownsville-Harlingen had 421,017 people as of 2020.
Is Texas Cheap Or Expensive?
The Lone Star State lives up to its reputation as one of the most affordable places to settle down. The cost of living in Texas is about 8% lower than the national average.
Is It Smart To Move To Texas?
Great job opportunity coupled with a reasonable cost of living makes Texas a gem for young professionals. According to Zillow, the median home price in Texas is $190,000 and the average rent price is about $1,500. Due to the fact that Texas is absolutely massive, they have practically endless land to build on.
What Part Of Texas Is The Cheapest To Live In?
Brownsville-Harlingen was the cheapest place to live in Texas, according to the index. The cost of living was 37% lower in Brownsville-Harlingen compared to Dallas-Fort Worth-Arlington. The southernmost metropolitan area in Texas, Brownsville-Harlingen had 421,017 people as of 2020.
How Much Would It Cost To Live In Texas?
The cost of living in Texas is 8% lower than the national average. Housing is 15% lower than the national average, while utilities are 2% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.
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Conclusion
In this article, you have learned about the cost of living in fort worth Texas as well as the cost of living in California vs texas. From this article, you may conclude that the cost of living in the state of Texas is slightly lower than the national average cost of living. In the state of Texas, Lone Star State lives up to its reputation as one of the most affordable places to settle down. Now, you can plan your budget as you know about the cost of living in Texas.
