Houston, Texas, is not only known for its robust job market and diverse cultural scene, but also for having a lower cost of living in Houston compared to many other big cities in the United States.
Houston’s overall cost of living index is consistently lower than the national average. From affordable housing to reasonably priced groceries, living in Houston is cost-efficient.
Houstonian bring an extra suitcase to pack all the extra savings on food costs 🛒
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Housing costs are a major factor in determining the cost of living in any city. In Houston, housing costs are particularly noteworthy for being cheaper than the national average. Whether you’re renting or buying, you’ll find that Houston offers a variety of affordable options.
For those looking to rent, the average rent for a 1-bedroom apartment outside the city center is around $1,400.00. If you need more space, a 3-bedroom apartment will cost you approximately $2,450.00. Compared to other big cities like San Francisco (City by the Bay) or New York, these prices are a steal.
If you’re considering buying property, the median home price in Houston is about $265,000.00. This is significantly lower than the average in other major U.S. metropolitan areas, making Houston a prime location for both first-time homebuyers and seasoned investors.
While Houston’s housing costs are attractive, utility expenses can be a bit higher due to the city’s hot and humid climate. Whether you’re renting or owning, utility costs for electricity, heating, cooling, water, and garbage for a 915 sq. ft. apartment average around $240.00 per month. Add in the cost of high-speed internet at $85.00, and your total monthly utility expenses come to about $320.00.
Pro Tip: Consider energy-efficient appliances and smart thermostats to help lower your utility bills and maintain your current standard of living.
Groceries are a daily necessity, and in Houston, the cost of groceries is relatively affordable. A single person might spend around $265.00 per month on groceries, which is quite reasonable compared to other urban areas.
Here’s a breakdown of common grocery items and their prices in Houston:
Grocery Item | Average Cost ($) |
Milk (1 gallon) | 3.98 |
Bread (1 lb) | 3.17 |
Eggs (dozen) | 4.71 |
Chicken (1 lb) | 5.71 |
Beef (1 lb) | 7.96 |
Apples (1 lb) | 2.30 |
Bananas (1 lb) | 0.64 |
Potatoes (1 lb) | 1.42 |
Wine (Mid-range bottle) | 15.00 |
Domestic Beer (0.5L bottle) | 2.15 |
With grocery costs like these, you’ll find it easy to maintain your standard of living in Houston.
Houston’s public transportation system, operated by the Metropolitan Transit Authority, is not only efficient but also cost-effective. With over 1,200 buses and an expanding light-rail service, getting around the city is a breeze.
Here’s what you can expect to pay for public transit in Houston:
Considering Houston’s size, these prices are very reasonable, especially when you compare the cost of living in Houston to other major cities. Whether you’re commuting for work or exploring the city, public transportation in Houston is an affordable option.
Living in Houston means you’ll never run out of things to do. The city is home to over 150 museums, parks, and cultural institutions, making it a hotspot for entertainment.
A meal at a mid-range restaurant will set you back about $40.00. Add in the cost of a movie ticket at $15.00 and an hour-long taxi ride at $50.00, and your total entertainment cost for an evening out comes to about $105.00.
Note: Houston’s diverse food scene is a culinary delight, offering everything from Tex-Mex to BBQ, all at prices that are often cheaper than the national average.
Healthcare is another significant factor when considering the cost of living. In Houston, you’ll find that healthcare costs are relatively affordable. For example, employer-sponsored health insurance averages $130.00 per month, while non-employer-sponsored plans average around $190.00 per month.
Pro Tip: If you’re planning to move to Houston, make sure to explore various healthcare plans to find one that suits your budget and healthcare needs.
When it comes to taxes, Houston’s sales tax rate is set at 8.25%, which includes the state’s base rate of 6.25% plus an additional 2% added by local jurisdictions. This tax applies to most goods and services you purchase, so it’s important to factor this into your budget when living in Houston.
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In the Greater Houston, the cost factors like housing expenses, gas prices, and the median household income should be factored in.
Houston is one of the more affordable places to live, and the amount of money you need can be less compared to other major cities.
A similar lifestyle in the San Francisco Bay Area might require a higher average salary due to higher housing expenses.
The ticket in Houston for various essentials tends to be cheap compared to other regions. When considering the city or town you’ll call home, remember to account for how prices tend to vary.
The refining industry, particularly due to local refinery operations, also plays a role in keeping certain costs down in Houston.
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The cost of living index in Houston, Texas for 2024 is projected to be around 94.5, which is below the national average of 100. This indicates a relatively low cost of living compared to other major cities in the US.
Prices in Houston tend to be lower than in many other big cities. For instance, housing and transportation expenses are more affordable in Houston, making it an attractive option for those seeking a low cost of living.
The average household income in the Houston area is approximately $75,000 per year. This is competitive when compared to the living costs, making Houston a financially viable choice for many families.
Rent in Houston varies depending on the neighborhood and type of housing. On average, you can expect to pay around $1,200 per month for a one-bedroom apartment in the city center and about $900 per month in the outskirts.
Transportation costs in Houston, TX are relatively moderate. The city has a well-developed public transit system, and the cost of owning and maintaining a vehicle is lower than in many other populous cities.
Food costs in Houston are fairly reasonable. On average, a meal at a mid-range restaurant will cost around $15-$20, and grocery prices are slightly below the national average, contributing to the overall low cost of living in the city.
Childcare costs in Houston can vary, but on average, expect to pay around $1,000 to $1,200 per month for full-time daycare. This is relatively affordable compared to other large metropolitan areas.
Houston, TX benefits from no state income tax, which can significantly reduce the overall tax burden. However, property taxes and sales taxes can be higher than the national average, so it’s essential to consider these when budgeting.
Living in Houston compares favorably to other cities in Texas in terms of cost to live. While cities like Austin and Dallas may have higher living costs, Houston offers a more affordable lifestyle with similar amenities and job opportunities.
The Houston economy is robust and continues to grow, driven by industries such as energy, healthcare, and aerospace. This economic stability contributes to a favorable cost of living and numerous job opportunities in the region.
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