Cost of Living in Allen, TX
Housing
The housing market plays a significant role in determining the cost of living in Allen, TX.
- Housing Index: 110.0 / 100
- Median Home Price is: $440,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1845 per month
Considering a move to Allen, TX? The housing index stands at 110.0, indicating the market is slightly above the national average. With a median home price of 440000, coupled with average rents for a 2-bedroom apartment at 1800 and a house at 1845, it's crucial to evaluate your budget against these costs. Additionally, with job growth and interest rates fluctuating, it's wise to consider long-term investment potential versus immediate rental needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Allen, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Allen, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Allen is a financially viable option for your relocation.