Cost of Living in Beaumont, TX
Housing
The housing market plays a significant role in determining the cost of living in Beaumont, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $281000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1365 per month
In Beaumont, TX, the housing market presents an interesting opportunity for potential movers. With a housing index of 85.0, it suggests a relatively affordable living environment. The median home price of 281000 is competitive, especially when compared to the average rent of 1200 for a 2-bedroom apartment and 1365 for a 2-bedroom house. These figures indicate that purchasing a home may be more advantageous long-term, given the lower cost of homeownership compared to renting. As always, conducting thorough local research is crucial for informed decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Beaumont, 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 Beaumont, 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 Beaumont is a financially viable option for your relocation.