Cost of Living in Denison, TX
Housing
The housing market plays a significant role in determining the cost of living in Denison, TX.
- Housing Index: 75.0 / 100
- Median Home Price is: $253,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1544 per month
When considering a move to Denison, TX, the current housing index stands at 75.0, suggesting a moderately competitive market. With a median home price of 253000, purchasing a home remains an attainable option compared to renting. The average monthly rent for a 2-bedroom apartment is 1200, while a 2-bedroom house averages 1544. Depending on your financial situation, you may want to evaluate the long-term benefits of buying versus renting, especially given the potential for property appreciation in this market. Overall, Denison presents a viable choice for living affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denison, 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 Denison, 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 Denison is a financially viable option for your relocation.