Cost of Living in Fort worth, TX
Housing
The housing market plays a significant role in determining the cost of living in Fort worth, TX.
- Housing Index: 110.0 / 100
- Median Home Price is: $340000
- Average Rent (2 BR Apartment): $1300 per month
- Average Rent (2 BR House): $1360 per month
Considering the data for Fort worth, TX, the housing index of 110.0 indicates that it is slightly above the national average. With a median home price of 340000 and average rents of 1300 for a 2-bedroom apartment and 1360 for a 2-bedroom house, affordability may be a concern for potential residents. It's also worth noting that regions with higher housing indices often come with added amenities and job opportunities, making housing investments potentially worthwhile despite higher initial costs. Assess your budget and priorities before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort worth, 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.): $250 per month
Living in Fort worth, 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 $250 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 Fort worth is a financially viable option for your relocation.