Cost of Living in Frisco, TX

Housing

The housing market plays a significant role in determining the cost of living in Frisco, TX.

• Housing Index: 125.0 / 100
• Median Home Price is: $497000
• Average Rent (2 BR Apartment): $2400 per month
• Average Rent (2 BR House): $2480 per month

Considering moving to Frisco, TX? The housing index stands at 125.0, indicating the overall cost of living in relation to the national average. With a median home price of 497000 and average rent for a 2-bedroom apartment at 2400 and a house at 2480, it suggests a competitive real estate market. While this can be a barrier for buyers due to higher prices, rental options may provide flexible living arrangements. Keep in mind, population growth and amenities can also influence your decision!

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Frisco, 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.): $275 per month

Living in Frisco, 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 275 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $144567

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Frisco, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.