Cost of Living in Galveston, TX
Housing
The housing market plays a significant role in determining the cost of living in Galveston, TX.
- Housing Index: 95.0 / 100
- Median Home Price is: $317,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1656 per month
Considering a move to Galveston, TX? With a housing index of 95.0, the market appears stable compared to the national average. The median home price stands at 317000, which is competitive if you're looking to buy. For rentals, the average rent for a 2-bedroom apartment is 1600, while a house averages 1656. These figures indicate a modest rental market, favorable for families or those wishing to invest. Keep in mind that lifestyle and job opportunities are just as crucial when deciding to relocate to Galveston.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Galveston, 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 Galveston, 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 Galveston is a financially viable option for your relocation.