Cost of Living in Gatesville, TX
Housing
The housing market plays a significant role in determining the cost of living in Gatesville, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $230,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1352 per month
Considering the data provided for Gatesville, TX, it’s clear that the housing market is relatively affordable, particularly with a housing index of 85.0. The median home price of 230000 suggests a buyer-friendly atmosphere, while monthly rents for a 2-bedroom apartment and house at 1200 and 1352 respectively reflect a competitive rental market. These factors make Gatesville a viable option for families and young professionals seeking reasonable living costs. Potential movers should also consider employment opportunities, local amenities, and community resources for a well-rounded decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gatesville, 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 Gatesville, 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 Gatesville is a financially viable option for your relocation.