Cost of Living in Houston, TX
Housing
The housing market plays a significant role in determining the cost of living in Houston, TX.
- Housing Index: 115.4 / 100
- Median Home Price is: $321,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Considering a move to Houston, TX? Housing data reveals a housing index of 115.4, indicating higher living costs compared to the national average. The median home price stands at 321000, which could imply a competitive real estate market. If renting is your preference, anticipate paying an average of 1800 for a 2-bedroom apartment or 1920 for a 2-bedroom house. Keep in mind that the local amenities and quality of life might justify these prices, essential factors to evaluate before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Houston, 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 Houston, 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 Houston is a financially viable option for your relocation.