Cost of Living in Midland, TX
Housing
The housing market plays a significant role in determining the cost of living in Midland, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $345000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1270 per month
Considering a move to Midland, TX based on the provided housing data reveals some enticing prospects. The housing index of 85.0 indicates that it is a relatively affordable market compared to national averages. With a median home price of 345000, buying a home could be a suitable investment for many. Renters will find reasonable monthly payments, with the average rent for a 2-bedroom apartment at 1200 and for a 2-bedroom house at 1270. Be sure to also account for other living costs and quality of life factors in this decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Midland, 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.): $200 per month
Living in Midland, 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 $200 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 Midland is a financially viable option for your relocation.