Complete Breakdown of the Cost of Living in Texas, USA in 2024

Thinking about making Texas your home sweet home, If yes, then, you've come to the right place. In this comprehensive breakdown, we'll dig into the nitty-gritty of the cost of living in Texas in 2024. From housing and grocery costs to transportation and more, get ready to uncover everything you need to know about the cost of living in Texas.

What is the Average Cost of Living in Texas, USA?

Texas, the 2nd largest state in the U.S. in terms of area, boasts expansive landscapes ideal for affordable housing and a thriving job market. With a cost of living 7% below the national average, the average cost of living in Texas per month stands at $3,760.

• The cost of living in Texas for a family of 4 is $4,301 which is 3,57,759
• The cost of living in Texas for a single person is $1,215 which is 1,01,064

Summary of the Cost of Living in Texas Per Month

Now that we have a fair idea of the cost of living in Texas for Indian families, let us take a closer look at the breakdown costs for essential aspects such as grocery, food, utilities, and housing. This will enable us to have a better understanding of the financial implications

Living Expense in Texas: Grocery

Grocery expenses in Texas are reasonable, with most grocery items being exempt from taxation. On average, a single individual in Texas can expect to spend approximately $226.20 per month on groceries

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How Much Does Housing in Texas Cost?

The housing price in Texas is 12.0% lower than the national average and at par with the state average. Renting a two-bedroom apartment in Texas costs around $2,719 per month, which is 10.5% less than the national average and in line with the state average.

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Cost of Living in Texas Per Month: Utilities

When talking about the average cost to live in Texas, how can we forget the necessities which include electricity, water, and internet? That typically falls in the range of $45 - $132. These expenses vary depending on location, household size, and energy consumption habits.

Monthly Expenses in Texas: Transportation

Discussing the price of living in Texas, Transportation typically falls below the national average, thanks to the accessibility of oil reserves and the significant presence of the petrochemical sector, which helps stabilize fuel prices. The table indicates the cost of various modes of transportation.

Average Cost to Live in Texas: Healthcare

Healthcare costs in Texas vary across cities, with the city, of Houston in Texas offering some of the lowest costs due to its robust healthcare infrastructure centered around the Texas Medical Center.

• The average monthly health insurance premium in Texas across all plan tiers is approximately $470.
• For a 40-year-old individual, a Silver-tier plan, suitable for the average consumer, costs around $590 per month.

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Average Living Expenses in Texas: Taxes

One of the appealing aspects of residing in Texas is the absence of state income tax, presenting an opportunity for considerable cost savings among residents.

• Residents are subject to a 6.25% state sales tax, contributing to an average total sales tax rate of 8.2%.
• Texas property taxes are relatively high, with an average effective property tax rate of 1.8%.
• Some areas in Texas feature lower property tax rates, and homeowners can leverage various tax exemptions.

Cheapest Cities to Live in Texas

For 2024, the cost of living index in Texas is 93, making it the 34th lowest cost of living state in the U.S., compared to Hawaii in the USA which has a cost of living index of 179. Let’s take a look at some of the cheapest cities in Texas to live

Navigating the Texan Way of Life with GetGIS

In conclusion, understanding the cost of living in Texas is crucial for anyone considering a move to the State. Texas offers a diverse range of living expenses to suit various budgets and lifestyles. However, making the transition smoother and maximizing your experience in Texas is where GetGIS steps in.

Whether you're seeking assistance with obtaining permanent residency, planning to study abroad, or needing post-landing services, GetGIS provides support to help you settle seamlessly. What are you waiting for? Go ahead and Book a Free Consultation Today!