What is the cost of living in Texas?

Texas is one of the largest and most populous states in the United States, stretching from the Gulf of Mexico on the southeastern side to the Rocky Mountains on the west. Texas offers an appealing lifestyle for those looking for warmer weather and a low cost of living. The cost of living in Texas is lower than the national average, making it an attractive option to individuals looking to get more bang for their buck without sacrificing a great quality of life.

The cost of living is dependent on location. In the larger cities like Austin, Dallas, and Houston, where the population is higher, the cost of living is typically higher due to higher demand for services and products. In some other cities it can be as much as 25% lower than the national average.

Generally speaking, the cost of living in Texas is 7.3% lower than the national average. According to the Missouri Economic Research and Information Center, this difference is mainly due to the affordable housing and low taxes.

Housing

The average home price in Texas is significantly lower than the national average. The median home value in Texas is $177,900, according to Zillow. This is lower than the national median home value of $215,600. The median list price per square feet in Texas is $133, compared to the national median list price per square feet at $139.

Utilities

In regards to monthly utilities, the average monthly electric bill in Texas is around $119, according to US Energy Information Administration. This is significantly lower than the national monthly electric bill of $150. Similarly, the average natural gas bill in Texas is around $37 per month which is lower than the national average bill of $50.

Taxes

In terms of taxes, ‘no state income tax’ is one of Texas’ most attractive features. However, Texans should be aware that there are still taxes. The state sales tax rate in Texas is 6.25%, and localities are allowed to add an additional 2% both on top of that. There is also property tax which is collected at a local level and its rate varies depending on county of residence and home value.

Food and Health Care Costs

Food and healthcare are also important components of one’s budget. Groceries in Texas are around 6% lower than the national average, and health care costs are only 2.9% higher than the national average, according to CNBC.

Transportation Costs

Lastly, in terms of transportation costs, gasoline prices are slightly lower in Texas than the national average. According to GasBuddy, the average regular gasoline price in Texas is currently $2.14 per gallon, which is one cent lower than the national average of $2.15 per gallon.

In conclusion, Texas offers a low cost of living without sacrificing a great quality of life. If individuals are considering a move to Texas, they should keep in mind that housing costs are generally lower than the national average and there are no state income taxes although taxes will still have to be paid for things like sales and property taxes. Additionally, groceries and healthcare costs are close to or below the national average. With its cleaner air, mild climate and cheaper living expenses, it’s easy to understand why many people are drawn to this southern state.

For information about what the cost of living in each city around Texas check out Zippia’s Cost of Living Calculator for Texas.

An Insider’s Guide to the Cost of Living in Austin, Texas

If you’re wondering about the cost of living in Texas, Austin is a vibrant city that has become a popular destination for tourists and newcomers who are intrigued by its distinctive culture, beautiful outdoor spaces, and thriving food and music scenes. Austin is the capital of Texas and the cultural hub of the state. Its lively neighborhoods, diverse communities, and unique local attractions make it an exciting and welcoming destination for travelers. Here’s a guide to experiencing everything that Austin has to offer.

Local Attractions

Austin is home to many attractions that are well-known throughout the state or the country. Here are some must-visit spots in Austin:

– The Texas State Capitol: A gorgeous, historic building with grand architecture and panoramic views of the city.

– Zilker Park: The largest park in the area, it features a botanical garden, canoe rentals, a swimming pool, and many walking trails.

– Barton Springs Pool: A natural spring-fed pool located within Zilker Park, perfect for swimming and relaxing.

– Sixth Street: A bustling nightlife district renowned for its bars, live music venues, and quirky stores.

– Lady Bird Lake: An idyllic reservoir perfect for kayaking, paddle-boarding, or taking a relaxing stroll.

Dining Spots

Austin is known for its food scene, comprising creative cuisine and lively atmospheres. Here are some of the city’s top dining spots.

– Franklin Barbecue: Renowned for juicy, perfectly smoked brisket and long wait lines that are worth the delicious pay-off.

– Uchi: A high-end sushi restaurant that mixes Japanese and Texas flavors for a unique dining experience.

– Ramen Tatsu-Ya: A beloved local chain that serves up hot, steamy ramen bowls that will tickle your taste buds.

– Top Notch Hamburgers: An old-school burger joint that has been in operation since the 1970s. Expect classic flavors at a great price point.

Cultural Experiences

Austin is also known for its diverse and vibrant cultural scene. Here are some of the destinations to visit if you want to soak in the city’s local vibe.

– The Blanton Museum of Art: A modern and contemporary art museum located on the University of Texas campus.

– The Bullock Texas State History Museum: A visual and interactive experience of Texas’ history and daily life.

– Mexic-Arte Museum: A museum dedicated to contemporary Mexican, Latino, and Latin American art.

Local History

Austin has a rich history layered with unique stories and heritage. Here are some of the spots to visit if you’re looking to learn more about Austin’s past.

– The French Legation Museum: A historic house museum that tells the story of the building’s various occupants and the city’s early history.

– The Elisabet Ney Museum: A museum presenting the life and work of German-American sculptor Elisabet Ney and featuring the amazing collection of her sculptures.

Off-the-Beaten-Path Suggestions

Finally, if you’re looking for something a little different than the typical tourist hotspots, try out these exciting suggestions:

– The Hope Outdoor Gallery: This unique outdoor art gallery-turned-nonprofit serves as a community-driven educational and event space experience.

– The Bat Bridge: Take a stroll down Congress Avenue Bridge around dusk each night to watch over a million Mexican free-tailed bats take to the sky.

– The Broken Spoke: One of Texas’ most open-hearted dance halls and honky-tonks, featuring live country music and dancing most nights.

With this insider’s guide, you’re well & truly on your way to experiencing all that Austin, Texas has to offer, all while not breaking the bank. Remember, in Austin, the cost of living is budget-friendly and adventure awaits around every corner.