Cost of Living in Texas 2022

It’s the new California. All of the celebrities are moving there. It has quite the tech hub. You’ve probably heard people say these things and more about Austin, TX. But Austin isn’t the only city that’s getting attention around Texas. With the cost of living in Texas remaining low, despite rising prices in several other places, a few cities in the state are worth considering.

In the article, we’ll break down a few things that contribute to the cost of living in Texas. And some thoughts worth considering if you’re planning on making a move.

 

Overall cost of living in Texas

The overall cost of living in Texas is slightly less than in other states in the US. On an index of 100, with 100 being the US average, Texas sits at about 94. The cost of living in Austin, however, is closer to 120, while the cost of living in Dallas is about 102. And there’s a much more significant shift when comparing housing in Austin to other Texas cities.

 

Housing costs in Texas

In general, housing tends to lower the cost of living in Texas. Overall housing costs sit around 84. However, housing in Austin is costly right now, sitting at about 160 on the index. By comparison, housing in Dallas is approximately 93. Of course, you can find a new home for even less in other cities. The cost of new home construction in Seguin, Texas, starts in the high $200ks, while new home construction in Spring, just outside Houston, starts in the mid-$200ks.

 

Other Texas living expenses

Things like utilities, groceries, and health costs are all slightly below average in the state; this helps keep the cost of living in Texas low. However, you might have to pay somewhat more for transportation. In even smaller cities, transportation costs seem to run above average—which is not something you would expect from a state that’s famous for making so much of its money from oil.

 

If you’re looking for some of the cheapest places to live in Texas, however, it might help to know that you’ll find plenty of places to live within the state that are in or near major cities still. So you can have the life you’re looking for at the cost you’re looking to pay without making too many sacrifices.

 

Of course, there are plenty of reasons to consider moving to Texas besides the low cost of living. Austin is a budding city, and while its housing costs have risen dramatically compared to Los Angeles, it’s still much more affordable. Housing in Los Angeles sits at an astounding 298 on the index compared to Austin’s 160, so it depends on what’s drawing you to Texas in the first place.

 

If it’s the warm weather you’re after, you’ll find plenty of affordable cities that offer year-round sunshine without the price tag. But if you’re looking for the next big city to live in—now might be your chance to move to Austin. According to some, Austin’s housing market is expected to grow over the next eight years.

 

If you’re thinking about buying a new home, here’s a home buying checklist to help you out. Or if you’re just starting to explore new cities to relocate to and finding something affordable is important, here are some of the cheapest cities in the US to consider. Regardless of where you land, though, while the housing market remains pretty competitive, you’re likely to find that interest rates on homes are still relatively low.

 

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Published 04.07.22

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