Texas Cost Of Living Statistics

Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Texas Cost Of Living Statistics 2023: Facts about Cost Of Living in Texas reflect the current socio-economic condition of the state.


LLCBuddy editorial team did hours of research, collected all important statistics on Texas Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a Texas LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Texas Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Texas Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 13 Texas Cost Of Living Statistics on this page 🙂

Texas Cost Of Living “Latest” Statistics

  • Texas has a 7% cheaper average cost of living than the rest of the country.[1]
  • When compared to the typical U.S. city, certain Texas communities’ costs range from 23% cheaper to 12% higher.[1]
  • Texas’s average monthly housing costs range from $900 to $1,641.[2]
  • According to the C2ER Cost of Living Index Q3 ‘22, Houston has the second lowest cost of living among the most populated U.S. metro regions.[3]
  • Numbeo.com figures for 2022 show that in Austin, a gallon of milk and a pound of apples cost $3.81 and $2.18 respectively.[4]
  • According to U.S. Energy Information Administration (EIA) statistics from 2020, Texas’s average monthly energy cost in 2021 was $132.59.[4]

Texas Cost Of Living “Living” Statistics

  • The MIT living wage calculator estimates that a single adult without children living in Texas should budget $3,428 for food per year.[4]

Texas Cost Of Living “Other” Statistics

  • The state sales tax rate in Texas is 6.25%, or 8.19% if you include it in the average local rate.[1]
  • With regard to overall sales tax, Texas is ranked as having the 14th highest percentage in the nation.[1]
  • In Texas, the gas tax is 20 cents per gallon, and the sales tax varies from 6.25% to 8.25%.[4]
  • According to the most recent U.S. Census Bureau, only 37,063 Texans relocated to California whereas 82,235 Californians moved to Texas in 2019.[1]
  • According to statistics from the Bureau of Economic Analysis for 2020, texas’s average total annual expenditure for personal consumption is $39,661.[2]
  • According to NAHB, 63.6% of houses sold in Austin are accessible to families making more than the city’s median family income, which is higher than the country’s average affordability rate of 58.3%.[5]

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How Useful is Texas Cost of Living

One of the key factors that makes the cost of living in Texas so appealing is the state’s lack of income tax. This can be a major advantage for those looking to save money and stretch their budgets further. Additionally, the average cost of housing in Texas is lower than in many other states, providing residents with more affordable options for homeownership or rental properties.

On the flip side, Texas does have some areas where the cost of living can be higher than the national average. For example, the price of healthcare services and insurance premiums can be relatively high in certain regions, which may pose a financial burden for some residents. Additionally, utility costs, particularly during the hot summer months when air conditioning usage is at its peak, can add up quickly and make it more challenging for individuals to keep their expenses in check.

However, despite these potential challenges, many Texans find that the overall cost of living in the state is manageable and provides them with a good balance of affordability and quality of life. With a growing economy and job market, there are ample opportunities for individuals to find well-paying jobs that can help offset any higher costs they may face in certain areas. Additionally, Texas offers a wide range of services and amenities that can enhance residents’ overall quality of life, such as top-tier healthcare facilities, recreational opportunities, and cultural attractions.

Ultimately, the usefulness of the Texas cost of living will depend on each individual’s circumstances and priorities. For some, the state’s affordable housing options and lack of income tax may make it a highly attractive place to live and work. For others, the higher costs associated with certain aspects of living in Texas may be something they need to carefully consider and budget for.

Overall, the Texas cost of living can be a useful tool for individuals and families who are considering a move to or within the state. By understanding the various factors that contribute to the overall cost of living in Texas, residents can make informed decisions about their finances and lifestyle choices. Being aware of these costs can help individuals plan ahead, budget effectively, and ensure that they are able to enjoy all that the Lone Star State has to offer without breaking the bank.


  1. ramseysolutions – https://www.ramseysolutions.com/real-estate/cost-of-living-in-texas
  2. sofi – https://www.sofi.com/cost-of-living-in-texas/
  3. houston – https://www.houston.org/houston-data/cost-living-comparison
  4. smartasset – https://smartasset.com/mortgage/what-is-the-true-cost-of-living-in-texas
  5. austinchamber – https://www.austinchamber.com/economic-development/austin-profile/cost-of-living/overview

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