STUDY: Here are the Texas cities with the highest, lowest cost of living

AUSTIN (KXAN) –  When it comes to the cost of living in the Lone Star State, Austinites pay the most while those living in Midland pay the least, according to a new analysis by Texas Real Estate Source.


New study tracks California to Texas migration

Property experts for the real estate search engine analyzed several factors – including property taxes, utilities and prices of some goods and services – and compared them with the average income per capita to determine the cost of living in the state.

Texas Real Estate Source then gave each city a score based on the analysis to rank them.

“When you are on the hunt for a new home, the price of the house isn’t the only thing to consider as there are plenty of other factors that can contribute to your living expenses: utilities, nearby restaurants, transport, and much more. Fortunately, this data not only determines the cities with the lowest cost of living but also reveals some of the most affordable factors,” a spokesperson for the Texas Real Estate Source said.


MORE: This is what $2,000 in rent will get you in these Texas cities

When conducting the analysis, Texas Real Estate Source included information on per capita personal income; the median property sale price for 2021 and 2022; utility prices; transportation costs; prices of clothing, like jeans and shoes; cost of some common grocery items; and goods related to leisure, like the price of a cappuccino, bottle of wine and a movie ticket.

 

AUSTIN (KXAN) –  When it comes to the cost of living in the Lone Star State, Austinites pay the most while those living in Midland pay the least, according to a new analysis by Texas Real Estate Source.


New study tracks California to Texas migration

Property experts for the real estate search engine analyzed several factors – including property taxes, utilities and prices of some goods and services – and compared them with the average income per capita to determine the cost of living in the state.

Texas Real Estate Source then gave each city a score based on the analysis to rank them.

“When you are on the hunt for a new home, the price of the house isn’t the only thing to consider as there are plenty of other factors that can contribute to your living expenses: utilities, nearby restaurants, transport, and much more. Fortunately, this data not only determines the cities with the lowest cost of living but also reveals some of the most affordable factors,” a spokesperson for the Texas Real Estate Source said.


MORE: This is what $2,000 in rent will get you in these Texas cities

When conducting the analysis, Texas Real Estate Source included information on per capita personal income; the median property sale price for 2021 and 2022; utility prices; transportation costs; prices of clothing, like jeans and shoes; cost of some common grocery items; and goods related to leisure, like the price of a cappuccino, bottle of wine and a movie ticket.

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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