GITNUX MARKETDATA REPORT 2024
Statistics About The Average Cost Of Living Texas
The average cost of living in Texas is slightly lower than the national average, with housing and transportation costs being the primary factors influencing overall expenses.
In this post, we will explore the average cost of living in Texas based on a range of key statistical data points. From the absence of state income tax to specific figures on gas prices, property taxes, utility bills, and more, we aim to provide a comprehensive overview of the financial landscape for residents in the Lone Star State. Stay tuned to gain valuable insights into the economic dynamics that shape the average cost of living in Texas.
Statistic 1
"Texas has no state income tax."
Statistic 2
"Average gas prices in Texas as of 2023 are around $2.80 per gallon."
Statistic 3
"The average property tax rate in Texas is 1.83%."
Statistic 4
"The average water bill in Texas is around $34 per month."
Statistic 5
"Texas's unemployment rate as of 2023 is approximately 4.2%."
Statistic 6
"The average cost of car insurance in Texas is $1,827 per year."
Statistic 7
"The average cost of living in Texas is 8% lower than the national average."
Statistic 8
"Texas ranks 25th in the U.S. for cost of living."
Statistic 9
"The average monthly grocery bill in Texas is $289 per person."
Statistic 10
"The average annual cost of daycare in Texas is about $9,324."
Statistic 11
"The median home cost in Texas is approximately $215,000."
Statistic 12
"The average household income in Texas is $64,034."
Statistic 13
"The average rent for a one-bedroom apartment in Texas is about $1,025 per month."
Statistic 14
"Transportation costs in Texas are around 4% lower than the national average."
Statistic 15
"Texas's minimum wage is $7.25 per hour, the same as the federal minimum wage."
Statistic 16
"Average health insurance premiums in Texas are about $440 per month for a single adult."
Statistic 17
"Utilities in Texas average about $145.55 per month."
Statistic 18
"The cost of living in Austin, TX, is about 2% higher than the Texas average."
Statistic 19
"Healthcare costs in Texas are approximately 1% lower than the national average."
Statistic 20
"Monthly internet bills in Texas average about $60."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
