What Is The Average Cost of Living and Rent in Houston, Texas?

The city of Houston is near and dear to our hearts at HomeSite Residential; all of our rental home communities are located around the greater Houston area. We think that Houston is one of the best places to live in the country thanks to its unique culture and comparatively low cost of living. Thousands of people from all across the country are moving to Houston, and if you’re considering making the move yourself, it’s important to know about the average cost of living and rent rates around the city. Let’s break down the expenses that come with living in the Space City as well as how the average cost of living stacks up compared to the rest of the country. 

Overall, Houston Is Affordable to Live In Compared to Other Cities

In recent years, Texas cities have become popular places to move to thanks to how affordable they are to live in. Houston is no exception; the city’s average cost of living is 8% lower than the national average. Of course, everybody has different standards of living, so if you want to calculate the average cost of living based on your salary, use this cost of living calculator to gain a more accurate perspective of your situation. Here are the three main factors that contribute to Houston’s low cost of living score:

Housing in Houston Is Quite Affordable

In the average person’s lifetime, their home will be the most expensive purchase that they will have to make. Thankfully, if you’re planning on moving to Houston, you will be amazed to discover how affordable housing is in the city! On average, housing expenses in Houston are a whopping 18% lower than the national average, which includes the average cost of rent and utilities. Houston has experienced a rapid growth in the number of rental home communities, which give residents the ability to enjoy a full-sized home without the burden of a mortgage. 

Grocery Bills Also Tend To Be Lower in Houston

Everyone has to eat, and the cost of getting groceries in Houston will delight you if you enjoy cooking at home. The average grocery bill in Houston is 6% lower than the average in the United States; this is mostly attributed to the relatively low tax rates that the state of Texas has on produce and other food items. If you enjoy going out to eat, Houston is also full of several fun restaurants and things to do, so there’s never a shortage of foods to taste and new things to experience in the city.

Affordable Healthcare Makes Houston A Compelling Choice

Staying healthy is important, but as many of us know, healthcare expenses can stack up and become a huge burden. Fortunately, on average, living in Houston can reduce your healthcare expenses by up to 5%. This includes regular checkups as well as dental, optical, pharmaceutical, and veterinary care, so you can be better prepared for whatever life throws at you. Plus, several notable hospitals and medical specialists are located in Houston, which adds peace of mind.

Moving to Houston? Rent a Home with HomeSite!

There are several reasons why families all over America are moving to Houston; perhaps the most prominent reason is the cost of living being much lower than average. Of course, anytime you move to a new city, there are a lot of things to consider before moving, and one of the most important steps is finding your future home. Fortunately, renting a home with HomeSite Residential is easy! We have three rental home communities in the Houston area, and our hassle-free application process makes it easy to rent our beautiful, newly-constructed single-family homes. Contact us today to learn more about homes for rent in Houston!