Is Houston An Affordable City to Live In?

If you’ve scrolled through the news recently, you may have noticed that multiple sources are reporting that the average cost of living in the United States is rising rapidly. Along with this, the costs of owning a home and affording basic necessities is also rising, prompting millions of people across the U.S. to look for more affordable places to live. 

One place that many families have been moving to over the past few years is Houston, a city located near the Gulf of Mexico in the southern portion of the Lone Star State. In fact, in 2023, the Houston metropolitan area was one of just five metros in the U.S. to experience a population growth according to a recent report from the Great Houston Partnership. But why are so many people moving to this Texas city? Simply put, Houston is an affordable city to live in compared to most other cities in the United States, and there are several compelling reasons why individuals and families should consider moving here. Let’s take a look at a few of them.

Lower Than Average Cost of Living

There are several factors that determine a city’s average cost of living; among these are healthcare costs, housing prices, grocery bills, and any other essentials that the average person pays for. Houston’s average cost of living has historically been lower than the national average, which means that people can more easily afford basic goods and services compared to other metropolitan areas. With the added savings from living in Houston, you and your family can focus more on getting out of the house and going on fun adventures this summer!

Thriving Job Market

Along with the city of Houston’s comparatively low cost of living, the job market here is blossoming as well. According to the U.S. Bureau of Labor Statistics, the greater Houston area experienced a 2.4% rate of job gain in April of 2024, meaning that more people were hired than unemployed. Plus, several notable companies have been moving their headquarters and business operations to Houston, and with these new companies comes tons of available jobs. This is a sign of a strong economy in Houston that contributes to a high quality of life for its 2.3 million residents.

Lots of Available Housing

With more people moving to Houston every year, the number of homes being built to accommodate these new residents has also increased. In fact, the Houston metropolitan area led the nation in 2023 in issued building permits. Houston also has a wide variety of different homes and neighborhoods that fit different budgets, so there truly is a place for everyone to call home in Space City. Plus, the rise of single-family rental homes in Houston has made it easier than ever for families to get the home of their dreams at a cost they can afford.

Choose A HomeSite Residential Community to Call Home!

Houston is a city that offers an incredible quality of life with affordable everyday costs, and if you and your family are interested in moving to this amazing city, HomeSite Residential has your future home available for rent! Our luxurious single-family homes and townhomes have everything you need to live life to the fullest, from included landscape maintenance to private yards and more. Our communities are conveniently located just a few miles away from downtown Houston and are move-in ready; view our available listings today to find your next home!