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Blog Sep 20, 2019

The Cost of Living in Houston

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Are you thinking about moving to a major Texas city in the near future? Many Texans and transplants from other parts of the country love the eccentricity of Austin and the traditional Texas culture of Dallas. But Houston has become one of the most popular places for people of all stages of life to settle down. With a population of 2.1 million and growing, namely because of the cost of living and booming job market, Houston is an extremely attractive city to move to regardless of your stage of life. Between the many downtown neighborhoods within The Loop and the sprawling suburban areas outside of it, the real estate market and cost of living in Houston, Texas is accessible for a wide range of people.

Cost of Living in Houston

The cost of living in Texas is one of the most important things to consider when you are thinking about moving. Between the cost of housing and utilities, particularly when deciding between living in different neighborhoods, and the cost of transportation, monthly bills can add up very quickly. Houston has proven to have an accessible cost of living for any budget.

Housing

The cost of housing is quickly determined by where you are in relation to Interstate 610, commonly referred to as “The Loop.” Young professionals typically live, play, and work within the Loop, or downtown Houston, in notably expensive neighborhoods such as West University, River Oaks, East Downtown (EaDo) and The Heights. Even so, Apartment List’s March 2019 report states that the Houston rental market is cheaper than the national average. For instance, you can rent a studio apartment in Houston for an average of $735, which is almost $100 less than the national average, and $200 less expensive the cost of the average studio apartment in Austin.

 

Many families decide to buy a home outside of The Loop in more affordable neighborhoods such as the Bay Area, Cypress, Katy, Sugar Land and The Woodlands. The Houston real estate market is considerably more accessible than other major Texas cities, with the cost of an average single-family costing $237,900, according to the National Association of Realtors (2018). In comparison, the average single-family home would cost $254,900 in Dallas and $310,400 in Austin. In terms of real estate, Houston clearly has the best cost of living amongst the biggest cities in Texas.

Commuting

Houston is a sprawling city, and if you’re considering living outside of The Loop, you will most definitely need a car. Expect an hour commute regardless of where you live, and with the Texas heat on full blast year-round, you’ll want to invest in a car with good air conditioning and gas mileage. The average cost of regular gasoline in Houston is 2018 was $2.42.

Living within The Loop allows residents to take advantage of public transportation. In this case, for only $90 you can purchase a 30-dat unlimited pass on Houston’s METRO public transportation system. But overall, Houston is a driving city, and it is rare for residents to not own a car.

Utilities

One of the biggest benefits of moving to Houston is that residents can count themselves lucky to live within the limits of Texas’ deregulated electricity market. Residents have the freedom to select an energy provider from various energy companies that serve the area, providing an opportunity to save lots of money on monthly electricity bills and the overall cost of living. Houston residents are charged an average of 10.98 cents per kilowatt-hour for their energy consumption, which is more than a cent less than the average rate paid nationwide.

 

Payless Power provides the best prepaid and standard energy plans with no cancelation fees and no deposit in the area. Payless Power helping people in Houston get better energy rates and save money on their average power bill, regardless of income or credit history. As a family-owned energy provider and not one of the giant energy suppliers, Payless Powers takes great pride in serving our energy customers with care and respect.

Houston’s Cost of Living Can Work For Anyone

The cost of living in Houston is something you can can certainly add to the “Pro’s” column of why you should move to Houston compared to other major Texas cities. Visit today to get a taste of the culture waiting for you in Houston, Texas.

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