Texas Cost of Living Calculator
Compare Texas cost of living (index: 93.9). Calculate equivalent salary needed when moving to or from Texas.
How This Calculator Works
Calculation methodology and assumptions
This calculator compares purchasing power between locations using cost of living indices. Texas's cost of living index is 93.9 (100 = national average). The equivalent salary is calculated as: Current Salary × (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.
Key State Information
Texas cost of living index: 93.9. Texas is close to the national average in overall cost. Texas's lack of state income tax provides additional savings for residents. Median household income: $67,321. Median 2BR rent: $1275/month.
Frequently Asked Questions
What is the cost of living in Texas?
Texas's cost of living index is 93.9, where 100 is the national average. This means living in Texas costs about 6% less than the national average.
Is Texas expensive to live in?
Texas has a moderate cost of living, close to the national average. Median home price: $310,000.
How much do I need to earn in Texas to live comfortably?
Based on a cost of living index of 93.9 and the 50-30-20 budgeting rule, a comfortable salary in Texas would be approximately $47,889/year for a single person renting a 2BR apartment.
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