Housing costs in West University Place?
A typical home costs
$1,267,800, which is 275.0% more expensive than the national average of
$338,100 and 326.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in West University Place costs
$1,950 per month, which is 36.4% more than the national average of
$1,430 and 34.4% more than the state average of
$1,280.
Can I afford West University Place?
To live comfortably in West University Place, Texas, a minimum annual income of
$243,000 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about West University Place?
West University Place, TX is known to have a high cost of living in comparison to other parts of the country. The median value of homes in the area is $812,500 according to NeighborhoodScout which is more than three times the national median home value. Utility costs in West University Place are also higher than other areas, with residents paying an average of $160 a month for utilities such as water, garbage, and electricity. Even groceries and dining out can be quite expensive due to the high taxes charged by retailers. All these factors combined make it difficult for those on lower incomes to live comfortably in this area.