Housing costs in Galveston?
A typical home costs
$312,500, which is 7.6% less expensive than the national average of
$338,100 and 5.0% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Galveston costs
$1,210 per month, which is 5.5% cheaper than the national average of
$1,280 and 7.4% cheaper than the state average of
$1,300.
Can I afford Galveston?
To live comfortably in Galveston (zip 77550), Texas, a minimum annual income of
$59,760 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Galveston?
Living in 77550 Galveston, TX is relatively affordable. The area has a cost of living index score of 95.3 which is just below the national average of 100. Rent costs are especially affordable - around $900 per month for a one-bedroom apartment - and utilities are equally as inexpensive. Groceries, transportation, and entertainment can also be purchased at relatively low prices compared to other parts of the U.S. Additionally, there is no state income tax in Texas, meaning you can keep more of your earnings for yourself instead of contributing to the government coffers. All-in-all, 77550 Galveston offers a reasonably priced lifestyle that won't break the bank.