Housing costs in Houston?
A typical home costs
$319,700, which is 5.4% less expensive than the national average of
$338,100 and 7.4% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Houston costs
$1,310 per month, which is 2.3% more than the national average of
$1,280 and close to the state average of
$1,300.
Can I afford Houston?
To live comfortably in Houston (zip 77068), Texas, a minimum annual income of
$61,200 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Houston?
The cost of living in 77068 Houston, TX is relatively high compared to other parts of the country. The median list price for homes is about $300,000 and the median rent is approximately $1,500 per month. It is estimated that a family of four needs an income of around $90,700 to cover basic expenses such as food, housing, transportation, healthcare, and other miscellaneous costs. Additionally, taxes are slightly higher than the national average due to Texas’ lack of a state income tax. Despite these higher costs, many still consider living in Houston to be a great value because of its strong economy and highly diverse culture and population.