Cost of Living in May, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.0
100 = national avg
-25.0 vs national average
Living Wage (1 Adult)
$32,982
per year
Living Wage (Family of 4)
$77,958
per year
Cost Index by Category
Housing50.2
Food98.9
Transportation60.2
Healthcare99.1
Utilities89.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$823
per month
2 Bedroom
$1,080
per month
The overall cost of living index in May is 75.0, which is 25.0% below the national average. Housing costs are below the national average at an index of 50.2. A single adult needs to earn approximately $32,982 per year to cover basic expenses.