The USA is full of incredible places to live in. There are a variety of different climates, landscapes, and identities to choose from. One of the most popular states to move to is Texas, as it currently has one of the fastest-growing populations in the country. It has many of the largest cities in the country, as well as several smaller cities for a more laid-back lifestyle.
It is popular for a number of reasons from the great weather, to the outstanding and varied culture, and everything in between. However, before you immediately decide to move to Texas, you should become aware of the cost of living. That is a very important metric to be aware of before you make any move.
With that in mind, let’s learn a little more about the cost of living in Texas.
Utilities
One of the recurring costs you’ll need to manage when you move to Texas is your utilities. You will be paying a variety of utilities every month, and you want to have an idea of how much they will cost. The average amount in Texas is just around $400 a month, but that includes water, electricity, natural gas, internet, and cable TV.
However, the exact amount you pay for utilities will depend on the provider you go with. See, in Texas, things like energy and power are deregulated, so you’re free to choose your own provider. Different providers will have different rates and potentially different features and options as well.
If you want to learn more about the costs of energy and other utilities in Texas, check on this URL: https://www.energybot.com/texas-energy.html
The Cost of Real Estate
Another huge aspect of the cost of living comes down to real estates like home prices and rent. Housing costs make up the largest debt most people have, and people prefer to spend less than more when it comes to housing.
Despite the many positives of living in Texas, the homes are still relatively affordable. The average home in Texas is valued at just over $200,000, which isn’t overpriced or anything when compared to the rest of the country. While the home prices are on the rise as the state continues to become more popular, they certainly aren’t too high for what Texas offers you.
With how large Texas is, and the various cities and towns to choose from, you can certainly find a home or apartment that fits your needs. The moderate housing prices are one of the biggest things that keep the cost of living in Texas relatively low.
Taxes
One of the biggest things to know about the cost of living in Texas comes down to taxes. In many states across the country, taxes can be among your biggest costs every year, especially things like income taxes. However, in Texas, that is certainly not the case. There is no state income tax, no estate tax, and an average sales tax. This means people are taxed very little compared to many other states.
Sure, the property tax is a little more, but with the lack of a state income tax, you will still save. This is good for everyone and is part of the reason the state is so popular. The overall tax burden is among the lowest in the entire country, which can save residents thousands.
In conclusion, we hope this article has been able to help you learn more about the cost of living in Texas in 2020. In addition to what we have mentioned, other things like groceries, healthcare, and transportation can also factor in the true cost of living in an area.
