Cost of Living: Houston, TX vs Phoenix, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Houston | Phoenix |
|---|---|---|
| Housing Index | 115.4 | 115.0 |
| Median Home Price | $321,000 | $358,200 |
| Average Rent (2 BR Apartment) | $1653 | $1611 |
| Average Rent (2 BR House) | $1797 | $1751 |
Housing Comparison: Houston vs Phoenix
- The median home price in Phoenix is higher at $358,200, compared to $321,000 in Houston.
- Renting a two-bedroom apartment costs more in Houston at $1,653 than in Phoenix at $1,611.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Houston | Phoenix |
|---|---|---|
| Electricity Price | $14.47 | $15.14 |
| Natural Gas Price | $26.29 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Houston vs Phoenix
- Phoenix has higher electricity costs at $15.14 per kWh, versus $14.47 in Houston.
- Natural gas is more expensive in Houston at $26.29 per unit, while it is cheaper at $23.51 in Phoenix.
- Utility expenses are equal in both Houston and Phoenix averaging $250.