Cost of Living in Addison, TX
Housing
The housing market plays a significant role in determining the cost of living in Addison, TX.
- Housing Index: 110.0 / 100
- Median Home Price is: $395,000
- Average Rent (2 BR Apartment): $1481 per month
- Average Rent (2 BR House): $1610 per month
When considering a move to Addison, TX, the housing market presents some key indicators. The housing index of 110.0 illustrates that the cost of living is 20% above the national average. With a median home price of 395000, potential buyers must be prepared for a significant investment. The average rent for a two-bedroom apartment sits at 1481, while renting a two-bedroom house averages 1610. It's essential to weigh these costs against local income levels and job opportunities before making a decision to move to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Addison, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Addison, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Addison is a financially viable option for your relocation.