Cost of Living in Denison, TX
Housing
The housing market plays a significant role in determining the cost of living in Denison, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $253,000
- Average Rent (2 BR Apartment): $1443 per month
- Average Rent (2 BR House): $1568 per month
When considering a move to Denison, TX, the current housing index stands at 98.2, suggesting a moderately competitive market. With a median home price of 253000, purchasing a home remains an attainable option compared to renting. The average monthly rent for a 2-bedroom apartment is 1443, while a 2-bedroom house averages 1568. Depending on your financial situation, you may want to evaluate the long-term benefits of buying versus renting, especially given the potential for property appreciation in this market. Overall, Denison presents a viable choice for living affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Denison, 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.): $235 per month
Living in Denison, 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 $235 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 Denison is a financially viable option for your relocation.