Cost of Living in Gainesville, TX
Housing
The housing market plays a significant role in determining the cost of living in Gainesville, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $211,000
- Average Rent (2 BR Apartment): $1330 per month
- Average Rent (2 BR House): $1446 per month
Considering a move to Gainesville, TX? With a population of and a median age of , this community presents a youthful yet stable environment. The median income stands at , but a notable % of residents live below the poverty line, indicating some economic challenges. The rate of married families is relatively low at %, suggesting a diverse demographic. Additionally, an unemployment rate of % may impact local job opportunities. Evaluate your priorities, as this city offers a blend of potential and hurdles for newcomers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gainesville, 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 Gainesville, 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 Gainesville is a financially viable option for your relocation.