Whether you're considering relocation to Houston, Texas or just curious about the cost of living in Houston, Texas, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Houston, Texas, you might want to investigate local mortgage rate options before you put your house up for sale.
Cost of Living in Houston, Texas by Expense Category
Houston Cost of LivingIn Houston, cost of living is greatly impacted by the price of housing. With housing costs at 22 percent less than the national average, this city is a great place to live. With the average cost of living so low, does Houston have much to offer when it comes to entertainment or employment options? The answer is, yes! Downtown Houston has many options for casual and fine dining, a theater district with nine major performing arts centers and six performance halls and is home to the NASA Lyndon B. Johnson Space Center. With the wide variety of cultural activities in Houston, it is safe to say that this big city has it all. Houston is also home to the Texas Medical Center, the largest medical center in the world. Over 52,000 residents of Houston work in the Texas Medical Center, making it a large part of the city’s economy.
The cost of living in Houston is 10 percent lower than the national average, but how does that compare to where you live? Use PayScale’s Cost of Living Calculator to compare Houston's cost of living to the cost of living in your own city.
Salaries in HoustonHome to numerous Fortune 500 companies and energy firms, Houston is truly a city with many opportunities for high-paying jobs. The largest industry in Houston is the oil industry, creating demand for petroleum engineers. The median Petroleum Engineer Salary in Houston is around $100,000, which is a very high salary considering the low cost of living there. Besides oil and gas, careers in health care and utilities can also be lucrative. This is shown on the PayScale chart comparing Salaries in Houston by Industry. The median salary range for residents of the Houston area starts at around $46,000 and increases to around $82,000 depending on experience level. To see this salary progression, take a look at the chart showing Houston Salaries by Years Experience.
With its diverse culture, relatively low cost of living and competitive salaries, Houston, Texas can be a fantastic place to live. One drawback to living in one of the largest cities in the country is that the Average Commute Time in Houston is almost thirty minutes. Luckily, the low cost of living in Houston includes relatively low transportation costs.