Cost of living in Fresno research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fresno is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fresno is 96, with 100 being the average.
The cost of living index in Fresno is 1.0x lower than the national average.
Fresno ranks as the #281 cheapest in Texas out of 405.
Fresno ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Fresno is $195,300.
The median income in Fresno is $80,362.
According to the most recent data on the cost of living, Fresno has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Texas, Fresno has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Fresno ranks as #281 most affordable out of the 405 places we measured in Texas. By definition, that implies Fresno ranks as the #124 most expensive place in the Lone Star State.
For more reading on life in Fresno, check out:
Six factors go into calculating the cost of living index in Fresno. Here is how it fairs on each of the criteria:
The Services index in Fresno is 98.
The Groceries index in Fresno is 93.
The Health index in Fresno is 97.
The Housing index in Fresno is 95.
The Transportation index in Fresno is 94.
The Utilities index in Fresno is 112.
Living Expense | Fresno | Texas | National Average | |
---|---|---|---|---|
Overall | 96 | 92 | 100 | |
Services | 98 | 96 | 100 | |
Groceries | 93 | 93 | 100 | |
Health | 97 | 93 | 100 | |
Housing | 95 | 84 | 100 | |
Transportation | 94 | 92 | 100 | |
Utilities | 112 | 104 | 100 |
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fresno is $195,300.
The Median Rent in Fresno is $1,855.
The Median Income in Fresno is $80,362.
The Home Value To Income in Fresno is 2.4x.
The Rent To Monthly Income in Fresno is 0.28x.
Statistic | Fresno | Texas | United States |
---|---|---|---|
Median Home Value | $195,300 | $202,600 | $244,900 |
Median Rent | $1,855 | $1,146 | $1,163 |
Median Income | $80,362 | $67,321 | $69,021 |
Home Value To Income | 2.4x | 3.0x | 3.5x |
Rent To Monthly Income | 0.28x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Fresno. Here's a quick look at the cost of living in the most populous nearby places:
Pearland, TX has a cost of living index of 102, 1.1x Fresno.
Sugar Land, TX has a cost of living index of 117, 1.2x Fresno.
Friendswood, TX has a cost of living index of 109, 1.1x Fresno.
City | Population | Cost Of Living | Vs. Fresno |
---|---|---|---|
Pearland, TX | 122,609 | 102 | 1.1x |
Sugar Land, TX | 110,272 | 117 | 1.2x |
Friendswood, TX | 40,780 | 109 | 1.1x |
Mission Bend, TX | 38,772 | 97 | 1.0x |
Pecan Grove, TX | 19,944 | 102 | 1.1x |
Bellaire, TX | 17,262 | 173 | 1.8x |
Stafford, TX | 17,170 | 98 | 1.0x |
West University Place, TX | 14,975 | 195 | 2.0x |
Four Corners, TX | 11,133 | 101 | 1.1x |
Manvel, TX | 10,139 | 99 | 1.0x |