Highland Village, TX Cost Of Living
Cost Of Living In Highland Village, TX Summary
Cost of living in Highland Village 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 Highland Village 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 Highland Village is 126, with 100 being the average.
The cost of living index in Highland Village is 1.3x higher than the national average.
Highland Village ranks as the #390 cheapest in Texas out of 405.
Highland Village ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Highland Village is $393,500.
The median income in Highland Village is $151,951.
Table Of Contents
Highland Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Highland Village, TX?
According to the most recent data on the cost of living, Highland Village has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Texas, Highland Village has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Highland Village ranks as #390 most affordable out of the 405 places we measured in Texas. By definition, that implies Highland Village ranks as the #15 most expensive place in the Lone Star State.
For more reading on life in Highland Village, check out:
- Living In Highland Village
- Highland Village Crime Report
- Search Homes For Sale In Highland Village, TX
In Texas
In America
Highland Village Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Highland Village. Here is how it fairs on each of the criteria:
The Services index in Highland Village is 114.
The Groceries index in Highland Village is 97.
The Health index in Highland Village is 78.
The Housing index in Highland Village is 172.
The Transportation index in Highland Village is 100.
The Utilities index in Highland Village is 112.
| Living Expense | Highland Village | Texas | National Average | |
|---|---|---|---|---|
| Overall | 126 | 92 | 100 | |
| Services | 114 | 96 | 100 | |
| Groceries | 97 | 93 | 100 | |
| Health | 78 | 93 | 100 | |
| Housing | 172 | 84 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 112 | 104 | 100 | |
Highland Village, TX Housing Cost Breakdown
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 Highland Village is $393,500.
The Median Rent in Highland Village is $1,884.
The Median Income in Highland Village is $151,951.
The Home Value To Income in Highland Village is 2.6x.
The Rent To Monthly Income in Highland Village is 0.15x.
| Statistic | Highland Village | Texas | United States |
|---|---|---|---|
| Median Home Value | $393,500 | $202,600 | $244,900 |
| Median Rent | $1,884 | $1,146 | $1,163 |
| Median Income | $151,951 | $67,321 | $69,021 |
| Home Value To Income | 2.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Highland Village, TX Costs By Category
Detailed Highland Village Services Costs Vs. Texas
| Item | Highland Village | Texas |
|---|---|---|
| Shampoo | $1.4 | $1.06 |
| Movie | $11.58 | $10.68 |
| Bowling | $21.11 | $14.67 |
| Haircut | $17.97 | $18.62 |
| Beauty Salon | $52.92 | $39.05 |
Detailed Highland Village Groceries Costs Vs. Texas
| Item | Highland Village | Texas |
|---|---|---|
| Ground Beef | $4.07 | $4.22 |
| Fried Chicken | $1.33 | $1.39 |
| Milk | $1.98 | $2.05 |
| Potatoes | $2.72 | $3.29 |
| Pizza | $12.8 | $10.62 |
| Beer | $9.91 | $9.38 |
| Toothpaste | $2.33 | $2.34 |
Detailed Highland Village Health Costs Vs. Texas
| Item | Highland Village | Texas |
|---|---|---|
| Optometrist | $125.0 | $108.57 |
| Doctor | $68.0 | $116.17 |
| Dentist | $75.75 | $99.13 |
Detailed Highland Village Transportation Costs Vs. Texas
| Item | Highland Village | Texas |
|---|---|---|
| Gasoline | $2.12 | $2.22 |
| Tire Balancing | $52.86 | $50.07 |
Detailed Highland Village Utilities Costs Vs. Texas
| Item | Highland Village | Texas |
|---|---|---|
| All Electricity | $194.23 | $167.67 |
| Phone | $185.48 | $175.64 |
Highland Village SnackAbility
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