Temple, TX Cost Of Living
Cost Of Living In Temple, TX Summary
Cost of living in Temple 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 Temple 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 Temple is 90, with 100 being the average.
The cost of living index in Temple is 0.9x lower than the national average.
Temple ranks as the #209 cheapest in Texas out of 405.
Temple ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Temple is $158,000.
The median income in Temple is $56,058.
Table Of Contents
Temple's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Temple, TX?
According to the most recent data on the cost of living, Temple has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Texas, Temple has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Temple ranks as #209 most affordable out of the 405 places we measured in Texas. By definition, that implies Temple ranks as the #196 most expensive place in the Lone Star State.
For more reading on life in Temple, check out:
- Living In Temple
- Temple Crime Report
- Search Homes For Sale In Temple, TX
In Texas
In America
Temple Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Temple. Here is how it fairs on each of the criteria:
The Services index in Temple is 93.
The Groceries index in Temple is 78.
The Health index in Temple is 114.
The Housing index in Temple is 75.
The Transportation index in Temple is 96.
The Utilities index in Temple is 118.
| Living Expense | Temple | Texas | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 93 | 96 | 100 | |
| Groceries | 78 | 93 | 100 | |
| Health | 114 | 93 | 100 | |
| Housing | 75 | 84 | 100 | |
| Transportation | 96 | 92 | 100 | |
| Utilities | 118 | 104 | 100 | |
Temple, 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 Temple is $158,000.
The Median Rent in Temple is $968.
The Median Income in Temple is $56,058.
The Home Value To Income in Temple is 2.8x.
The Rent To Monthly Income in Temple is 0.21x.
| Statistic | Temple | Texas | United States |
|---|---|---|---|
| Median Home Value | $158,000 | $202,600 | $244,900 |
| Median Rent | $968 | $1,146 | $1,163 |
| Median Income | $56,058 | $67,321 | $69,021 |
| Home Value To Income | 2.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Temple, TX Costs By Category
Detailed Temple Services Costs Vs. Texas
Detailed Temple Groceries Costs Vs. Texas
Detailed Temple Health Costs Vs. Texas
Detailed Temple Transportation Costs Vs. Texas
Detailed Temple Utilities Costs Vs. Texas
Temple SnackAbility
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Cost Of Living In Cities Around Temple
The cost of living varies in the cities and towns around Temple. Here's a quick look at the cost of living in the most populous nearby places:
Round Rock, TX has a cost of living index of 100, 1.1x Temple.
Cedar Park, TX has a cost of living index of 101, 1.1x Temple.
Georgetown, TX has a cost of living index of 100, 1.1x Temple.
| City | Population | Cost Of Living | Vs. Temple |
|---|---|---|---|
| Round Rock, TX | 117,735 | 100 | 1.1x |
| Cedar Park, TX | 74,741 | 101 | 1.1x |
| Georgetown, TX | 66,514 | 100 | 1.1x |
| Pflugerville, TX | 64,007 | 96 | 1.1x |
| Leander, TX | 57,696 | 99 | 1.1x |
| Harker Heights, TX | 32,320 | 92 | 1.0x |
| Hutto, TX | 26,971 | 95 | 1.1x |
| Brushy Creek, TX | 22,972 | 103 | 1.1x |
| Belton, TX | 22,866 | 88 | 1.0x |
| Hewitt, TX | 15,707 | 93 | 1.0x |
