University Park, TX Cost Of Living
Cost Of Living In University Park, TX Summary
Cost of living in University Park 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 University Park 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 University Park is 214, with 100 being the average.
The cost of living index in University Park is 2.1x higher than the national average.
University Park ranks as the #404 cheapest in Texas out of 405.
University Park ranks as the #6,342 cheapest out of 6,412 in the US.
The median home value in University Park is $1,380,600.
The median income in University Park is $247,045.
Table Of Contents
University Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in University Park, TX?
According to the most recent data on the cost of living, University Park has an overall cost of living index of 214, which is 2.1x higher than the national index of 100.
Compared to Texas, University Park has a cost of living index that's 2.3x higher than Texas's index of 92.
The standard of living in University Park ranks as #404 most affordable out of the 405 places we measured in Texas. By definition, that implies University Park ranks as the #1 most expensive place in the Lone Star State.
For more reading on life in University Park, check out:
- Living In University Park
- University Park Crime Report
- Search Homes For Sale In University Park, TX
In Texas
In America
University Park Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in University Park. Here is how it fairs on each of the criteria:
The Services index in University Park is 105.
The Groceries index in University Park is 99.
The Health index in University Park is 113.
The Housing index in University Park is 471.
The Transportation index in University Park is 93.
The Utilities index in University Park is 109.
| Living Expense | University Park | Texas | National Average | |
|---|---|---|---|---|
| Overall | 214 | 92 | 100 | |
| Services | 105 | 96 | 100 | |
| Groceries | 99 | 93 | 100 | |
| Health | 113 | 93 | 100 | |
| Housing | 471 | 84 | 100 | |
| Transportation | 93 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
University Park, 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 University Park is $1,380,600.
The Median Rent in University Park is $2,536.
The Median Income in University Park is $247,045.
The Home Value To Income in University Park is 5.6x.
The Rent To Monthly Income in University Park is 0.12x.
| Statistic | University Park | Texas | United States |
|---|---|---|---|
| Median Home Value | $1,380,600 | $202,600 | $244,900 |
| Median Rent | $2,536 | $1,146 | $1,163 |
| Median Income | $247,045 | $67,321 | $69,021 |
| Home Value To Income | 5.6x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
University Park, TX Costs By Category
Detailed University Park Services Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $11.18 | $10.68 |
| Bowling | $21.14 | $14.67 |
| Haircut | $27.33 | $18.62 |
| Beauty Salon | $44.45 | $39.05 |
Detailed University Park Groceries Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Ground Beef | $4.42 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $1.97 | $2.05 |
| Potatoes | $3.62 | $3.29 |
| Pizza | $9.44 | $10.62 |
| Beer | $10.12 | $9.38 |
| Toothpaste | $2.57 | $2.34 |
Detailed University Park Health Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Optometrist | $97.86 | $108.57 |
| Doctor | $121.08 | $116.17 |
| Dentist | $133.84 | $99.13 |
Detailed University Park Transportation Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Gasoline | $1.92 | $2.22 |
| Tire Balancing | $53.65 | $50.07 |
Detailed University Park Utilities Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| All Electricity | $188.78 | $167.67 |
| Phone | $185.48 | $175.64 |
University Park SnackAbility
/10
Cost Of Living In Cities Around University Park
The cost of living varies in the cities and towns around University Park. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 96, 0.4x University Park.
Plano, TX has a cost of living index of 114, 0.5x University Park.
Irving, TX has a cost of living index of 97, 0.5x University Park.
| City | Population | Cost Of Living | Vs. University Park |
|---|---|---|---|
| Dallas, TX | 1,300,239 | 96 | 0.4x |
| Plano, TX | 282,181 | 114 | 0.5x |
| Irving, TX | 254,184 | 97 | 0.5x |
| Garland, TX | 245,075 | 97 | 0.5x |
| Mesquite, TX | 149,848 | 93 | 0.4x |
| Carrollton, TX | 131,388 | 105 | 0.5x |
| Richardson, TX | 115,904 | 110 | 0.5x |
| Lewisville, TX | 110,077 | 100 | 0.5x |
| Allen, TX | 102,778 | 110 | 0.5x |
| Grapevine, TX | 50,548 | 109 | 0.5x |
