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Gen Z: Here’s What Rent Will Cost You in These 12 Texas Cities



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Many things may be bigger in Texas, but this rule doesn’t necessarily apply to monthly rent payments. This is good news for Gen Zers who want to rent an apartment in Texas and are on a tight budget.
Key findings from a recent GOBankingRates’ study reveal that the average rent does not exceed $1,600 monthly across these 12 Texas cities.
To find out how much the average apartment costs nationwide, GOBankingRates studied various factors in the 100 most populated cities. Some of these factors included household income, the average rental cost and the average one- and two-bedroom rental cost as well as the annual cost of living.
Houston
- Household median income: $60,440
- Total annual cost of living: $40,336
- Overall average rent: $1,287
- 1-bedroom average rent: $1,136
- 2-bedroom average rent: $1,346
San Antonio
- Household median income: $59,593
- Total annual cost of living: $37,629
- Overall average rent: $1,212
- 1-bedroom average rent: $1,036
- 2-bedroom average rent: $1,276
Dallas
- Household median income: $63,985
- Total annual cost of living: $41,418
- Overall average rent: $1,354
- 1-bedroom average rent: $1,237
- 2-bedroom average rent: $1,464
Austin
- Household median income: $86,556
- Total annual cost of living: $42,689
- Overall average rent: $1,501
- 1-bedroom average rent: $1,330
- 2-bedroom average rent: $1,619
Fort Worth
- Household median income: $72,726
- Total annual cost of living: $41,451
- Overall average rent: $1,373
- 1-bedroom average rent: $1,172
- 2-bedroom average rent: $1,353
El Paso
- Household median income: $55,710
- Total annual cost of living: $35,409
- Overall average rent: $1,073
- 1-bedroom average rent: $854
- 2-bedroom average rent: $1,023
Arlington
- Household median income: $71,736
- Total annual cost of living: $41,097
- Overall average rent: $1,340
- 1-bedroom average rent: $1,158
- 2-bedroom average rent: $1,365
Corpus Christi
- Household median income: $64,449
- Total annual cost of living: $37,153
- Overall average rent: $1,218
- 1-bedroom average rent: $1,010
- 2-bedroom average rent: $1,236
Plano
- Household median income: $105,679
- Total annual cost of living: $44,443
- Overall average rent: $1,745
- 1-bedroom average rent: $1,444
- 2-bedroom average rent: $1,827
Lubbock
- Household median income: $58,734
- Total annual cost of living: $36,705
- Overall average rent: $1,191
- 1-bedroom average rent: $965
- 2-bedroom average rent: $1,164
Irving
- Household median income: $76,686
- Total annual cost of living: $41,955
- Overall average rent: $1,430
- 1-bedroom average rent: $1,258
- 2-bedroom average rent: $1,548
Garland
- Household median income: $71,044
- Total annual cost of living: $41,951
- Overall average rent: $1,394
- 1-bedroom average rent: $1,144
- 2-bedroom average rent: $1,397
Methodology: For this study, GOBankingRates analyzed the average rental cost of major US cities and the cost of living in those cities. GOBankingRates found the 100 most populated cities, according to the U.S. Census American Community Survey. For each city, GOBankingRates found total population, total households, population ages 65 and over, household median income, all sourced from the American Community Survey; the cost-of-living indexes as sourced from Sperling’s BestPlaces; the average overall rental cost, one-bedroom rental cost and two-bedroom rental cost, all sourced from ApartmentList; the average cost of a condo or co-op as sourced from Zillow Home Value Index, and the livability index as sourced from AreaVibes. Using the cost-of-living indexes and using the national average expenditure costs for all residents, as sourced from Bureau of Labor Statistics Consumer Expenditure Survey. Using the average condo/co-op value, assuming a 10% down payment, and using the national average 30-year fixed mortgage rate, the average mortgage was calculated. Using the overall rental cost and expenditure costs, the total cost of living for each city was calculated. All data was collected on and is up to date as of Sept. 13, 2024.
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