A+
7%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
25%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Fresno Texas National
Cost of living10792100
Goods & Services10196100
Groceries10096100
Health care9494100
Housing12583100
Transportation9092100
Utilities103104100

An Overview of Cost of Living in Fresno, TX

Understanding the cost of living in Fresno can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Fresno cost of living index is 107, which is 7% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

The cost of living in Fresno closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Fresno can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

When it comes to the cost of living in Fresno, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 25.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Fresno Affordable?

Is Fresno an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Fresno is 2.5% higher than the national average, while the average monthly rent prices are 78.5% higher than average. The affordability of any location can also be influenced by median income levels. Fresno has a median household income of $79,425, which is 43.6% higher than the national average.

What Factors can Influence the Cost of Living in Fresno?

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Fresno, the utilities index stands at 2.7% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Fresno, healthcare costs are 6.1% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Fresno, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.

Where is the Data From?

The Fresno cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Fresno is 16% higher than the Texas average
  • The cost of living in Fresno is 7% higher than the national average
  • Fresno housing is 25% higher than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Fresno

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Compare Fresno, TX Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$79,973$6,664$1,866$2,399
      Renters$74,702$6,225$1,743$2,241
      To approximate the cost of living and the housing affordability in Fresno, TX, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Fresno have a median income of $79,973. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,866 per month to avoid calamity and poverty. The renters in the city have an income of about $74,702, which would make their monthly maximum allowable rental costs $1,743.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Goods & Services

      Item Fresno National avg. Difference
      Haircut $20.33$24.2616.2%
      Beauty Salon $47.38$45.564.0%
      Toothpaste $3.48$3.706.1%
      Shampoo $1.22$1.285.0%
      Movie $12.19$12.130.4%
      Bowling $15.83$18.0012.0%

      Groceries

      Item Fresno National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.4%
      Milk $4.55$4.672.5%
      Potatoes $5.00$4.931.4%
      Pizza $11.82$12.092.2%
      Beer $10.38$10.410.3%

      Health Care

      Item Fresno National avg. Difference
      Optometrist $125.98$125.680.2%
      Doctor $90.89$135.7833.1%
      Dentist $108.10$113.294.6%
      Ibuprofen $10.46$10.651.8%
      Lipitor $503.40$468.607.4%

      Housing

      Item Fresno National avg. Difference
      Home Price $189,300.00$184,700.002.5%
      Avg. Mortgage Payment $2,055.86$2,346.6912.4%
      Apartment Rent $1,694.00$949.0078.5%

      Transportation

      Item Fresno National avg. Difference
      Gasoline $3.14$3.469.1%
      Tire Balancing $56.62$59.925.5%

      Utilities

      Item Fresno National avg. Difference
      All Electricity $233.43$193.9920.3%
      Phone $208.71$192.258.6%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Fifth Street, TX2,1798218.3%
      Galena Park, TX10,8488811.7%
      Sandy Point, TX2098811.6%
      South Houston, TX17,522919.1%
      Arcola, TX2,541928.0%
      Fresno, TX23,7451076.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Oro-Medonte, ON23,738n/a 
      Corsicana, TX23,736918.6%
      Rosemont, CA23,75512928.7%
      North Platte, NE23,7348515.0%
      Monsey, NY23,73316666.1%
      Fresno, TX23,7451076.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.