An overview of the general cost of living index for The Woodlands, TX is displayed above for your reference. Residents in The Woodlands, TX enjoy a cost of living index of 119. This index is 31% higher than the Texas average, and 19% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in The Woodlands, TX, the average cost of goods and services is 8% higher than it is in Texas, and it is 1% higher than the national average.