| Index | Denton | Texas | National |
| Cost of living | 105 | 94 | 100 |
| Groceries | 96 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 125 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 101 | 103 | 100 |
| Lifestyle & Entertainment | 94 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 101 | 98 | 100 |
Getting a feel for the cost of living in Denton is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Denton is 105, which is 5% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Denton are priced in a manner consistent with other areas. This means that residents of Denton can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Housing costs significantly influence the Denton cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 24.6%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The real experts on a city are its residents. That's why we reached out to 7 locals to get their views on the cost of living in Denton. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 57% found it budget-friendly with decreasing prices, while 43% said it's simply not affordable as prices have continued to rise.
Is Denton 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 Denton is 27.4% higher than the national average, while the average monthly rent prices are 18% higher than average. The affordability of any location can also be influenced by median income levels. Denton has a median household income of $92,973, which is 14.3% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Denton, healthcare costs are 1.4% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
The Denton cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $137,841 | $11,487 | $3,216 | $4,136 |
| Renters | $55,085 | $4,590 | $1,285 | $1,653 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Corral City, TX | 14 | 99 | 1.3% |
| Bristol, TX | 462 | 99 | 1.1% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Pilot Point, TX | 4,575 | 100 | 0.1% |
| Sanger, TX | 8,747 | 100 | 0.1% |
| Denton, TX | 145,019 | 105 | 5.3% |
| City | Population | Cost of Living Index | National Avg. |
| Saguenay, QC | 145,134 | n/a | |
| Midland, TX | 145,324 | 108 | 7.7% |
| Kelowna, BC | 145,612 | n/a | |
| Dayton, OH | 145,927 | 82 | 17.9% |
| Orange, CA | 144,054 | 178 | 78.4% |
| Denton, TX | 145,019 | 105 | 5.3% |
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