| Index | DeSoto | Texas | National |
| Cost of living | 102 | 94 | 100 |
| Groceries | 100 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 113 | 83 | 100 |
| Transportation | 99 | 98 | 100 |
| Utilities | 100 | 103 | 100 |
| Lifestyle & Entertainment | 95 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 93 | 98 | 100 |
Getting a feel for the cost of living in DeSoto 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 DeSoto is 102, which is 2% 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.
The cost of living in DeSoto closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of DeSoto can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
The most insightful perspective on a city comes from its residents. We recently surveyed 26 locals to gauge their perception of the cost of living in DeSoto. The feedback revealed that 58% of respondents found the cost of living to be reasonable, with prices on the decline, while 42% regarded it as notably expensive with prices that continue to rise.
Is DeSoto an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in DeSoto, the median home price is 6.9% higher than what most folks pay across the country, and monthly rent prices are 25.6% higher than the usual rates. Income levels in DeSoto come in at $104,040, which is 27.9% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In DeSoto, the healthcare costs are 0.4% lower than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In DeSoto, the transportation index stands at 1.4% lower than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, 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. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
The cost of living data for DeSoto shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| 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 | $131,699 | $10,975 | $3,073 | $3,951 |
| Renters | $62,563 | $5,214 | $1,460 | $1,877 |
| 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. |
| Wilmer, TX | 4,836 | 86 | 13.7% |
| Hutchins, TX | 5,962 | 88 | 12.2% |
| Cockrell Hill, TX | 4,306 | 92 | 7.9% |
| Balch Springs, TX | 25,952 | 92 | 8.0% |
| Palmer, TX | 2,594 | 92 | 7.5% |
| DeSoto, TX | 54,643 | 102 | 2.4% |
| City | Population | Cost of Living Index | National Avg. |
| West New York, NJ | 54,664 | 130 | 30.2% |
| Harrisonburg, VA | 54,682 | 107 | 6.8% |
| Wheaton, IL | 54,594 | 126 | 26.2% |
| Peabody, MA | 54,577 | 141 | 40.8% |
| Milford city, CT | 54,560 | 128 | 27.8% |
| DeSoto, TX | 54,643 | 102 | 2.4% |
Here are the best places to live in Texas
Safest States In The US
See the best places to live in DeSoto
Most Dangerous States In The US