| Index | Fredericksburg | Texas | National |
| Cost of living | 113 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 148 | 83 | 100 |
| Transportation | 96 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 95 | 98 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 99 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Fredericksburg? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Fredericksburg stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs are a very significant part of the Fredericksburg cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 47.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Fredericksburg. The results indicated that 29% found it reasonably priced with decreasing prices of goods and services, while 71% viewed it as quite expensive, with increasing prices.
Is Fredericksburg affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Fredericksburg, the median home price is 65.6% higher than the national average and monthly rent prices are 5.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fredericksburg boasting a median household income of $78,483, 3.5% 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 Fredericksburg, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Fredericksburg, the housing index stands at 47.7% higher than the national average.
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Fredericksburg, the transportation index is 3.9% lower than the national average.
The Fredericksburg cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $103,046 | $8,587 | $2,404 | $3,092 |
| Renters | $55,138 | $4,595 | $1,286 | $1,654 |
| 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. |
| Stonewall, TX | 626 | 96 | 3.8% |
| Fredericksburg, TX | 11,758 | 113 | 12.8% |
| City | Population | Cost of Living Index | National Avg. |
| Branson, MO | 11,758 | 94 | 5.6% |
| Cherry Creek, CO | 11,756 | 167 | 67.2% |
| Guymon, OK | 11,761 | 91 | 9.0% |
| Cantley, QC | 11,767 | n/a | |
| Valley Center, CA | 11,746 | 166 | 66.0% |
| Fredericksburg, TX | 11,758 | 113 | 12.8% |
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