D
35%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
105%
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 Keller Texas National
Cost of living13592100
Goods & Services10896100
Groceries10096100
Health care10894100
Housing20583100
Transportation8992100
Utilities111104100

An Overview of Cost of Living in Keller, TX

Getting a feel for the cost of living in Keller 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 Keller is 135, which is 35% 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.

If you're in pursuit of an economical living environment, Keller may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Keller falls within this bracket.

Housing costs significantly influence the Keller 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 105.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

What Do Locals Say About the Cost of Living in Keller?

Nobody knows their city better than the people who actually live there. So, we asked 16 local residents how they would rate the cost of living in Keller and this is how they responded. 44% of people said that the cost of living was affordable, with prices decreasing, while 56% of people said that the cost of living was very expensive and prices continue to rise.

Is Keller Affordable?

Wondering if Keller is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Keller, for example, the median home price is 123.5% higher than what folks pay nationally, and monthly rent is 62.7% higher than the usual rates. Plus, income levels matter too, with Keller boasting a median household income of $149,342, which is 170% higher than the national average.

What Factors can Influence the Cost of Living in Keller?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Keller, the transportation index is 11.4% lower than the national average.

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Keller, the housing index is 105.3% higher than the national average.

Where is the Data From?

The Keller 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 Keller is 46% higher than the Texas average
  • The cost of living in Keller is 35% higher than the national average
  • Keller housing is 105% 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 Keller

See all the best places to live around Keller

Compare Keller, TX Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$170,413$14,201$3,976$5,113
      Renters$76,061$6,338$1,775$2,282
      A good indicator of the general affordability of housing in Keller, TX, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Keller, the median monthly income is $170,413 for those who own their own homes. Under the standard rule, that income level would allow for $3,976 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $76,061, per the median income in the area. That would allow for renters to spend up to $1,775 on monthly rental expenses.

      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 Keller National avg. Difference
      Haircut $33.29$24.2637.2%
      Beauty Salon $65.85$45.5644.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.30$1.281.3%
      Movie $14.60$12.1320.3%
      Bowling $24.53$18.0036.3%

      Groceries

      Item Keller National avg. Difference
      Ground Beef $5.23$5.8410.4%
      Fried Chicken $1.74$1.5710.8%
      Milk $4.65$4.670.5%
      Potatoes $4.93$4.930.0%
      Pizza $11.30$12.096.5%
      Beer $10.93$10.415.0%

      Health Care

      Item Keller National avg. Difference
      Optometrist $143.73$125.6814.4%
      Doctor $140.69$135.783.6%
      Dentist $130.53$113.2915.2%
      Ibuprofen $10.62$10.650.3%
      Lipitor $499.87$468.606.7%

      Housing

      Item Keller National avg. Difference
      Home Price $412,800.00$184,700.00123.5%
      Avg. Mortgage Payment $2,258.00$2,346.693.8%
      Apartment Rent $1,544.00$949.0062.7%

      Transportation

      Item Keller National avg. Difference
      Gasoline $3.09$3.4610.7%
      Tire Balancing $52.04$59.9213.2%

      Utilities

      Item Keller National avg. Difference
      All Electricity $219.02$193.9912.9%
      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.
      Corral City, TX1411111.0%
      Sansom Park, TX5,593937.3%
      Blue Mound, TX2,317973.3%
      River Oaks, TX7,653973.1%
      White Settlement, TX17,716972.8%
      Keller, TX46,88513534.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Euclid, OH46,8618515.4%
      Salina, KS46,7068712.7%
      Mentor, OH47,075972.7%
      El Dorado Hills, CA47,10717171.0%
      East Honolulu, HI47,132226126.2%
      Keller, TX46,88513534.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.