| Index | Midland | Texas | National |
| Cost of living | 108 | 94 | 100 |
| Groceries | 96 | 98 | 100 |
| Health care | 98 | 98 | 100 |
| Housing | 130 | 83 | 100 |
| Transportation | 94 | 98 | 100 |
| Utilities | 104 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 104 | 98 | 100 |
Getting a feel for the cost of living in Midland 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 Midland is 108, which is 8% 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 Midland are priced in a manner consistent with other areas. This means that residents of Midland can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Housing costs make up a big chunk of the cost of living in Midland, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 30.3% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 16 locals to understand their opinions on the cost of living in Midland. The results indicated that 44% found it reasonably priced with decreasing prices of goods and services, while 56% viewed it as quite expensive, with increasing prices.
Is Midland 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 Midland, the median home price is 30.4% higher than what most folks pay across the country, and monthly rent prices are 30.1% higher than the usual rates. Income levels in Midland come in at $125,467, which is 54.3% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 with fewer subsidy offerings might experience an elevation in their cost of living.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Midland, the transportation index is 5.6% lower 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 Midland, the healthcare costs are 2% lower than the national average.
The Midland 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.
| 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 | $148,863 | $12,405 | $3,473 | $4,466 |
| Renters | $85,813 | $7,151 | $2,002 | $2,575 |
| 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. |
| Midland, TX | 145,324 | 108 | 7.7% |
| City | Population | Cost of Living Index | National Avg. |
| Saguenay, QC | 145,134 | n/a | |
| Kelowna, BC | 145,612 | n/a | |
| Denton, TX | 145,019 | 105 | 5.3% |
| Dayton, OH | 145,927 | 82 | 17.9% |
| Syracuse, NY | 146,063 | 95 | 4.5% |
| Midland, TX | 145,324 | 108 | 7.7% |
Here are the best places to live in Texas
Most Dangerous States In The US
Check out the 10 most dangerous cities in Texas
Safest Cities In The US