| Index | Taylor | Texas | National |
| Cost of living | 97 | 94 | 100 |
| Groceries | 101 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 95 | 83 | 100 |
| Transportation | 98 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 94 | 98 | 100 |
| Household Items | 98 | 98 | 100 |
| Education & Childcare | 93 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Taylor? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Taylor stands at 97, making it 3% lower 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.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Taylor are priced in a manner consistent with other areas. This means that residents of Taylor can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Taylor 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 Taylor is 3.9% lower than the national average, while the average monthly rent prices are 7.2% lower than average. The affordability of any location can also be influenced by median income levels. Taylor has a median household income of $86,316, which is 6.1% 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 Taylor, the transportation index is 1.9% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Taylor starts at 6.25% and the income tax rates start at 0%.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Taylor, the utilities index stands at 3.4% higher than the national average.
The cost of living data for Taylor 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 | $99,596 | $8,300 | $2,324 | $2,988 |
| Renters | $49,030 | $4,086 | $1,144 | $1,471 |
| 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. |
| Thorndale, TX | 1,350 | 86 | 13.8% |
| Granger, TX | 1,189 | 90 | 10.5% |
| Thrall, TX | 734 | 91 | 9.0% |
| Weir, TX | 341 | 93 | 6.7% |
| Coupland, TX | 388 | 98 | 1.8% |
| Taylor, TX | 17,845 | 97 | 2.7% |
| City | Population | Cost of Living Index | National Avg. |
| Shorewood, IL | 17,848 | 118 | 17.8% |
| Avenel, NJ | 17,862 | 121 | 20.9% |
| Perry, GA | 17,864 | 95 | 5.0% |
| Oswego, NY | 17,822 | 95 | 4.7% |
| Hinsdale, IL | 17,817 | 190 | 90.0% |
| Taylor, TX | 17,845 | 97 | 2.7% |
Here are the best places to live in Texas
Check out the 10 most dangerous cities in Texas
Most Dangerous Cities In The US
These are the largest cities in Texas