| Index | Temple | Texas | National |
| Cost of living | 94 | 94 | 100 |
| Groceries | 96 | 98 | 100 |
| Health care | 98 | 98 | 100 |
| Housing | 86 | 83 | 100 |
| Transportation | 101 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 95 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 98 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Temple? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Temple stands at 94, making it 6% 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.
The cost of living in Temple 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 Temple 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 10 locals to gauge their perception of the cost of living in Temple. The feedback revealed that 30% of respondents found the cost of living to be reasonable, with prices on the decline, while 70% regarded it as notably expensive with prices that continue to rise.
Is Temple affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Temple, for instance, where the median home price falls 17.8% lower than the national average, and monthly rent rates are 4.5% lower than usual. Additionally, median income levels contribute to the equation, with Temple flaunting a median household income of $79,785, 1.9% lower than the national norm.
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 Temple, the healthcare costs are 1.6% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Temple, the housing index comes in at 13.8% lower 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.
The cost of living data for Temple 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.
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| Groceries index | |
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $110,179 | $9,182 | $2,571 | $3,306 |
| Renters | $49,789 | $4,149 | $1,162 | $1,494 |
| 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. |
| Rogers, TX | 1,434 | 84 | 16.4% |
| Moody, TX | 1,560 | 85 | 15.1% |
| Bruceville-Eddy, TX | 1,736 | 90 | 10.5% |
| Troy, TX | 3,109 | 92 | 8.0% |
| Holland, TX | 1,614 | 92 | 7.6% |
| Temple, TX | 79,316 | 94 | 5.5% |
| City | Population | Cost of Living Index | National Avg. |
| Bloomington, IL | 79,438 | 97 | 3.3% |
| Airdrie, AB | 79,163 | n/a | |
| Gastonia, NC | 79,485 | 96 | 3.8% |
| Upland, CA | 79,505 | 158 | 58.0% |
| Cedar Park, TX | 79,540 | 121 | 21.5% |
| Temple, TX | 79,316 | 94 | 5.5% |
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