F
Overall 114%
Goods & Services 7%
Housing 372%
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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.
IndexUniversity ParkTexasNational
Cost of living21492100
Goods & Services10797100
Groceries9891100
Health care11295100
Housing47283100
Transportation9094100
Utilities110103100

Key findings

  • The cost of living in University Park is 132% higher than the Texas average
  • The cost of living in University Park is 114% higher than the national average
  • University Park housing is 372% higher than the national average
  • Texas general sales tax is 23% higher than the national average
  • Texas state income tax is 100% lower than the national average

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Compare University Park, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$250,001$20,833$5,833$7,501
      Renters$74,955$6,246$1,749$2,249
      A good indicator of the general affordability of housing in University Park, 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 University Park, the median monthly income is $250,001 for those who own their own homes. Under the standard rule, that income level would allow for $5,833 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $74,955, per the median income in the area. That would allow for renters to spend up to $1,749 on monthly rental expenses.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%

      Goods & Services

      ItemUniversity ParkNational avg.Difference
      Haircut $30.17$20.2748.8%
      Beauty Salon $51.54$40.3927.6%
      Toothpaste $2.13$2.369.7%
      Shampoo $0.96$1.0810.8%
      Movie $13.02$10.9918.5%
      Bowling $16.28$15.495.1%

      Groceries

      ItemUniversity ParkNational avg.Difference
      Ground Beef $4.07$4.305.3%
      Fried Chicken $1.19$1.4015.0%
      Milk $2.29$2.204.0%
      Potatoes $3.91$3.2221.6%
      Pizza $9.38$10.7412.7%
      Beer $10.21$9.606.4%

      Health Care

      ItemUniversity ParkNational avg.Difference
      Optometrist $112.55$109.732.6%
      Doctor $132.09$118.3411.6%
      Dentist $126.71$100.9425.5%
      Ibuprofen $9.35$9.935.9%
      Lipitor $477.75$469.531.8%

      Housing

      ItemUniversity ParkNational avg.Difference
      Home Price $1,102,500.00$184,700.00496.9%
      Avg. Mortgage Payment $1,151.31$1,229.626.4%
      Apartment Rent $1,705.00$949.0079.7%

      Transportation

      ItemUniversity ParkNational avg.Difference
      Gasoline $2.50$2.717.8%
      Tire Balancing $44.33$51.8614.5%

      Utilities

      ItemUniversity ParkNational avg.Difference
      All Electricity$200.26$170.8417.2%
      Phone $188.86$187.180.9%
      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

      CityPopulationCost of Living IndexNational Avg.
      Horseshoe Bend, TX7487921.5%
      St. Paul CDP, TX5948613.6%
      Mesquite CDP, TX6298515.1%
      Hutchins, TX5,6448911.0%
      Cockrell Hill, TX4,3019010.5%
      University Park, TX24,346214114.2%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Ridgeland, MS24,3388910.5%
      Athens, OH24,365918.8%
      Watauga, TX24,322964.1%
      Trotwood, OH24,3728515.2%
      Wasaga Beach, ON24,372n/a 
      University Park, TX24,346214114.2%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.