| Index | University Park | Texas | National |
| Cost of living | 245 | 94 | 100 |
| Groceries | 101 | 98 | 100 |
| Health care | 102 | 98 | 100 |
| Housing | 575 | 83 | 100 |
| Transportation | 105 | 98 | 100 |
| Utilities | 107 | 103 | 100 |
| Lifestyle & Entertainment | 105 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 105 | 98 | 100 |
Getting a feel for the cost of living in University Park 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 University Park is 245, which is 145% 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 prioritize affordability when seeking a new place to live, University Park may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, University Park falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in University Park, 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 474.6% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Is University Park 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 University Park, the median home price is 625.6% higher than what most folks pay across the country, and monthly rent prices are 122.2% higher than the usual rates. Income levels in University Park come in at $366,538, which is 350.7% higher than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In University Park, the housing index is 474.6% higher than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In University Park, the groceries index is 0.7% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In University Park, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 0%.
The University Park cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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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 | $366,572 | $30,548 | $8,553 | $10,998 |
| Renters | $87,890 | $7,324 | $2,051 | $2,637 |
| 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. |
| St. Paul CDP, TX | 608 | 80 | 19.8% |
| St. Paul, TX | 1,407 | 80 | 19.7% |
| Mesquite CDP, TX | 647 | 81 | 18.9% |
| Horseshoe Bend, TX | 641 | 83 | 16.7% |
| Hutchins, TX | 5,962 | 88 | 12.2% |
| University Park, TX | 25,903 | 245 | 144.5% |
| City | Population | Cost of Living Index | National Avg. |
| East Gwillimbury, ON | 25,899 | n/a | |
| Tarpon Springs, FL | 25,911 | 108 | 8.3% |
| Ossining, NY | 25,924 | 136 | 35.9% |
| Kingsville, TX | 25,932 | 90 | 10.3% |
| Champlin, MN | 25,860 | 112 | 11.6% |
| University Park, TX | 25,903 | 245 | 144.5% |
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