Dallas-Fort Worth is the least affordable metro area in Texas according to a recent analysis of the Cost of Living Index published by EverythingLubbock.
The analysis explains that the average Cost of Living Index for all places in the U.S. is 100. That means that anything above 100 is more expensive than the average and anything below is less expensive. That is, if an area has a cost of living score of 80, it is 20% lower than the average cost of living in the U.S. Comparatively, if the score is 136, the cost of living is, on average, 36% higher.
The data of the index was collected in April and released in August, the prices as of October may have changed due to inflation.
EverythingLubbock analyzed 18 metro areas in Texas and all of the 18 metro areas ranked below that 100 score. The cheapest metro area in Texas is Brownsville-Harlingen, with a score of 77, 23% lower than the average. The most expensive is the Dallas-Fort Worth-Arlington, with a score of 99.35. The index explains that the Dallas-Fort Worth high cost of living is because of the high cost of utilities, for example, the cost of electricity in this area averages $209 dollars.
The rest of the list, ordered by the highest cost of living to lowest and the index score, looks that this:
- Dallas-Fort Worth-Arlington: 99.35
- Austin-Round Rock: 97
- Tyler: 95.9
- Beaumont-Port Arthur: 93.6
- Houston-The Woodlands-Sugar Land: 93.45
- Killeen-Temple: 93.2
- Texarkana: 91.5
- Midland-Odessa: 90.95
- Lubbock: 90.4
- San Antonio-New Braunfels: 90.3
- Corpus Christi: 90.1
- Abilene: 90
- El Paso: 89.9
- Wichita Falls: 89.5
- Waco: 87.7
- Amarillo: 84.9
- McAllen-Edinburg-Mission: 78.8
- Brownsville-Harlingen: 77