DeSoto, TX Cost Of Living
Cost Of Living In DeSoto, TX Summary
Cost of living in DeSoto research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means DeSoto is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in DeSoto is 105, with 100 being the average.
The cost of living index in DeSoto is 1.1x higher than the national average.
DeSoto ranks as the #275 cheapest in Texas out of 414.
DeSoto ranks as the #3,177 cheapest out of 6,489 in the US.
The median home value in DeSoto is $324,388.
The median income in DeSoto is $83,256.
Table Of Contents
DeSoto's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in DeSoto, TX?
According to the most recent data on the cost of living, DeSoto has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Texas, DeSoto has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in DeSoto ranks as #275 most affordable out of the 414 places we measured in Texas. By definition, that implies DeSoto ranks as the #139 most expensive place in the Lone Star State.
For more reading on life in DeSoto, check out:
In Texas
In America
DeSoto Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in DeSoto. Here is how it fairs on each of the criteria:
The Services index in DeSoto is 107.
The Groceries index in DeSoto is 99.
The Health index in DeSoto is 108.
The Housing index in DeSoto is 112.
The Transportation index in DeSoto is 90.
The Utilities index in DeSoto is 109.
| Living Expense | DeSoto | Texas | National Average | |
|---|---|---|---|---|
| Overall | 105 | 92 | 100 | |
| Services | 107 | 97 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 112 | 82 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 109 | 104 | 100 | |
DeSoto, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in DeSoto is $324,388.
The Median Rent in DeSoto is $1,478.
The Median Income in DeSoto is $83,256.
The Home Value To Income in DeSoto is 3.9x.
The Rent To Monthly Income in DeSoto is 0.21x.
Median Home Value
Median Rent
Median Income
DeSoto, TX Costs By Category
Detailed DeSoto Services Costs Vs. Texas
Detailed DeSoto Groceries Costs Vs. Texas
Detailed DeSoto Health Costs Vs. Texas
Detailed DeSoto Transportation Costs Vs. Texas
Detailed DeSoto Utilities Costs Vs. Texas
Desoto SnackAbility
/10
Cost Of Living In Cities Around DeSoto
The cost of living varies in the cities and towns around DeSoto. Here's a quick look at the cost of living in the most populous nearby places:
Arlington, TX has a cost of living index of 107, 1.0x DeSoto.
Irving, TX has a cost of living index of 109, 1.0x DeSoto.
Grand Prairie, TX has a cost of living index of 106, 1.0x DeSoto.
| City | Population | Cost Of Living | Vs. DeSoto |
|---|---|---|---|
| Arlington, TX | 394,769 | 107 | 1.0x |
| Irving, TX | 255,036 | 109 | 1.0x |
| Grand Prairie, TX | 198,564 | 106 | 1.0x |
| Mansfield, TX | 75,398 | 119 | 1.1x |
| Cedar Hill, TX | 48,547 | 107 | 1.0x |
| Waxahachie, TX | 43,591 | 108 | 1.0x |
| Lancaster, TX | 40,753 | 102 | 1.0x |
| Duncanville, TX | 39,879 | 101 | 1.0x |
| Midlothian, TX | 37,256 | 114 | 1.1x |
| University Park, TX | 25,104 | 248 | 2.4x |
