Cost of living in Fredericksburg 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 Fredericksburg 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 Fredericksburg is 113, with 100 being the average.
The cost of living index in Fredericksburg is 1.1x higher than the national average.
Fredericksburg ranks as the #329 cheapest in Texas out of 414.
Fredericksburg ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Fredericksburg is $513,155.
The median income in Fredericksburg is $57,474.
According to the most recent data on the cost of living, Fredericksburg has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to Texas, Fredericksburg has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Fredericksburg ranks as #329 most affordable out of the 414 places we measured in Texas. By definition, that implies Fredericksburg ranks as the #85 most expensive place in the Lone Star State.
For more reading on life in Fredericksburg, check out:
Six factors go into calculating the cost of living index in Fredericksburg. Here is how it fairs on each of the criteria:
The Services index in Fredericksburg is 100.
The Groceries index in Fredericksburg is 96.
The Health index in Fredericksburg is 104.
The Housing index in Fredericksburg is 147.
The Transportation index in Fredericksburg is 94.
The Utilities index in Fredericksburg is 83.
| Living Expense | Fredericksburg | Texas | National Average | |
|---|---|---|---|---|
| Overall | 113 | 92 | 100 | |
| Services | 100 | 97 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 104 | 93 | 100 | |
| Housing | 147 | 82 | 100 | |
| Transportation | 94 | 94 | 100 | |
| Utilities | 83 | 104 | 100 | |
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 Fredericksburg is $513,155.
The Median Rent in Fredericksburg is $1,364.
The Median Income in Fredericksburg is $57,474.
The Home Value To Income in Fredericksburg is 8.9x.
The Rent To Monthly Income in Fredericksburg is 0.28x.
| Statistic | Fredericksburg | Texas | United States |
|---|---|---|---|
| Median Home Value | $513,155 | $298,905 | $303,400 |
| Median Rent | $1,364 | $1,339 | $1,348 |
| Median Income | $57,474 | $76,292 | $78,538 |
| Home Value To Income | 8.9x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.28x | 0.21x | 0.21x |
| Item | Fredericksburg | Texas |
|---|---|---|
| Shampoo | $1.06 | $1.28 |
| Movie | $9.5 | $12.13 |
| Bowling | $13.7 | $18 |
| Haircut | $20.78 | $24.26 |
| Beauty Salon | $43.67 | $45.56 |
| Item | Fredericksburg | Texas |
|---|---|---|
| Ground Beef | $4.93 | $5.84 |
| Fried Chicken | $1.57 | $1.57 |
| Milk | $4.57 | $4.67 |
| Potatoes | $4.55 | $4.93 |
| Pizza | $11.32 | $12.09 |
| Beer | $10.5 | $10.41 |
| Toothpaste | $3.6 | $3.7 |
| Item | Fredericksburg | Texas |
|---|---|---|
| Optometrist | $132.0 | $125.68 |
| Doctor | $171.14 | $135.78 |
| Dentist | $108.33 | $113.29 |
| Item | Fredericksburg | Texas |
|---|---|---|
| Gasoline | $3.03 | $3.46 |
| Tire Balancing | $57.2 | $59.92 |
| Item | Fredericksburg | Texas |
|---|---|---|
| All Electricity | $217.71 | $193.99 |
| Phone | $201.97 | $192.25 |
The cost of living varies in the cities and towns around Fredericksburg. Here's a quick look at the cost of living in the most populous nearby places:
Austintown, OH has a cost of living index of 88, 0.8x Fredericksburg.
Meadville, PA has a cost of living index of 92, 0.8x Fredericksburg.
Struthers, OH has a cost of living index of 87, 0.8x Fredericksburg.
| City | Population | Cost Of Living | Vs. Fredericksburg |
|---|---|---|---|
| Austintown, OH | 30,215 | 88 | 0.8x |
| Meadville, PA | 12,723 | 92 | 0.8x |
| Struthers, OH | 9,995 | 87 | 0.8x |
| Northwest Harborcreek, PA | 8,908 | 99 | 0.9x |
| North Madison, OH | 8,309 | 91 | 0.8x |
| Campbell, OH | 7,812 | 86 | 0.8x |
| Hubbard, OH | 7,600 | 88 | 0.8x |
| Cortland, OH | 7,091 | 92 | 0.8x |
| Howland Center, OH | 6,564 | 91 | 0.8x |
| Champion Heights, OH | 6,299 | 86 | 0.8x |