Gainesville, TX Cost Of Living
Cost Of Living In Gainesville, TX Summary
Cost of living in Gainesville 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 Gainesville 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 Gainesville is 99, with 100 being the average.
The cost of living index in Gainesville is 1.0x lower than the national average.
Gainesville ranks as the #232 cheapest in Texas out of 414.
Gainesville ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Gainesville is $249,963.
The median income in Gainesville is $56,341.
Table Of Contents
Gainesville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gainesville, TX?
According to the most recent data on the cost of living, Gainesville has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Texas, Gainesville has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Gainesville ranks as #232 most affordable out of the 414 places we measured in Texas. By definition, that implies Gainesville ranks as the #182 most expensive place in the Lone Star State.
For more reading on life in Gainesville, check out:
In Texas
In America
Gainesville Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Gainesville. Here is how it fairs on each of the criteria:
The Services index in Gainesville is 121.
The Groceries index in Gainesville is 96.
The Health index in Gainesville is 110.
The Housing index in Gainesville is 66.
The Transportation index in Gainesville is 96.
The Utilities index in Gainesville is 116.
| Living Expense | Gainesville | Texas | National Average | |
|---|---|---|---|---|
| Overall | 99 | 92 | 100 | |
| Services | 121 | 97 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 110 | 93 | 100 | |
| Housing | 66 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 116 | 104 | 100 | |
Gainesville, 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 Gainesville is $249,963.
The Median Rent in Gainesville is $1,080.
The Median Income in Gainesville is $56,341.
The Home Value To Income in Gainesville is 4.4x.
The Rent To Monthly Income in Gainesville is 0.23x.
| Statistic | Gainesville | Texas | United States |
|---|---|---|---|
| Median Home Value | $249,963 | $298,905 | $303,400 |
| Median Rent | $1,080 | $1,339 | $1,348 |
| Median Income | $56,341 | $76,292 | $78,538 |
| Home Value To Income | 4.4x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Gainesville, TX Costs By Category
Detailed Gainesville Services Costs Vs. Texas
| Item | Gainesville | Texas |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.85 | $12.13 |
| Bowling | $16.96 | $18 |
| Haircut | $23.57 | $24.26 |
| Beauty Salon | $35.11 | $45.56 |
Detailed Gainesville Groceries Costs Vs. Texas
| Item | Gainesville | Texas |
|---|---|---|
| Ground Beef | $5.44 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $11.96 | $12.09 |
| Beer | $10.27 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Gainesville Health Costs Vs. Texas
| Item | Gainesville | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed Gainesville Transportation Costs Vs. Texas
| Item | Gainesville | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed Gainesville Utilities Costs Vs. Texas
| Item | Gainesville | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
Gainesville SnackAbility
/10
Cost Of Living In Cities Around Gainesville
The cost of living varies in the cities and towns around Gainesville. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 129, 1.3x Gainesville.
Frisco, TX has a cost of living index of 139, 1.4x Gainesville.
McKinney, TX has a cost of living index of 130, 1.3x Gainesville.
| City | Population | Cost Of Living | Vs. Gainesville |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.3x |
| Frisco, TX | 210,238 | 139 | 1.4x |
| McKinney, TX | 202,314 | 130 | 1.3x |
| Carrollton, TX | 132,741 | 120 | 1.2x |
| Allen, TX | 107,684 | 129 | 1.3x |
| Flower Mound, TX | 77,886 | 135 | 1.4x |
| Keller, TX | 45,598 | 134 | 1.4x |
| Coppell, TX | 42,029 | 135 | 1.4x |
| Southlake, TX | 31,044 | 163 | 1.6x |
| Corinth, TX | 22,868 | 124 | 1.3x |
