Cost of living in Katy 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 Katy 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 Katy is 97, with 100 being the average.
The cost of living index in Katy is 1.0x lower than the national average.
Katy ranks as the #291 cheapest in Texas out of 405.
Katy ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Katy is $290,200.
The median income in Katy is $115,250.
According to the most recent data on the cost of living, Katy has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Texas, Katy has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Katy ranks as #291 most affordable out of the 405 places we measured in Texas. By definition, that implies Katy ranks as the #114 most expensive place in the Lone Star State.
For more reading on life in Katy, check out:
Six factors go into calculating the cost of living index in Katy. Here is how it fairs on each of the criteria:
The Services index in Katy is 99.
The Groceries index in Katy is 92.
The Health index in Katy is 101.
The Housing index in Katy is 92.
The Transportation index in Katy is 95.
The Utilities index in Katy is 111.
|Living Expense||Katy||Texas||National Average|
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 2017-2021. The key points are:
The Median Home Value in Katy is $290,200.
The Median Rent in Katy is $1,200.
The Median Income in Katy is $115,250.
The Home Value To Income in Katy is 2.5x.
The Rent To Monthly Income in Katy is 0.12x.
|Median Home Value||$290,200||$202,600||$244,900|
|Home Value To Income||2.5x||3.0x||3.5x|
|Rent To Monthly Income||0.12x||0.2x||0.2x|
The cost of living varies in the cities and towns around Katy. Here's a quick look at the cost of living in the most populous nearby places:
Sugar Land, TX has a cost of living index of 117, 1.2x Katy.
Mission Bend, TX has a cost of living index of 97, 1.0x Katy.
Rosenberg, TX has a cost of living index of 93, 1.0x Katy.
|City||Population||Cost Of Living||Vs. Katy|
|Sugar Land, TX||110,272||117||1.2x|
|Mission Bend, TX||38,772||97||1.0x|
|Pecan Grove, TX||19,944||102||1.1x|
|Cinco Ranch, TX||18,399||119||1.2x|
|Four Corners, TX||11,133||101||1.0x|