Providence Village, TX Cost Of Living
Cost Of Living In Providence Village, TX Summary
Cost of living in Providence Village 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 Providence Village 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 Providence Village is 122, with 100 being the average.
The cost of living index in Providence Village is 1.2x higher than the national average.
Providence Village ranks as the #360 cheapest in Texas out of 414.
Providence Village ranks as the #4,541 cheapest out of 6,489 in the US.
The median home value in Providence Village is $368,810.
The median income in Providence Village is $105,469.
Table Of Contents
Providence Village's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Providence Village, TX?
According to the most recent data on the cost of living, Providence Village has an overall cost of living index of 122, which is 1.2x higher than the national index of 100.
Compared to Texas, Providence Village has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in Providence Village ranks as #360 most affordable out of the 414 places we measured in Texas. By definition, that implies Providence Village ranks as the #54 most expensive place in the Lone Star State.
For more reading on life in Providence Village, check out:
In Texas
In America
Providence Village Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Providence Village. Here is how it fairs on each of the criteria:
The Services index in Providence Village is 122.
The Groceries index in Providence Village is 98.
The Health index in Providence Village is 112.
The Housing index in Providence Village is 142.
The Transportation index in Providence Village is 93.
The Utilities index in Providence Village is 116.
| Living Expense | Providence Village | Texas | National Average | |
|---|---|---|---|---|
| Overall | 122 | 92 | 100 | |
| Services | 122 | 97 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 112 | 93 | 100 | |
| Housing | 142 | 82 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 116 | 104 | 100 | |
Providence Village, 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 Providence Village is $368,810.
The Median Rent in Providence Village is $2,399.
The Median Income in Providence Village is $105,469.
The Home Value To Income in Providence Village is 3.5x.
The Rent To Monthly Income in Providence Village is 0.27x.
| Statistic | Providence Village | Texas | United States |
|---|---|---|---|
| Median Home Value | $368,810 | $298,905 | $303,400 |
| Median Rent | $2,399 | $1,339 | $1,348 |
| Median Income | $105,469 | $76,292 | $78,538 |
| Home Value To Income | 3.5x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.27x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Providence Village, TX Costs By Category
Detailed Providence Village Services Costs Vs. Texas
| Item | Providence Village | 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 Providence Village Groceries Costs Vs. Texas
| Item | Providence Village | 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 Providence Village Health Costs Vs. Texas
| Item | Providence Village | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed Providence Village Transportation Costs Vs. Texas
| Item | Providence Village | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed Providence Village Utilities Costs Vs. Texas
| Item | Providence Village | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
Providence Village SnackAbility
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