University Park, TX Cost Of Living
Cost Of Living In University Park, TX Summary
Cost of living in University Park 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 University Park 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 University Park is 248, with 100 being the average.
The cost of living index in University Park is 2.5x higher than the national average.
University Park ranks as the #413 cheapest in Texas out of 414.
University Park ranks as the #6,427 cheapest out of 6,489 in the US.
The median home value in University Park is $2,292,789.
The median income in University Park is $250,001.
Table Of Contents
University Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in University Park, TX?
According to the most recent data on the cost of living, University Park has an overall cost of living index of 248, which is 2.5x higher than the national index of 100.
Compared to Texas, University Park has a cost of living index that's 2.7x higher than Texas's index of 92.
The standard of living in University Park ranks as #413 most affordable out of the 414 places we measured in Texas. By definition, that implies University Park ranks as the #1 most expensive place in the Lone Star State.
For more reading on life in University Park, check out:
In Texas
In America
University Park Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in University Park. Here is how it fairs on each of the criteria:
The Services index in University Park is 108.
The Groceries index in University Park is 101.
The Health index in University Park is 107.
The Housing index in University Park is 576.
The Transportation index in University Park is 90.
The Utilities index in University Park is 113.
| Living Expense | University Park | Texas | National Average | |
|---|---|---|---|---|
| Overall | 248 | 92 | 100 | |
| Services | 108 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 107 | 93 | 100 | |
| Housing | 576 | 82 | 100 | |
| Transportation | 90 | 94 | 100 | |
| Utilities | 113 | 104 | 100 | |
University Park, 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 University Park is $2,292,789.
The Median Rent in University Park is $2,940.
The Median Income in University Park is $250,001.
The Home Value To Income in University Park is 9.2x.
The Rent To Monthly Income in University Park is 0.14x.
| Statistic | University Park | Texas | United States |
|---|---|---|---|
| Median Home Value | $2,292,789 | $298,905 | $303,400 |
| Median Rent | $2,940 | $1,339 | $1,348 |
| Median Income | $250,001 | $76,292 | $78,538 |
| Home Value To Income | 9.2x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
University Park, TX Costs By Category
Detailed University Park Services Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $14.6 | $12.13 |
| Bowling | $24.53 | $18 |
| Haircut | $33.29 | $24.26 |
| Beauty Salon | $65.85 | $45.56 |
Detailed University Park Groceries Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.74 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $11.3 | $12.09 |
| Beer | $10.93 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
Detailed University Park Health Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
Detailed University Park Transportation Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
Detailed University Park Utilities Costs Vs. Texas
| Item | University Park | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
University Park SnackAbility
/10
Cost Of Living In Cities Around University Park
The cost of living varies in the cities and towns around University Park. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 106, 0.4x University Park.
Plano, TX has a cost of living index of 129, 0.5x University Park.
Irving, TX has a cost of living index of 109, 0.4x University Park.
| City | Population | Cost Of Living | Vs. University Park |
|---|---|---|---|
| Dallas, TX | 1,299,553 | 106 | 0.4x |
| Plano, TX | 287,339 | 129 | 0.5x |
| Irving, TX | 255,036 | 109 | 0.4x |
| Garland, TX | 245,298 | 110 | 0.4x |
| Mesquite, TX | 148,848 | 102 | 0.4x |
| Carrollton, TX | 132,741 | 120 | 0.5x |
| Lewisville, TX | 128,313 | 118 | 0.5x |
| Richardson, TX | 118,269 | 123 | 0.5x |
| Allen, TX | 107,684 | 129 | 0.5x |
| Grapevine, TX | 50,875 | 126 | 0.5x |
