How Much Does It Cost to Live in Houston, Texas?

Houston is a large city located in Texas with a metropolitan area population of 2,160,821. A couple could live a moderate lifestyle in Houston on a budget of $3,320 per month, or $39,844 per year.

Cost of Living in Houston, Texas

As noted above, the cost of living in Houston, Texas is $3,320 per month for a couple living a moderate lifestyle. This budget consists of $2,030 for housing related costs, $602 for food, and $689 for other costs, all of which will be broken down below.

Housing

  • A one-bedroom apartment in the city center of Houston is estimated to cost $1,778
  • Basic utilities including electricity, water, and gas will run about $178
  • High-speed internet averages $74

Food

  • Typical grocery costs of $409 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $93
  • Frequent coffees in a neighborhood café are estimated to be about $101

Other

  • Meals out are estimated to be $423 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $100 for public transport passes and occasional taxis
  • Fitness center memberships of $106
  • Cinema tickets of $60 include several outings for international releases

Note that Houston, Texas is a very walkable city with a Walk Score of 95/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

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Amount of Money Needed to Retire in Houston, Texas

Many people searching the internet for the cost of living in Houston, Texas are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $996,105 to live a moderate lifestyle in Houston, Texas.

Annual expenses of $39,844 ÷ 4% = $996,105 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.

Summary

Overall, the cost of living in Houston, Texas is affordable coming in at $3,320 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $996,105.

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