Calculate using real Houston data. Median home price: $300,000. Property tax rate: 1.82%.
Houston, TX has a cost of living index of 95, where 100 represents the national average. This means living in Houston is 5% less expensive the national average.
The median household income in Houston, TX is $57,791. Combined with a cost of living index of 95, this provides a picture of purchasing power in the area.
The median home price in Houston, TX is $300,000 with a property tax rate of 1.82%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,122.