The C2ER Cost of Living Index for Q1 ’19 indicates that Houston’s housing costs are 9.3 percent below the nationwide average and 47.8 percent below the average for the 20 most populous U.S. metros. Lower housing costs are one of the reasons Houston’s overall living costs are 25.8 percent below the large-metro average. (This housing index is based 71.0 percent on homeownership and 29.0 percent on rental occupancy.)
Excluding the two most expensive housing markets—New York and San Francisco—which tend to skew the average, Houston’s housing costs are still 37.1 percent below the major metro average.
Patrick Jankowski, CERP
Senior Vice President, Research
Melissa Verhoef, PhD
Housing costs in Houston are the 3rd lowest among the top 20 U.S. metros
Houston’s housing costs are 9.3 percent below the nationwide average