Fort Worth is among the 20 largest cities in the United States. But, despite its size, many of its neighborhoods maintain a country vibe. If you’re considering moving to Fort Worth, you’re not alone. Fort Worth is a rapidly expanding city, with over 250 residents being added to its population each day, mostly young professionals and families that have decided to trade the bustling city lifestyle for Fort Worth’s quaint neighborhoods.
Moving to a new location can be a very exciting adventure, but it can also mean having a higher cost of living. If you are considering relocating to Fort Worth, we recommend that you check the cost of living in Fort Worth, Texas and compare it with that of your current residence. It will be beneficial for you to know whether this city is more affordable or more expensive than your present location.
What is Cost of Living?
The cost of living is the amount of money necessary to cover an individual’s basic expenses in a particular location and time period. This would include housing, food, taxes, and healthcare. Cost of living is often used to compare the affordability of living in one city compared to another. A cost-of-living index is particularly helpful if you are considering moving to Fort Worth, TX and you want to see if moving here would be beneficial for you and your family given your projected income.
A cost-of-living index is particularly helpful if you are considering moving to Fort Worth, and you want to see if living here would be beneficial for you and your family given your projected income. This index is based on a national average of 100. For example, if the COL index of housing in a given area is 90, then it is 10% lower than the national average.
Cost of Living in Fort Worth, TX
- Overall, Fort Worth cost of living index is 99.8; the state average is 93.9.
- The COL index for groceries is 97.7; the state average is 93.7.
- The COL index for health care is 99.4; the state average is 95.4.
- The COL index for housing is 85.5; the state average is 84.3.
- The COL index for transportation is 113.9; the state average is 103.3.
- The COL index for utilities is 100.5; the state average is 99.2.
Cost of Food and Groceries in Fort Worth, TX
- Meal at an inexpensive restaurant: $17.50
- A three-course meal for two people at a mid-range restaurant: $50
- A McMeal at McDonalds (or equivalent combo meal): $8
- Cappuccino (regular): $4.97
- Coke/Pepsi (0.33-liter bottle): $1.84
- Water (0.33-liter bottle): $1.25
- Milk (1 liter): $0.79
- Loaf of fresh white bread (500g): $2.62
- White rice (1kg): $5.44
- Eggs (1 dozen): $2.01
- Chicken fillet (1kg): $8.26
- Beef round (1kg): $11.94
- Apples (1kg): $7.17
- Bananas (1kg): $1.78
- Oranges (1kg): $3.36
- Tomatoes (1kg): $4.12
- Potatoes (1kg): $3.40
- Onions (1kg): $2.36
- Lettuce (1 head): $1.80
- Water (1.5-liter bottle): $1.75
- Bottle of Wine (mid-range): $14.50
Health Care Costs in Fort Worth, TX
- A visit to an optometrist costs $92.25 on average – 15% lower than the national average of $107.57.
- An appointment with a general practitioner costs $91.05 on average – 21.6% lower than the national average of $116.17.
- A routine checkup with a dentist in Fort Worth costs $108.33 on average – 9.3% higher than the national average of $99.13.
- Overall, health care costs in Forth Worth, Texas is 0.6% below the national average.
Costs of Basic Services in Fort Worth, TX
- Monthly gym membership fee: $32.86
- Simple haircut at a salon: $27.56
- 1-month daycare or pre-school fee: $934
- 1-hour rent at a tennis court (on weekends): $19.33
- Cinema ticket (international release): $9.50
Housing Costs in Fort Worth, TX
- Since this city has become such a popular place to live, Fort Worth is definitely a seller’s market.
- When it comes to housing costs, Fort Worth properties relatively inexpensive.
- The median home price in Fort Worth, TX is $215,299.
- 56.4% of Fort Worth residents are homeowners.
- Average monthly rent is $645 for a 1-bedroom apartment in the city center; outside the city center, $500.
- Average monthly rent is over $1,500 for a 3-bedroom home or apartment in the city center; outside the city center, $1,000.
Utility Costs in Fort Worth, TX
- The average monthly electricity bill in x amounts to around $193.75.
- The average monthly internet bill in Fort Worth, TX amounts to around $48 (8 mbps).
Transportation Costs in Fort Worth, TX
- The monthly pass runs from $50 to $75.
- A taxi ride costs $2 per mile.
- Gasoline costs around $0.81 per liter.
Taxes in Texas
- Texas is one of nine states that doesn’t have an individual income tax.
- Average effective property tax in Fort Worth, TX is 2.18%.
- Sales tax rate in Fort Worth is 8.25%.
Senior Living in Fort Worth Texas
- Fort Worth, TX is home to around 900,000 seniors aged 65 and above.
- Almost 10% of the city’s population are seniors.
- Seniors choose to retire in Fort Worth, TX because of its mild climate and the world-class hospitals and medical clinics in the area.
- Also, as mentioned previously, healthcare costs in the city are slightly below the national average.
- Fort Worth’s seniors pay an average of $4,400 for assisted living, which is higher than the state average of $3,998 and the national average of $4,300.
Fort Worth, Texas is indeed an amazing place to live in. If you are considering relocating to this city, we hope that the information in this article has helped you assess if the move will be beneficial for you. And if you are planning to buy your new home in this location, feel free to get in touch with us and we will be more than happy to help you find the perfect home for you and your family given your lifestyle, personal preferences, and budget. Give us a call today at 817-873-6618 or send us an email at jared@modelrealtytx.com if you have any questions or if you would like to schedule an appointment.
