Cost of Living

Cost of living is the various expenses an individual or a family has to spend in order to maintain a certain quality of living in a particular community. There are several factors affecting the total amount you'll have to allocate for your monthly budget. These include food, transportation, housing, utilities, and more. If you are planning to move into a new home, you'll want to consider the cost of living in the area to ensure you can afford to pay for your day to day expenses once you live there.

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Cost of Living Index in Fort Bend, TX

COST OF LIVING Fort Bend Texas USA Overall 108.7 93.9 100 Grocery 98.7 93.7 100 Health 91.5 95.4 100 Housing 110.6 84.3 100 Utilities 101 99.2 100 Transportation 125.6 103.3 100 Miscellaneous 106.4 96.4 100

The chart above is the cost of living index which provides a numbered guide at the overall rating of the various factors affecting your cost of living in Fort Bend, Texas. The chart is graded at a base of 100 which serves as the national average. As you can see many of the factors are marginally cheaper in Texas compared to other states in the country aside from transportation. However, this does not apply to Fort Bend County as you can expect to overall pay for more in the region compared to other counties in the state. A major factor affecting this cost is transportation as communities are far apart generally in Fort Bend County you can expect to spend a lot on your gas budget. Housing costs are also higher in the region - thanks in part to the many premier and luxury developments prevalent in the area.

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Taxes in Fort Bend County

Texas taxes are some of the best in the country with its being no state income tax applied to its residents. There is a sales tax of 6.25% which applies to all transactions as well as the many levy taxes applied by individual counties. Fort Bend County specifically collects 2.48% in property taxes which accounts for 4.66% of the county's annual income.

If you would like more information, please check out our original blog post at https://bretwallace.com/.

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