DeSoto, TX vs Midland, TX

DeSoto, TX and Midland, TX have a very similar cost of living, with only a 3.3% difference in their overall index. DeSoto scores 104 while Midland scores 101 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in DeSoto is $1,478/month compared to $1,407/month in Midland — a 5% difference. Interestingly, home values tell a different story: while Midland has cheaper rent, DeSoto actually has lower median home values ($282,600 vs $298,600).

Median household income in DeSoto is $83,256 compared to $91,169 in Midland (-8.7%). Midland offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of DeSoto spend roughly 21.3% of their income on rent, more than the 18.5% in Midland.