Cost of Living in Hilshire Village, TX

With a cost of living index of 226, Hilshire Village, TX is one of the most expensive cities in the United States. Living here is 126% more expensive than the national average and 138% above the Texas state average of 88. Hilshire Village is a small community of 1,091 residents.

Housing costs are the biggest factor in Hilshire Village's cost of living. The median monthly rent is $3,501 (165% above the US median of $1,319), and the median home value sits at $1,035,300 (240% above the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hilshire Village is $250,001, which is 233% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Hilshire Village. The area sees an average annual temperature of 70.5°F, with summers averaging 84°F and winters around 56°F. Annual rainfall totals 51.8 inches spread over roughly 104 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Houston-Pasadena-The Woodlands, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.