Cost of Living in Terrell Hills, TX

With a cost of living index of 131, Terrell Hills, TX is a notably expensive place to live. Living here is 31% more expensive than the national average and 43% above the Texas state average of 88. Terrell Hills is a smaller community of 5,050 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Terrell Hills's cost of living. The median monthly rent is $1,154 (13% below the US median of $1,319), and the median home value sits at $762,200 (150% above the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Terrell Hills is $217,800, which is 190% higher than the national median of $75,149. Residents spend roughly 6% 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 Terrell Hills. The area sees an average annual temperature of 69.6°F, with summers averaging 84°F and winters around 54°F. Annual rainfall totals 32.4 inches spread over roughly 81 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the San Antonio-New Braunfels, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.