Cost of Living in Fort Worth, TX

Population 941,311 · Texas · Data vintage 2023

98
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fort Worth is among the largest cities in Texas by population, with the kind of employment diversity and housing variation that comes with a major regional hub.

Cost Overview

Housing 91
Rent 107

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fort Worth

The median home value in Fort Worth is $277,300 — 9% below the national median of $305,000. Median rent runs $1,412/month, 7% higher than the national median of $1,314/month. The median household income of $76,602/year is 3% higher than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.2°F and lows of 56.7°F. Overall, Fort Worth has a cost of living index of 98 versus the US average of 100, meaning it is 2% less expensive.

🏠 Housing

Median Home Value
$277,300
9% below avg
Zillow Home Value
$295,821
Zillow ZHVI
Median Rent
$1,412/mo
7% above avg
Zillow Rent
$1,553/mo
Zillow ZORI
Price-to-Rent Ratio
16.4x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 56.8%
Renter-occupied 43.3%

💰 Estimated Monthly Budget

Rent median rent
$1,412
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,026/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.2 min
8% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.9%

Commute Mode

Drove alone
72.9%
Carpooled
10.9%
Public transit
0.5%
Walked
1.2%
Bicycle
0.2%
Work from home
12.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$76,602
3% above avg
Per Capita Income
$37,157
Unemployment Rate
4.9%
2% above avg
Poverty Rate
12.9%
Labor Force Participation
68.5%

🎓 Education

Bachelor's degree+ 20.6%
Graduate degree 11.1%

👥 Demographics

Median Age 33.4
Male median age 33
Female median age 33.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
78.2°F
Avg Low
56.7°F
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596471788693979789806859
Low °F 374049566372767668584739

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 55 — Moderate
33.4%
Good air days/yr
172
Max AQI recorded
233
PM2.5 days
124
Ozone days

Frequently Asked Questions

What is the cost of living in Fort Worth, TX?

Fort Worth has a cost index of 98 (100 = national average). It is 2% below the national average.

What is average rent in Fort Worth, TX?

The median gross rent in Fort Worth is $1,412 per month based on 2023 Census data.

What is the average home price in Fort Worth?

The median home value in Fort Worth is $277,300 according to Zillow and Census data.

What is the median income in Fort Worth?

The median household income in Fort Worth is $76,602 per year (2023 ACS 5-year estimates).

What is the sales tax in Fort Worth, TX?

The combined state and local sales tax rate in Fort Worth is 8.2%. Texas has no state income tax.

Is Fort Worth, TX affordable?

Fort Worth is near the national average in terms of cost of living, with an index of 98 (100 = US average).

What is the weather like in Fort Worth?

Fort Worth has average high temperatures of 78.2°F and average lows of 56.7°F. Data from NOAA 1991–2020 Climate Normals.