Cost of Living in Josephine, TX

Population 4,498 · Texas · Data vintage 2023

94
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Josephine is a smaller Texas community of around 4000 residents, where median household incomes of $99,063 and housing costs ($267,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.4% points to a labor market well on the tight side of the national distribution.

Geographically, Josephine sits roughly 20 miles east of Allen. Median home values run roughly 38% lower than Allen's $430,000.

Cost Overview

Housing 88
Rent 104

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

About the Cost of Living in Josephine

The median home value in Josephine is $267,400 — 12% below the national median of $305,000. Median rent runs $1,367/month, 4% higher than the national median of $1,314/month. The median household income of $99,063/year is 33% higher than the US median of $74,580. The local unemployment rate is 1.4%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 75.9°F and lows of 54.1°F. Overall, Josephine has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

🏠 Housing

Median Home Value
$267,400
12% below avg
Zillow Home Value
$389,411
Zillow ZHVI
Median Rent
$1,367/mo
4% above avg
Price-to-Rent Ratio
16.3x
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 95.1%
Renter-occupied 4.9%

💰 Estimated Monthly Budget

Rent median rent
$1,367
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,981/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
48.9 min
81% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
13.4%

Commute Mode

Drove alone
77.0%
Carpooled
8.6%
Work from home
13.4%

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
$99,063
33% above avg
Per Capita Income
$37,592
Unemployment Rate
1.4%
70% below avg
Poverty Rate
5.0%
Labor Force Participation
68.0%

🎓 Education

Bachelor's degree+ 25.6%
Graduate degree 5.7%

👥 Demographics

Median Age 30.9
Male median age 32.5
Female median age 30.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
75.9°F
Avg Low
54.1°F
Annual Precip
38.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 566068758391959688786657
Low °F 343846536270747366544436
Precip" 2.702.573.513.584.773.581.961.732.814.413.193.49

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
73.3%
Good air days/yr
154
Max AQI recorded
0
PM2.5 days
356
Ozone days

Frequently Asked Questions

What is the cost of living in Josephine, TX?

Josephine has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Josephine, TX?

The median gross rent in Josephine is $1,367 per month based on 2023 Census data.

What is the average home price in Josephine?

The median home value in Josephine is $267,400 according to Zillow and Census data.

What is the median income in Josephine?

The median household income in Josephine is $99,063 per year (2023 ACS 5-year estimates).

What is the sales tax in Josephine, TX?

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

Is Josephine, TX affordable?

Josephine is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Josephine?

Josephine has average high temperatures of 75.9°F and average lows of 54.1°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.

Josephine at a Glance

Population
4,498
Median Income
$99,063
Home Value
$267,400
Median Rent
$1,367/mo
Unemployment
1.4%
Avg High Temp
75.9°F
Sales Tax
8.2%
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Explore county-level cost of living data

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