Quality of Life Assessment for a $115,940 Salary in Houston, TX

Overview of Cost of Living

• General Cost of Living: Houston offers a relatively affordable cost of living compared to other major US cities.

  • Overall cost of living in Houston is slightly below the national average.
  • Expenses such as groceries and transportation are moderate.

• Comparison to the National Average:

  • Houston's cost of living index is approximately 96, compared to the national average of 100.
  • This average makes a $115,940 salary in Houston more valuable compared to cities with higher living costs like New York or San Francisco.

Housing Market Insights

• Median Home Price:

  • As of 2023, the median home price in Houston is around $350,000.
  • This is below the national median, which stands at approximately $415,000.

• Affordability:

  • With a $115,940 income, a resident can comfortably afford a median-priced home.
  • Houston's housing market provides a good range of options for different budgets.

Quality of Life

• Work-Life Balance:

  • Houston provides numerous job opportunities, particularly in the energy, healthcare, and technology sectors.
  • The city's vibrant cultural scene and diverse demographic offer enriching experiences outside of work.

• Cultural and Recreational Opportunities:

  • Known for its museums, parks, and culinary diversity.
  • Offers abundant options for outdoor activities, art, and culture lovers.

Access to Healthcare

• Healthcare Facilities:

  • Houston is home to the Texas Medical Center, the largest medical complex in the world.
  • Residents have access to world-class healthcare providers and specialists.

• Healthcare Costs:

  • Healthcare expenses are slightly higher than the national average but offset by the quality and accessibility of care.

Quality of K-12 Schools

• Public Schooling:

  • School quality can vary, with better performance generally found in suburban areas.
  • The Houston Independent School District is one of the largest and most diverse in the nation.

• Private Schooling Options:

  • A variety of private and charter schools are also available, offering alternatives to the public system.

Summary of Assessment

Living in Houston, TX on an income of $115,940 provides a high standard of living