What Is The Cost of Living in Midland, TX?

Midland, TX, a city in the heart of West Texas, is known for its oil industry and rich history. Over the years, Midland has drawn many new residents, especially those seeking work in the oil sector.

But how much does it cost to live in Midland, and what should potential movers expect? Let’s break down the factors that affect the cost of living in Midland, TX, and explore what makes this city an attractive place to call home.

Housing Costs in Midland, TX

Housing is one of the biggest factors influencing the cost of living in Midland, TX. With Midland’s economy deeply tied to the oil industry, the local housing market tends to fluctuate with the booms and busts of oil production.

Buying a Home in Midland

If you’re considering buying a home, the median home price in Midland is higher than the national average, though it’s lower than major metropolitan areas in Texas like Austin or Dallas. 

As of recent data, the median home price hovers around $350,000, but this can vary depending on the neighborhood and housing market trends. For many, the oil industry’s cycles impact home prices directly, meaning prices can rise during oil booms and soften during slower times.

Renting a Home in Midland

If buying isn’t in your plans, renting is another option. The cost of living in Midland, TX for renters is also influenced by the demand from oil workers and their families. Rent for a one-bedroom apartment in Midland ranges from $1,000 to $1,500, with larger apartments or homes naturally costing more. However, rental prices can be slightly unpredictable, often fluctuating alongside the local oil economy.

Utilities and Services in Midland

Utilities in Midland can be a bit higher than the national average, due in part to the hot Texas climate. Residents can expect to spend more on air conditioning during the hot summer months. On average, utility bills (including electricity, water, and gas) range between $200 to $300 per month, depending on the size of your home and your usage.

Midland also offers access to internet and cable services similar to most U.S. cities, with packages ranging from $50 to $150 per month. Depending on your provider and package, the costs can fluctuate, but generally, utilities will add a noticeable amount to your monthly expenses.

Transportation Costs in Midland

Transportation is another key factor when considering the cost of living in Midland, TX. Midland is a car-dependent city, as public transportation options are limited. The Midland-Odessa area does have a public bus system, but most residents rely on personal vehicles to get around.

Gas Prices and Vehicle Costs

The cost of gas in Midland is slightly lower than the national average, often aligning with other areas of Texas. However, since most people drive daily, these costs add up. Oil booms can also cause fluctuations in gas prices, so it’s important to factor in those changes. On average, gas prices in Midland range from $3 to $4 per gallon.

Vehicle Maintenance and Insurance

Owning a car in Midland means budgeting for vehicle maintenance, insurance, and potential repairs. Car insurance in Texas can be moderately priced, but the cost of insuring a vehicle in Midland depends on factors like your driving history, vehicle type, and coverage. On average, drivers in Midland pay between $1,200 and $1,800 annually for auto insurance.

Food and Grocery Costs in Midland

Food is another crucial element in understanding the cost of living in Midland, TX. On the whole, grocery prices in Midland are close to the national average. A monthly grocery bill for a single person typically falls between $300 and $400, depending on personal eating habits.

Eating out at restaurants is slightly more affordable compared to major Texas cities like Dallas or Austin. Dining at local eateries or fast-food chains costs around $10 to $15 per meal. More upscale dining can range from $20 to $50 per person, depending on the restaurant.

Healthcare Costs in Midland

Healthcare is another expense that potential movers should consider when evaluating the cost of living in Midland, TX. Midland offers several healthcare options, from local clinics to regional hospitals. The cost of medical care can vary depending on your insurance coverage, but Midland is known for having relatively affordable healthcare compared to larger cities.

Health Insurance

Health insurance premiums in Texas vary widely based on age, income, and coverage. If you’re buying insurance on the Texas marketplace, premiums can range from $300 to $600 a month for individuals, depending on the plan and coverage. Employer-provided healthcare often helps reduce these costs significantly.

Education and Childcare Costs

For families, education and childcare can significantly impact the cost of living in Midland, TX. Midland has a range of public and private schools, and overall, public schooling is free, as it is throughout the U.S.

Childcare Expenses

For those with young children, childcare costs are an important consideration. The average cost of daycare in Midland can range from $700 to $1,200 per month, depending on the facility and the age of the child. For families with multiple children, these costs can add up quickly.

Entertainment and Leisure in Midland

While Midland may not have the same entertainment options as larger Texas cities, there are still plenty of things to do. Residents enjoy outdoor activities, local museums, and live performances at the Midland-Odessa Symphony & Chorale.

Fitness and Recreational Activities

Gym memberships in Midland generally cost between $30 and $60 per month, depending on the facility and membership package. Local parks and recreational activities, like hiking and biking, are also popular and often free or low-cost.

Entertainment Costs

If you enjoy going to the movies or attending local events, Midland offers reasonably priced entertainment options. A movie ticket typically costs around $10 to $12, while events and performances can range in price depending on the venue and artist.

Taxes in Midland, TX

When discussing the cost of living in Midland, TX, it’s important to consider taxes. Texas has no state income tax, which can be a huge financial benefit to residents. However, property taxes in Texas can be higher than the national average, with Midland’s property tax rate around 2.2%.

Sales tax in Midland is 8.25%, which is relatively standard across Texas. This means that for every dollar you spend, you’ll pay a little extra in taxes. While this might not have a large impact on your monthly expenses, it’s still something to keep in mind.

Read more: Guide to moving to Dallas with a family

Is Midland, TX Affordable?

In conclusion, the cost of living in Midland, TX is relatively affordable when compared to other Texas cities. Although housing prices can rise and fall with the oil industry, the overall cost of living remains manageable. 

For those working in the oil sector or searching for more budget-friendly housing options, Midland provides a good mix of amenities, job opportunities, and a lower cost of living than major metropolitan areas.

Consider hiring Midland movers to make your transition smoother and more efficient! Professional movers can handle packing, and transportation, ensuring your belongings are safely relocated without the hassle. 

With their local expertise, Midland movers are familiar with the area’s neighborhoods and traffic patterns, allowing them to navigate your move with ease.

Written by Billy Guteng. October 12, 2024

Billy is a content writer for Kukun. He was born in France, and has lived in multiple cities around the world ever since. He loves art, design and architecture as well as construction and real estate.