What Is The Cost Of Living in Round Rock, Texas

Only about 20 miles north of Austin, Round Rock has grown in popularity as a place for families and professionals alike to move for more affordable housing and an excellent quality of life. Whether you're moving from out of state or elsewhere in the Austin metro area, the first thing you need to understand is the cost of living to determine whether Round Rock fits into your budget. Consider hiring professional Round Rock Cleaning Services who can prepare your new home for an easy move-in.

Housing Costs

Housing generally is the single largest expense in most household budgets. At mid-2024, the median home price in Round Rock was $430,000, up some 5% from the previous year. While higher than the national median price of $388,000, Round Rock has relatively inexpensive housing compared with Austin proper, where the median price tops $550,000.

Renting is a popular option, too, with some 41% of Round Rock households renting their homes. As of July 2023, the average rent for an apartment in Round Rock is $1,583. Single-family homes are larger and more expensive: figure about $2,500 per month.

Utilities

Utility costs in Round Rock are about 6% higher than Texas's average and 9% higher than the national average. The typical energy bill is around $220 per month. Summer time can get hot and air conditioning is required so the monthly electric bill may be at its highest in July and August.

Food & Groceries

Savings can be had in groceries in Round Rock, which are about 9% below the Texas average and 15% below the national average. Groceries: A gallon of milk will cost approximately $4.32, a dozen eggs $6.10, and a pound of potatoes $4.90.

Eating out is also very inexpensive. There are a vast number of restaurants from basic eateries to higher-class dining in Round Rock. A meal in an inexpensive restaurant will cost approximately $14, a mid-range three-course dinner for two people about $50.

Transportation

Transportation in Round Rock is 17% lower compared to the state average and is 20% lower than the national average. Gasoline prices have been going up and down; as of mid-2024, it had gone down to an average of about $2.70 per gallon.

Round Rock is a car-dependent suburb in most errands, but the city also offers a public bus system, growing network of bike lanes, and trails. Ride-sharing services like Uber and Lyft operate in the area.

Healthcare

Compared to other major cities in Texas, the Round Rock health care cost of living index has reached an average of 1. The national average is 8% higher than that of Round Rock at 106.4. A general trip to see the doctor will run a little under 115 dollars, while dental check-ups are closer to 100 bucks. On average, Texans each use approximately 8,239 dollars annually for health care.

Taxes

Texas is one of only seven states that don't assess a personal income tax, which keeps the overall tax burden low. Property taxes are assessed at an average of 2.1% of assessed home value, which is somewhat high relative to other parts of the country. Sales tax in Round Rock is 8.25%, combining the 6.25% Texas state tax with a 2% local tax.

Quality of Life

While the cost of living is relevant, please remember that Round Rock has an incredibly high quality of life. In addition to these elements, the city boasts exemplary schools, secure neighborhoods, several parks and trails, and a high economic level, with large employers like Dell Technologies.

Round Rock also offers a range of entertainment and recreation, from its minor league baseball team-the Round Rock Express-to unique attractions, like the Texas-sized glazed donuts of Round Rock Donuts. In this town, residents enjoy a lively downtown area, huge community events, and connectivity to all Austin's amenities within easy reach.

The Bottom Line

While there is nothing really cheap about living in Round Rock, Texas, it does provide a more affordable alternative to the nearby city of Austin, offering many of the same amenities. Housing costs are the biggest factor, so if you can find an affordable home, you'll more than likely find that other aspects of living are quite manageable. With a strong economy, great amenities, and high quality of life, Round Rock does merit its ranking among the best places to live in the Lone Star State.

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