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Cost of Living in Tyler

Is it better to rent or buy in Tyler? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$78,167
$1,272/mo

Median in area: $1,272

$242,367

Median in area: $242,367

$48,473

If you Rent

🔑
$1,373 /mo
Base Rent$1,272
Est. Utilities$101
% of Income21.1%
Pre-tax Residual$5,141

If you Buy

🏠
$1,662 /mo
P&I (6.5%)$1,226
Taxes & Ins$335
Est. Utilities$101
% of Income25.5%
Pre-tax Residual$4,852

Cost of Living FAQs

Is it cheaper to rent or buy in Tyler?›

Based on median housing data, renting is currently more affordable on a monthly basis in Tyler. The estimated all-in monthly cost for renting is $1,373, while owning a median-priced home with a 20% down payment is roughly $1,662 per month (a difference of $289).

How much do utilities cost in Tyler?›

The average monthly utility cost (electricity and natural gas) for a typical home in Tyler is approximately $101. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Tyler?›

To comfortably afford the median rent and utilities in Tyler without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $54,920 per year.