Cost of Living in Arlington TX

Cost of Living in Arlington TX

Cost of Living in Arlington TX: Arlington, Texas, is nestled in the heart of the Mid-Cities and Metroplex region of Dallas-Fort Worth. It is located in North Texas and close to Freeways 20 and 30, just 20 miles west of Dallas and 15 miles east of Fort Worth. Arlington has a population of approximately 400,000. However, it is difficult to isolate the city from the greater region. The metro area, which includes Dallas and Fort Worth, is home to nearly 7 million people and one of the most populous areas in the United States.

Although Arlington is an integral part of a large metropolitan area, the cost of living here is lower than you might think. When you compare it to the national average of 100, the cost of living in Arlington is 100.6. Although the city’s cost of living identical to the national average, you are likely to find a wide range of options and prices when looking for the perfect spot here. Let’s look at the average apartment prices in Arlington so that you can budget effectively.

Cost of Living in Arlington TX
Cost of Living in Arlington TX.

Attractions in Arlington

As you discover Arlington, you will quickly discover that the city has so much more to offer than a convenient location. In fact, Arlington is known as America’s Dream City. This Texas city is home to most of the Major League sports teams in the Dallas-Fort Worth area. You can also find a branch of the University of Texas and a handful of theme parks and cultural attractions within the city limits of Arlington.

How much does an apartment cost in Arlington?

Our research on rent in Arlington shows that most apartments fall into one of two price brackets. About 45% cost between $ 500 and $ 1,500 per month and 45% cost between $ 1,500 and $ 2,500 per month. The rest mostly cost over $ 2,500 per month, and a few cost less than $ 500 per month.

Although Arlington’s population continues to grow, resulting in an ever-increasing demand for housing, rents are not showing signs of increasing significantly. In fact, the average year-over-year change in rent in Arlington is about 10%.

Indeed, the average rent has gradually increased in recent years. However, when you consider the overall cost of living in Arlington, it is still relatively affordable. That’s slightly lower than the cost of living in nearby Dallas, an index of 101.6, and a bit higher than Fort Worth, which has an index of 99.8.

To give you a more accurate assessment of the cost of living in Arlington, we’ve broken down the top clues most residents need to consider when it comes to their budget:

  • The Arlington Housing Cost Index is 88.5. It’s 92.9 in Dallas, 85.5 in Fort Worth, and 84.3 across Texas.
  • The utility cost index in Arlington is 100. It is 100 in Dallas, 100.5 in Fort Worth, and 99.2 statewide.
  • The cost of transportation index in Arlington is 114.6. That’s 117.1 in Dallas, 113.9 in Fort Worth, and 103.3 statewide in Texas

Browse apartments for rent in Arlington

How do you find cheap apartments in Arlington?

Finding affordable apartments in Arlington is easy as you have tons of options just about anywhere in the city. If you want to keep your costs as low as possible, one of the easiest strategies is to downsize. As you would expect, the size of the apartment is one of the main aspects that determine the price. Here are the average rental rates in Arlington by apartment size:

  • Studios cost $ 775 per month.
  • One-bedroom apartments are priced at $ 950 per month
  • Two-bedroom units cost $ 1,225 per month
  • Three bedroom apartments are priced at $ 1,750 per month
  • Four bedroom homes cost $ 2,200 per month

If you can go from a two-bedroom apartment to a one-bedroom apartment or from a one-bedroom apartment to a studio, you could save hundreds of dollars on rent each month. If you’d rather not downsize, consider sharing your space with a roommate. By dividing the cost of rent and utilities, you could significantly reduce your costs.

In addition to square footage and the number of bedrooms, location also affects rental rates. For example, some of Arlington’s more expensive neighbourhoods include Town North and Parkway North, two of the areas that provide the most convenient interstate access. If you don’t need to live near I-30 or don’t mind having a longer commute, avoid these expensive neighbourhoods and look for accommodation in cheaper areas instead.

Alternatively, you can consider renting in a nearby town. For example, the cost of living in the nearby towns of Wilmer and Ferris is even cheaper than in Arlington. In Ferris, the cost of living index is 95, and the housing cost index is 65.2, making it much more affordable than Arlington. At Wilmer, you can find even lower prices. The cost of living index here is 83.1, and the housing cost index is 33.9 in Wilmer.

What’s the cheapest rent in Arlington?

The cost of living in Arlington is relatively low, no matter where you live. However, if you know where to look, you can find some surprisingly affordable apartments within the city limits. These areas of Arlington usually have the cheapest rent:

  • Hollandale and Heart of Arlington, where one-bedroom apartments cost as little as $ 500 to $ 800
  • Randol Mill and Sherwood Knoll, where two-bedroom accommodation is priced from $ 700 to $ 900
  • Woodland West and South Davis, where three-bedroom units cost about $ 1,600 to $ 1,700
  • Coldwater Creek and Lake Port Meadows, where four-bedroom units cost between $ 1,600 and $ 1,700

Whether you’ve just moved statewide or looking for new accommodation in the area, the cost of living in Arlington will fit your budget. Start your Arlington apartment search now and find the perfect spot for you.

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