Galveston, TX

Average · 91

Texas · Population 53,348 · Updated March 2026

$1,278
Median Rent / Month
$57,216
Median Income
$294,300
Median Home Value
$1,287
Owner Costs / Month

Affordability

How far your income goes in Galveston

26.8%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$15,336
Annual Rent
$0
State Income Tax
$4,709
Property Tax (est.)

Cost of Living Overview

Galveston offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), Galveston residents can expect to pay median rent of $1,278/month while earning a median household income of $57,216/year.

The median home value in Galveston, TX is $294,300, with typical monthly owner costs around $1,287 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.8%, Galveston falls within the generally affordable range, though it's approaching the 30% burden threshold.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Galveston.

Frequently Asked Questions

Common questions about living costs in Galveston

What is the cost of living in Galveston, TX?
The cost of living index in Galveston, TX is 91 (US average = 100). Median monthly rent is $1,278, median household income is $57,216/year, and the median home value is $294,300.
Is Galveston, TX affordable?
Yes, Galveston is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 26.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Galveston, TX?
The median gross rent in Galveston, TX is $1,278 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,336.
What is the median household income in Galveston?
The median household income in Galveston, TX is $57,216 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.