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The Cost of Living in University Park Compared to Other Luxury Markets

  • Writer: Nitin Gupta, CRS, REALTOR
    Nitin Gupta, CRS, REALTOR
  • 6 days ago
  • 2 min read



University Park, Texas offers a unique combination of elite amenities, world-class schools, and luxurious living—all with a cost structure that remains competitive when compared to other luxury destinations across the country.



For high-income earners relocating from California, New York, or Illinois, University Park offers significant cost-of-living advantages, especially when factoring in Texas’s zero state income tax and lower overall housing costs per square foot.



University Park Cost of Living Highlights

  • Property taxes are higher than the national average but offset by no income tax

  • Grocery, healthcare, and utility costs are on par with or slightly below U.S. averages

  • Home prices are elevated, but still well below those in cities like San Francisco or Manhattan



Cost of Living Comparison: University Park vs. Other Luxury Markets

Category

University Park, TX

Palo Alto, CA

Greenwich, CT

Scottsdale, AZ

Median Luxury Home Price

$2.3M

$4.5M

$4.1M

$2.1M

State Income Tax

0%

13.3%

6.99%

2.5%

Property Tax Rate

~2.21%

~0.76%

~1.75%

~0.62%

Avg. Private School Tuition

$25K/year

$35K/year

$40K/year

$22K/year

Avg. Grocery Cost Index

98

134

121

100



What You Get in University Park

  • Larger lots and homes than most coastal markets

  • Proximity to elite public schools (HPISD) that reduce the need for private tuition

  • Walkability to shops, parks, and cultural institutions

  • Lower cost of luxury services (home maintenance, landscaping, etc.)



“Relocating to University Park allows luxury buyers to maintain their standard of living—while reducing their overall tax burden and increasing the size and quality of their home.”



Families moving from high-cost markets often find they can upsize, invest, and still come out ahead financially when relocating to University Park.



Let Nitin Gupta, CRS, GRI, REALTOR, help you understand how your financial picture changes when moving to Texas—and how to make the most of your luxury investment.



Explore Nitin’s background in luxury relocation and financial insight: https://www.nitinguptadfw.com/dallas-realtor-designations



Begin your cost-of-living consultation today: https://www.nitinguptadfw.com/contact




FIND A LUXURY HOME IN UNIVERSITY PARK, TEXAS WITH NITIN GUPTA, BROKER ASSOCIATE, REALTOR®.


When purchasing a luxury home in University Park, Texas, it’s essential to consider factors such as location, architectural style, security, and amenities to ensure the home meets both lifestyle and investment needs. By selecting a property in a prestigious neighborhood with numerous amenities and security measures, buyers can ensure they’re making a valuable and rewarding investment in the vibrant University Park market.


For those looking to invest in luxury homes in University Park, Texas, Nitin Gupta is an expert real estate professional ready to assist. Known for his extensive experience, market insights, and numerous awards, he is committed to finding his clients the best properties in the area.


Contact Nitin Gupta at 469-269-6541 or send a message today to explore exclusive listings and secure your ideal luxury residence in one of University Park’s elite communities.




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