Median rent is 21% lower in Midland ($1,407/mo vs $1,779/mo). Buying is cheaper in Midland, where the median home runs $298,600 versus $751,700. Households earn more in Midland ($91,169 vs $79,713 a year). Taken together, Midland is the more affordable choice with a cost index of 102.9 against 113.0 — about 9% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Midland, TX.
Quick verdict
Midland is 9% cheaper overall
Cost index: 102.9 in Midland vs 113.0 in New York (US average = 100)
City A
Midland, TX
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Midland, TX?
Equivalent salary in New York, NY
$82,326
You'd need $7,326 more (10% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Midland
Texas
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Midland — median rent of $1,407/mo versus $1,779/mo in New York, a 21% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $298,600 in Midland — 60% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while New York tops out at 10.90% — giving Midland a clear advantage for high earners. Sales tax is 6.25% in Texas and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Midland
Income tax: None
Sales tax: 6.25%
New York
Income tax: 10.90%
Sales tax: 4.00%
Air quality data is available for New York (avg AQI 61.0) but not yet for Midland.
Pick Midland if you prioritize lower overall cost of living (index 102.9 vs 113.0).
Pick Midland if you prioritize higher median household income ($91,169/yr).
Pick Midland if you prioritize cheaper rent ($1,407/mo median).
Pick Midland if you prioritize no state income tax.
Is Midland cheaper than New York?
Midland is cheaper overall, with a cost of living index of 102.9 versus 113.0 (US average = 100). That means prices run about 9% lower in Midland.
How much is rent in Midland vs New York?
Median rent is $1,407/mo in Midland, TX and $1,779/mo in New York, NY. Midland, TX has the lower rent by about 21%.
Which has higher salaries — Midland or New York?
Median household income is $91,169 in Midland, TX and $79,713 in New York, NY. Midland, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Midland or New York?
Texas has no state income tax. New York has a top rate of 10.90%.
What salary do I need in New York to match my Midland income?
To maintain the same purchasing power, a salary of $100,000 in Midland, TX is equivalent to roughly $109,768 in New York, NY (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology