Feeling the pain

Houston saddled with 10th highest inflation rate in U.S., says new study

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Paying bills is more and more taxing.

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By now everyone has heard plenty about the nine-letter word that’s on everybody’s mind these days — inflation. This reflects a rise in prices, for everything from gas and groceries and cars to health care, coupled with a decline in buying power.

In August, the U.S. inflation rate stood at 8.3 percent, according to the U.S. Bureau of Labor Statistics. That’s down from a four-decade high of 9.1 percent in June. For Houston consumers, though inflation remains above the U.S. rate. And it turns out, Houston is saddled with one of the highest inflation rates among major U.S. metro areas.

Houston’s inflation rate jumped 9.5 percent from August 2021 to this August, according to a new study from personal finance website WalletHub. That means prices for a host of goods and services climbed 9.5 percent from August 2021 to this August.

By the numbers, our near-term inflation rate inched up by 0.10 percent, per WalletHub.

Taking into account the short-term and long-term spikes in Greater Houston’s inflation rate, the region ranked 10th on WalletHub’s list of the metro areas where inflation is increasing the most. In all, 23 major metro areas appear in the ranking.

The Phoenix area ranks first. Its inflation rate in August reached 13 percent, the highest rate of any metro area in the WalletHub study. The short-term change in the inflation rate was 0.80 percent.

The only other Texas metro on the list is Dallas-Fort Worth, which sits at No. 5. In the DFW metro area, the inflation rate jumped 9.4 percent from August 2021 to August 2022. Residents in DFW have seen the inflation rate grow 1 percent in August compared with the previous two months.

WalletHub points out that several factors are pushing up the inflation rate, including the lingering COVID-19 pandemic, the Ukrainian war, and labor shortages.

“The government is hoping to continue to rein in inflation with additional aggressive interest rate hikes this year, but exactly how much of an effect that will have remains to be seen,” WalletHub notes.

John Harvey, a professor of economics at Texas Christian University in Fort Worth, tells WalletHub that he believes hiking interest rates is a bad approach to easing inflation.

“There is no logical reason that lowering the overall level of economic activity (the goal of the higher interest rates) actually helps in situations like this. Furthermore, the only kind of inflation it could possibly address is the good kind,” Harvey says.

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safe suburbs

Houston neighbor shines on new 2025 list of safest American cities

Photo courtesy of Visit Pearland

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New Year's resolutions can come in many forms, and if relocating to a safe Houston-area suburb is high on the list for 2025, Pearland is the place to be.

Pearland was declared the No. 13 safest city in America for 2025 in a new study by personal finance advisors MoneyGeek. The website's experts examined the most recent FBI crime statistics (from 2023) to determine the cost of crime in 292 U.S. cities with populations over 100,000 residents.

The estimated cost of crime in this Houston suburb – which the study calculated as the "societal cost of crime per resident" – was $471 in 2023.

Pearland's crime cost per capita is far lower the national crime cost, which was $2,178 per resident.

The report also analyzed the city's violent crime and property crime rates, and Pearland had the 11th lowest rate of violent crime in 2023 with only 106 crimes committed for every 100,000 residents.

The city didn't fare as well with its property crime rate; there were 1,669 property crimes committed in 2023 per 100,000 residents, which was the 68th lowest rate out of all 292 U.S. cities.

However, that's still a better rate than most places in the country. Pearland residents can be smug that they don't live in Oakland, California, which had the highest property crime rate in the nation with 10,117 crimes committed per 100,000 residents.

Finally, MoneyGeek determined each city's total cost of crime, which the study defines as the "economic losses attributed to crime and its cost to society (individuals, community and nationally) in millions."

In this metric, Pearland had the seventh-lowest total crime cost, which was less than $60 million in 2023.

While some of these statistics may seem scary, Tulane University associate professor of political science Geoffrey T. Dancy warns it is unwise to make assumptions about a city based solely on its crime rates.

"We live in an unequal society," said Dancy in the report. "One often overlooked indicator of that inequality is who gets to engage in the politics of safety. Those who are objectively safe often fear crime and act on it in the counterproductive policies they support. Those who are actually victimized by crime and terrorized by gun violence pay the price and are rarely heard."

Elsewhere in Texas, the Dallas suburb of Frisco nearly topped the list as the No. 2 safest city in America with a $287 crime cost per capita. Other safe Texas cities in the report include Plano (No. 18), Sugar Land (No. 20), McKinney (No. 22), Round Rock (No. 26), Grand Prairie (No. 42), and League City (No. 48).

The top 10 safest American cities for 2025 are:

No. 1 – Ramapo Town, New York
No. 2 – Frisco, Texas
No. 3 – Irvine, California
No. 4 – Fishers, Indiana
No. 5 – Lakewood Township, New Jersey
No. 6 – Cary, North Carolina
No. 7 – Pembroke Pines, Florida
No. 8 – Elk Grove, California
No. 9 – Surprise, Arizona
No. 10 – Sterling Heights, Michigan

For the purpose of the study, violent crime rates were determined based on the number of murders and non-negligent manslaughters, rapes, robberies and aggravated assaults per 100,000 residents; and property crimes were defined as the rates of burglary, larceny-theft and motor vehicle theft offenses per 100,000 residents.

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