Deciding between renting and buying a home is a big decision, especially in a state where everything is bigger — like Texas. How your savings stack up against the rising cost of living can make the difference between living paycheck to paycheck and putting money away for a down payment.

One of the main advantages of renting is the lower upfront costs. Typically, renters are required to pay a security deposit, usually equivalent to one or two months’ rent, and possibly an administration fee. These upfront costs are relatively small compared to buying a home.

However, buying a home comes with significant upfront costs. Buyers must make a down payment that can range from 3% to 20% of the home’s purchase price. In addition, buyers must pay closing costs, home inspections, appraisals, and potential repairs.

Monthly rent payments are usually predictable and include living expenses and, in some cases, utilities such as water and garbage collection. Over time, rental prices can often increase annually depending on market conditions and lease terms.

Monthly mortgage payments are generally more stable for homeowners and can include principal, interest, property taxes and homeowner’s insurance, although they can also fluctuate due to changes in property taxes and insurance premiums.

GOBankingRates recently completed a study to determine the cost difference between renting and buying based on factors like median household income and average home value, mortgage payments, or rental costs. Here are the key findings from these 13 Texas cities.