Abilene cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAbileneTexasNational
Cost of living index8490100
IndexAbileneTexasNational
Goods & Services index9794100
Groceries index9189100
Health care index9795100
Housing index6381100
Transportation index9593100
Utilities index7595100
An overview of the general cost of living index for Abilene, TX is displayed above for your reference. Residents in Abilene, TX enjoy a cost of living index of 84. This index is 6% lower than the Texas average, and 16% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Abilene, TX, the average cost of goods and services is 3% higher than it is in Texas, and it is 3% lower than the national average.

Did you know?

  • The cost of living in Abilene is 6% lower than the Texas average.
  • The cost of living in Abilene is 16% lower than the national average.
  • The cost of housing in Abilene is 37% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Compare Abilene, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
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Using the salary calculator lets you compare the salary you earn in Abilene, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Abilene, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Abilene, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,213$4,684$1,312$1,687
Renters$29,520$2,460$689$886
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Abilene, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Abilene, TX has a median income of about $56,213 for people who own homes. Based on that number, a person should spend a maximum of $1,312 on expenses related to housing. Renters have a slightly different median income, which is $29,520. Based on this average, renters should spend no more than $689 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Abilene, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemAbileneNational avg.Difference
Haircut $15.26$15.562.0%
Beauty Salon $41.44$36.1114.8%
Toothpaste $2.47$2.470.3%
Shampoo $0.83$0.9614.4%
Movie $9.09$10.1310.3%
Bowling $3.28$4.7430.8%

Groceries

ItemAbileneNational avg.Difference
Ground Beef $4.45$3.9811.7%
Fried Chicken $1.23$1.4112.3%
Milk $1.78$2.0613.6%
Potatoes $2.47$2.9817.2%
Pizza $9.04$9.474.5%
Beer $8.79$8.790.0%

Health Care

ItemAbileneNational avg.Difference
Optometrist $124.17$101.0422.9%
Doctor $99.96$107.447.0%
Dentist $79.11$90.4212.5%
Ibuprofen $8.89$9.284.2%
Lipitor $476.05$426.5011.6%

Housing

ItemAbileneNational avg.Difference
Home Price $95,000.00$175,700.0045.9%
Avg. Mortgage Payment $1,021.99$1,133.239.8%
Apartment Rent $775.00$920.0015.8%

Transportation

ItemAbileneNational avg.Difference
Gasoline $1.86$1.996.9%
Tire Balancing $45.99$45.760.5%

Utilities

ItemAbileneNational avg.Difference
All Electricity$115.94$163.8129.2%
Phone $23.33$28.3917.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Impact, TX993-7%
Tye, TX1,16777-23%
Hawley, TX78079-21%
Buffalo Gap, TX37983-17%
Clyde, TX3,72384-16%
Abilene, TX120,77684-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Evansville, IN120,22083-17%
Surprise, AZ121,6481000%
Victorville, CA119,6031055%
Santa Clara, CA119,52518181%
Midland, TX119,40998-2%
Abilene, TX120,77684-16%
Source: The Abilene, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.