Alvarado 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.
IndexAlvaradoTexasNational
Cost of living index9191100
IndexAlvaradoTexasNational
Goods & Services index11597100
Groceries index9090100
Health care index10296100
Housing index6081100
Transportation index9595100
Utilities index9794100
An overview of the general cost of living index for Alvarado, TX is displayed above for your reference. Residents in Alvarado, TX enjoy a cost of living index of 91. This index is equal to the Texas average, and 9% 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 Alvarado, TX, the average cost of goods and services is 18% higher than it is in Texas, and it is 15% higher than the national average.

Did you know?

  • The cost of living in Alvarado is equal to the Texas average.
  • The cost of living in Alvarado is 9% lower than the national average.
  • The cost of housing in Alvarado is 40% 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 Alvarado, TX Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Alvarado, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Alvarado, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Alvarado, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,313$4,193$1,174$1,510
Renters$36,102$3,009$842$1,083
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Alvarado, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Alvarado, TX homeowners have a median income of $50,313. Using that number, you will come up with a maximum of $1,174 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,102, which means there is a maximum of $842 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When you are determining the total cost of living in Alvarado, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

ItemAlvaradoNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $58.00$34.6867.2%
Toothpaste $2.02$2.4718.3%
Shampoo $1.22$1.0219.4%
Movie $9.96$9.870.9%
Bowling $5.25$4.3919.5%

Groceries

ItemAlvaradoNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.39$1.465.1%
Milk $2.00$2.3615.1%
Potatoes $3.22$3.065.2%
Pizza $8.55$9.247.5%
Beer $8.82$8.632.2%

Health Care

ItemAlvaradoNational avg.Difference
Optometrist $89.67$99.7810.1%
Doctor $106.00$105.030.9%
Dentist $95.67$88.707.9%
Ibuprofen $8.78$9.416.7%
Lipitor $305.36$298.502.3%

Housing

ItemAlvaradoNational avg.Difference
Home Price $85,600.00$175,700.0051.3%
Avg. Mortgage Payment $832.74$1,081.0323.0%
Apartment Rent $788.00$920.0014.3%

Transportation

ItemAlvaradoNational avg.Difference
Gasoline $1.94$2.097.2%
Tire Balancing $45.00$45.290.6%

Utilities

ItemAlvaradoNational avg.Difference
All Electricity$181.35$170.806.2%
Phone $24.00$28.2615.1%
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.
Venus, TX3,11090-10%
Maypearl, TX72993-7%
Grandview, TX1,46391-9%
Cleburne, TX29,76592-8%
Rio Vista, TX1,00692-8%
Alvarado, TX3,83291-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Centerville, MN3,8321077%
Sewickley, PA3,83211414%
Goshen, CA3,83295-5%
Dundee, FL3,83386-14%
Coquille, OR3,8311055%
Alvarado, TX3,83291-9%
Source: The Alvarado, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.