Ballinger 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.
IndexBallingerTexasNational
Cost of living index8091100
IndexBallingerTexasNational
Goods & Services index10197100
Groceries index9290100
Health care index9496100
Housing index4681100
Transportation index9795100
Utilities index8194100
An overview of the general cost of living index for Ballinger, TX is displayed above for your reference. Residents in Ballinger, TX enjoy a cost of living index of 80. This index is 11% lower than the Texas average, and 20% 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 Ballinger, TX, the average cost of goods and services is 4% higher than it is in Texas, and it is 1% higher than the national average.

Did you know?

  • The cost of living in Ballinger is 11% lower than the Texas average.
  • The cost of living in Ballinger is 20% lower than the national average.
  • The cost of housing in Ballinger is 54% 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 Ballinger, 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Ballinger, 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 Ballinger, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Ballinger, 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$34,427$2,869$803$1,033
Renters$23,594$1,966$550$708
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Ballinger, 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 Ballinger, TX homeowners have a median income of $34,427. Using that number, you will come up with a maximum of $803 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,594, which means there is a maximum of $550 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 assessing the complete cost of living in Ballinger, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

Goods & Services

ItemBallingerNational avg.Difference
Haircut $15.33$14.595.0%
Beauty Salon $41.33$34.6819.2%
Toothpaste $2.38$2.473.8%
Shampoo $0.89$1.0212.9%
Movie $8.75$9.8711.3%
Bowling $3.25$4.3926.0%

Groceries

ItemBallingerNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $1.32$1.469.8%
Milk $2.31$2.362.0%
Potatoes $2.65$3.0613.4%
Pizza $10.99$9.2418.9%
Beer $8.74$8.631.2%

Health Care

ItemBallingerNational avg.Difference
Optometrist $138.67$99.7839.0%
Doctor $95.00$105.039.6%
Dentist $76.67$88.7013.6%
Ibuprofen $8.88$9.415.7%
Lipitor $289.02$298.503.2%

Housing

ItemBallingerNational avg.Difference
Home Price $65,100.00$175,700.0062.9%
Avg. Mortgage Payment $942.85$1,081.0312.8%
Apartment Rent $611.00$920.0033.6%

Transportation

ItemBallingerNational avg.Difference
Gasoline $1.90$2.099.0%
Tire Balancing $51.15$45.2913.0%

Utilities

ItemBallingerNational avg.Difference
All Electricity$131.95$170.8022.7%
Phone $24.16$28.2614.5%
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.
Winters, TX2,53277-23%
Miles, TX1,09080-20%
Ballinger, TX3,74480-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hudson, NC3,74495-5%
Mineral Ridge, OH3,74479-21%
Rayville, LA3,74578-22%
Nome, AK3,74513838%
Sweeny, TX3,74382-18%
Ballinger, TX3,74480-20%
Source: The Ballinger, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.