A+
15%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
46%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bellmead Texas National
Cost of living8592100
Goods & Services10096100
Groceries9396100
Health care9194100
Housing5483100
Transportation9192100
Utilities109104100

An Overview of Cost of Living in Bellmead, TX

Understanding the cost of living in Bellmead can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Bellmead cost of living index is 85, which is 15% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Bellmead stands out by reporting housing costs that are 46.1% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Bellmead can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.

Is Bellmead Affordable?

Is Bellmead affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Bellmead, the median home price is 58% lower than the national average and monthly rent prices are 18.3% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Bellmead boasting a median household income of $41,619, 24.8% lower than the national average.

What Factors can Influence the Cost of Living in Bellmead?

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Bellmead, the housing index comes in at 46.1% lower than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Bellmead, the utilities index is 9.2% higher than the national average.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Bellmead, the transportation index is 9% lower than the national average.

Where is the Data From?

The cost of living data in Bellmead displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Bellmead is 8% lower than the Texas average
  • The cost of living in Bellmead is 15% lower than the national average
  • Bellmead housing is 46% lower than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Bellmead

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Compare Bellmead, TX Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$48,476$4,040$1,131$1,454
      Renters$36,890$3,074$861$1,107
      A good indicator of the general affordability of housing in Bellmead, TX, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Bellmead, the median monthly income is $48,476 for those who own their own homes. Under the standard rule, that income level would allow for $1,131 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,890, per the median income in the area. That would allow for renters to spend up to $861 on monthly rental expenses.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Goods & Services

      Item Bellmead National avg. Difference
      Haircut $18.64$24.2623.2%
      Beauty Salon $40.42$45.5611.3%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.06$1.2817.2%
      Movie $9.61$12.1320.8%
      Bowling $18.50$18.002.8%

      Groceries

      Item Bellmead National avg. Difference
      Ground Beef $5.43$5.847.0%
      Fried Chicken $1.58$1.570.3%
      Milk $4.60$4.671.5%
      Potatoes $4.55$4.937.9%
      Pizza $12.51$12.093.5%
      Beer $10.32$10.410.9%

      Health Care

      Item Bellmead National avg. Difference
      Optometrist $106.87$125.6815.0%
      Doctor $106.77$135.7821.4%
      Dentist $108.56$113.294.2%
      Ibuprofen $10.16$10.654.6%
      Lipitor $491.03$468.604.8%

      Housing

      Item Bellmead National avg. Difference
      Home Price $77,600.00$184,700.0058.0%
      Avg. Mortgage Payment $1,893.18$2,346.6919.3%
      Apartment Rent $775.00$949.0018.3%

      Transportation

      Item Bellmead National avg. Difference
      Gasoline $3.10$3.4610.5%
      Tire Balancing $56.70$59.925.4%

      Utilities

      Item Bellmead National avg. Difference
      All Electricity $212.69$193.999.6%
      Phone $207.96$192.258.2%
      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 Population Cost of Living Index National Avg.
      Mount Calm, TX3388415.7%
      Beverly Hills, TX2,1828514.6%
      Gholson, TX1,1488812.2%
      Riesel, TX1,3498812.0%
      Lacy-Lakeview, TX6,6988811.7%
      Bellmead, TX10,7638515.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Crestwood, IL10,7621010.7%
      Burr Ridge, IL10,76116968.8%
      Little Ferry, NJ10,76113837.8%
      Essex Junction, VT10,76112323.2%
      Taylorville, IL10,7668217.6%
      Bellmead, TX10,7638515.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.