Caldwell 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.
Cost of living index8291100
Goods & Services index9397100
Groceries index8390100
Health care index10196100
Housing index5681100
Transportation index9695100
Utilities index9694100
A general overview of the cost of living index for Caldwell, TX is displayed above. In Caldwell, TX, the overall cost of living index is 82, which is 10% lower than the Texas average and 18% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Caldwell, TX, the city's goods and services are 4% lower than the Texas average and 7% lower than the U.S. average.

Did you know?

  • The cost of living in Caldwell is 10% lower than the Texas average.
  • The cost of living in Caldwell is 18% lower than the national average.
  • The cost of housing in Caldwell is 44% 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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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
The salary calculator allows you to compare how much your current salary in Caldwell, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Caldwell, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Caldwell, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Caldwell, 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 Caldwell, TX homeowners have a median income of $53,393. Using that number, you will come up with a maximum of $1,246 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,654, which means there is a maximum of $552 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Caldwell, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemCaldwellNational avg.Difference
Haircut $12.86$14.5911.9%
Beauty Salon $39.83$34.6814.9%
Toothpaste $2.22$2.4710.2%
Shampoo $0.75$1.0226.6%
Movie $8.13$9.8717.6%
Bowling $6.00$4.3936.6%


ItemCaldwellNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.18$1.4619.4%
Milk $2.21$2.366.2%
Potatoes $2.33$3.0623.9%
Pizza $8.99$9.242.7%
Beer $8.38$8.632.9%

Health Care

ItemCaldwellNational avg.Difference
Optometrist $96.50$99.783.3%
Doctor $123.50$105.0317.6%
Dentist $80.74$88.709.0%
Ibuprofen $7.98$9.4115.2%
Lipitor $314.06$298.505.2%


ItemCaldwellNational avg.Difference
Home Price $80,400.00$175,700.0054.2%
Avg. Mortgage Payment $739.26$1,081.0331.6%
Apartment Rent $747.00$920.0018.8%


ItemCaldwellNational avg.Difference
Gasoline $1.85$2.0911.3%
Tire Balancing $52.49$45.2915.9%


ItemCaldwellNational avg.Difference
All Electricity$151.85$170.8011.1%
Phone $29.99$28.266.1%
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.
Milano, TX48977-23%
Somerville, TX1,43079-21%
Lake Bryan, TX2,21181-19%
Snook, TX47482-18%
Caldwell, TX4,17982-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Dyersville, IA4,17894-6%
Cottonwood, CA4,17811616%
Lower Grand Lagoon, FL4,18193-7%
Dillon, MT4,18192-8%
Blanchester, OH4,18284-16%
Caldwell, TX4,17982-18%
Source: The Caldwell, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.