Carrollton 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.
IndexCarrolltonTexasNational
Cost of living index10691100
IndexCarrolltonTexasNational
Goods & Services index10297100
Groceries index10190100
Health care index10296100
Housing index10081100
Transportation index14795100
Utilities index10294100
A general overview of the cost of living index for Carrollton, TX is displayed above. In Carrollton, TX, the overall cost of living index is 106, which is 17% higher than the Texas average and 6% higher 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 Carrollton, TX, the city's goods and services are 5% higher than the Texas average and 2% higher than the U.S. average.

Did you know?

  • The cost of living in Carrollton is 17% higher than the Texas average.
  • The cost of living in Carrollton is 6% higher than the national average.
  • The cost of housing in Carrollton is equal to 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 Carrollton, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Carrollton, 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 Carrollton, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Carrollton, 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$91,452$7,621$2,134$2,744
Renters$47,728$3,977$1,114$1,432
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Carrollton, TX as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Carrollton, TX homeowners, is $91,452. This would allow for a maximum of $2,134 per month to be spent on housing costs. For renters, the median monthly income is $47,728 which would result in a maximum of $1,114 to be spent on rental costs.

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 Carrollton, 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

ItemCarrolltonNational avg.Difference
Haircut $16.49$14.5913.0%
Beauty Salon $35.45$34.682.2%
Toothpaste $2.34$2.475.4%
Shampoo $0.91$1.0211.0%
Movie $10.50$9.876.4%
Bowling $5.23$4.3919.1%

Groceries

ItemCarrolltonNational avg.Difference
Ground Beef $5.54$4.4823.8%
Fried Chicken $2.14$1.4646.2%
Milk $2.21$2.366.2%
Potatoes $2.84$3.067.2%
Pizza $9.99$9.248.1%
Beer $8.87$8.632.7%

Health Care

ItemCarrolltonNational avg.Difference
Optometrist $101.68$99.781.9%
Doctor $111.77$105.036.4%
Dentist $95.00$88.707.1%
Ibuprofen $8.98$9.414.6%
Lipitor $268.86$298.509.9%

Housing

ItemCarrolltonNational avg.Difference
Home Price $168,600.00$175,700.004.0%
Avg. Mortgage Payment $886.79$1,081.0318.0%
Apartment Rent $1,005.00$920.009.2%

Transportation

ItemCarrolltonNational avg.Difference
Gasoline $3.36$2.0960.5%
Tire Balancing $50.12$45.2910.7%

Utilities

ItemCarrolltonNational avg.Difference
All Electricity$187.58$170.809.8%
Phone $25.95$28.268.2%
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, StatePopulationCost of Living IndexNational Avg.
Horseshoe Bend, TX70379-21%
Dallas, TX1,240,98599-1%
Irving, TX224,8591000%
Lake Dallas, TX7,3061033%
Euless, TX52,649100-0%
Carrollton, TX124,5011066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Enterprise, NV124,56411313%
Thornton, CO124,7071066%
Roseville, CA124,25012929%
Concord, CA125,01714040%
Coral Springs, FL125,15011616%
Carrollton, TX124,5011066%
Source: The Carrollton, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.