Coppell 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.
IndexCoppellTexasNational
Cost of living index12191100
IndexCoppellTexasNational
Goods & Services index11497100
Groceries index10790100
Health care index10496100
Housing index15581100
Transportation index9095100
Utilities index10494100
An overview of the general cost of living index for Coppell, TX is displayed above for your reference. Residents in Coppell, TX enjoy a cost of living index of 121. This index is 34% higher than the Texas average, and 21% higher 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 Coppell, TX, the average cost of goods and services is 17% higher than it is in Texas, and it is 14% higher than the national average.

Did you know?

  • The cost of living in Coppell is 34% higher than the Texas average.
  • The cost of living in Coppell is 21% higher than the national average.
  • The cost of housing in Coppell is 55% higher 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 Coppell, 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
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Using the salary calculator lets you compare the salary you earn in Coppell, 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 Coppell, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Coppell, 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$134,990$11,249$3,150$4,050
Renters$62,349$5,196$1,455$1,871
The affordability of the housing market in Coppell, TX as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Coppell, TX homeowners, the median income is $134,990. This indicates that a monthly maximum of $3,150 should be spent by homeowners on all housing related costs. Renters have a median income of $62,349. This indicates that renters should have a maximum of $1,455 used for their rent related monthly costs.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
One thing to keep in mind when considering the cost of living in Coppell, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemCoppellNational avg.Difference
Haircut $21.33$14.5946.2%
Beauty Salon $41.25$34.6818.9%
Toothpaste $3.28$2.4732.6%
Shampoo $1.57$1.0253.6%
Movie $10.65$9.877.9%
Bowling $5.51$4.3925.5%

Groceries

ItemCoppellNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.47$1.460.4%
Milk $1.99$2.3615.6%
Potatoes $2.95$3.063.6%
Pizza $10.19$9.2410.2%
Beer $9.74$8.6312.8%

Health Care

ItemCoppellNational avg.Difference
Optometrist $112.00$99.7812.2%
Doctor $101.25$105.033.6%
Dentist $96.00$88.708.2%
Ibuprofen $10.95$9.4116.3%
Lipitor $303.46$298.501.7%

Housing

ItemCoppellNational avg.Difference
Home Price $291,700.00$175,700.0066.0%
Avg. Mortgage Payment $723.28$1,081.0333.1%
Apartment Rent $1,183.00$920.0028.6%

Transportation

ItemCoppellNational avg.Difference
Gasoline $1.80$2.0913.9%
Tire Balancing $45.12$45.290.4%

Utilities

ItemCoppellNational avg.Difference
All Electricity$181.49$170.806.3%
Phone $28.15$28.260.4%
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%
Richland Hills, TX7,93394-6%
Grand Prairie, TX181,13599-1%
Dallas, TX1,240,98599-1%
Hurst, TX38,14098-2%
Coppell, TX40,02112121%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cedar Falls, IA40,00994-6%
Holyoke, MA40,07911414%
Rockwall, TX39,94811010%
Linton Hall, VA39,94413434%
Hickory, NC40,10895-5%
Coppell, TX40,02112121%
Source: The Coppell, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.