Denver City 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.
IndexDenver CityTexasNational
Cost of living index7891100
IndexDenver CityTexasNational
Goods & Services index9497100
Groceries index9190100
Health care index10196100
Housing index4781100
Transportation index8895100
Utilities index8194100
Here we can see a simple outline of the cost of living in Denver City, TX. As you can see, with the average cost of living in Denver City, TX being 78, that puts it 14% lower than the average of Texas and 22% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Denver City, TX, the price of goods and services are 4% lower than the average of Texas as well as 7% lower than the nation's average.

Did you know?

  • The cost of living in Denver City is 14% lower than the Texas average.
  • The cost of living in Denver City is 22% lower than the national average.
  • The cost of housing in Denver City is 53% 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.

Find Real Estate Listings In Denver City

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Denver City

Compare Denver City, 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
Use the salary calculator to compare your current income in Denver City, TX to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Denver City, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Denver City, TX salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,694$4,225$1,183$1,521
Renters$27,288$2,274$637$819
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Denver City, 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 Denver City, TX homeowners, is $50,694. This would allow for a maximum of $1,183 per month to be spent on housing costs. For renters, the median monthly income is $27,288 which would result in a maximum of $637 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 Denver City, 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

ItemDenver CityNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $42.00$34.6821.1%
Toothpaste $1.82$2.4726.4%
Shampoo $0.89$1.0212.9%
Movie $9.00$9.878.8%
Bowling $4.31$4.391.9%

Groceries

ItemDenver CityNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.27$1.4613.3%
Milk $2.73$2.3615.8%
Potatoes $3.36$3.069.8%
Pizza $8.00$9.2413.4%
Beer $8.93$8.633.4%

Health Care

ItemDenver CityNational avg.Difference
Optometrist $107.00$99.787.2%
Doctor $111.63$105.036.3%
Dentist $82.36$88.707.1%
Ibuprofen $8.88$9.415.7%
Lipitor $317.18$298.506.3%

Housing

ItemDenver CityNational avg.Difference
Home Price $66,900.00$175,700.0061.9%
Avg. Mortgage Payment $871.14$1,081.0319.4%
Apartment Rent $633.00$920.0031.2%

Transportation

ItemDenver CityNational avg.Difference
Gasoline $1.79$2.0914.5%
Tire Balancing $43.38$45.294.2%

Utilities

ItemDenver CityNational avg.Difference
All Electricity$130.05$170.8023.9%
Phone $25.00$28.2611.5%
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.
Denver City, TX4,57778-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Breese, IL4,57794-6%
Harbison Canyon, CA4,57713838%
Philomath, OR4,57711010%
Littleton, NH4,5761033%
Glen Head, NY4,57517373%
Denver City, TX4,57778-22%
Source: The Denver City, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.