Eastland 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.
IndexEastlandTexasNational
Cost of living index8191100
IndexEastlandTexasNational
Goods & Services index10197100
Groceries index9290100
Health care index9496100
Housing index4781100
Transportation index9795100
Utilities index8194100
A general overview of the cost of living index for Eastland, TX is displayed above. In Eastland, TX, the overall cost of living index is 81, which is 11% lower than the Texas average and 19% 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 Eastland, TX, the city's goods and services are 4% higher than the Texas average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Eastland is 11% lower than the Texas average.
  • The cost of living in Eastland is 19% lower than the national average.
  • The cost of housing in Eastland 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 Eastland

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Eastland

Compare Eastland, 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 Eastland, 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 Eastland, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Eastland, 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$40,225$3,352$939$1,207
Renters$22,898$1,908$534$687
The affordability of the housing market in Eastland, 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 Eastland, TX homeowners, the median income is $40,225. This indicates that a monthly maximum of $939 should be spent by homeowners on all housing related costs. Renters have a median income of $22,898. This indicates that renters should have a maximum of $534 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%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Eastland, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemEastlandNational avg.Difference
Haircut $15.33$14.595.0%
Beauty Salon $41.33$34.6819.2%
Toothpaste $2.38$2.473.8%
Shampoo $0.89$1.0212.9%
Movie $8.75$9.8711.3%
Bowling $3.25$4.3926.0%

Groceries

ItemEastlandNational avg.Difference
Ground Beef $4.65$4.483.9%
Fried Chicken $1.32$1.469.8%
Milk $2.31$2.362.0%
Potatoes $2.65$3.0613.4%
Pizza $10.99$9.2418.9%
Beer $8.74$8.631.2%

Health Care

ItemEastlandNational avg.Difference
Optometrist $138.67$99.7839.0%
Doctor $95.00$105.039.6%
Dentist $76.67$88.7013.6%
Ibuprofen $8.88$9.415.7%
Lipitor $289.02$298.503.2%

Housing

ItemEastlandNational avg.Difference
Home Price $71,200.00$175,700.0059.5%
Avg. Mortgage Payment $942.85$1,081.0312.8%
Apartment Rent $576.00$920.0037.4%

Transportation

ItemEastlandNational avg.Difference
Gasoline $1.90$2.099.0%
Tire Balancing $51.15$45.2913.0%

Utilities

ItemEastlandNational avg.Difference
All Electricity$131.95$170.8022.7%
Phone $24.16$28.2614.5%
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.
Gorman, TX85075-25%
Ranger, TX2,92178-22%
Cisco, TX3,84678-22%
Carbon, TX33379-21%
Eastland, TX3,91981-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tilton Northfield, NH3,91911111%
Linden, MI3,91990-10%
Gordon Heights, NY3,91813131%
Lewisburg, WV3,9171011%
East Flat Rock, NC3,91789-11%
Eastland, TX3,91981-19%
Source: The Eastland, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.