Farmers Branch 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.
IndexFarmers BranchTexasNational
Cost of living index10190100
IndexFarmers BranchTexasNational
Goods & Services index10794100
Groceries index10889100
Health care index10695100
Housing index9381100
Transportation index10293100
Utilities index9995100
A general summary of the cost of living index in Farmers Branch, TX is shown above. Compared to the state average of Texas the cost of living index in Farmers Branch, TX is 101, which is 13% higher than the average in Texas and compared to the national average it is 1% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Farmers Branch, TX goods and services come in at 13% higher than the average in Texas and are 7% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Farmers Branch is 13% higher than the Texas average.
  • The cost of living in Farmers Branch is 1% higher than the national average.
  • The cost of housing in Farmers Branch is 7% 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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Compare Farmers Branch, TX Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Farmers Branch, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Farmers Branch, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Farmers Branch, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,126$5,427$1,520$1,954
Renters$51,352$4,279$1,198$1,541
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Farmers Branch, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Farmers Branch, TX has a median income of about $65,126 for people who own homes. Based on that number, a person should spend a maximum of $1,520 on expenses related to housing. Renters have a slightly different median income, which is $51,352. Based on this average, renters should spend no more than $1,198 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When considering the overall cost of living expenses in Farmers Branch, TX, it's important to take into account the sales tax for Texas, as well as the rate for income tax in Texas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Texas is 8.25%, and the sales tax in the state of Texas is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Texas starts from 0% and goes up to 0%.

Goods & Services

ItemFarmers BranchNational avg.Difference
Haircut $22.16$15.5642.4%
Beauty Salon $43.11$36.1119.4%
Toothpaste $2.57$2.473.9%
Shampoo $1.05$0.969.2%
Movie $10.36$10.132.3%
Bowling $6.10$4.7428.9%

Groceries

ItemFarmers BranchNational avg.Difference
Ground Beef $3.90$3.982.1%
Fried Chicken $1.92$1.4136.5%
Milk $1.87$2.069.4%
Potatoes $3.66$2.9822.8%
Pizza $10.41$9.479.9%
Beer $9.48$8.797.8%

Health Care

ItemFarmers BranchNational avg.Difference
Optometrist $114.42$101.0413.2%
Doctor $107.11$107.440.3%
Dentist $97.63$90.428.0%
Ibuprofen $10.28$9.2810.8%
Lipitor $451.49$426.505.9%

Housing

ItemFarmers BranchNational avg.Difference
Home Price $144,700.00$175,700.0017.6%
Avg. Mortgage Payment $918.75$1,133.2318.9%
Apartment Rent $1,071.00$920.0016.4%

Transportation

ItemFarmers BranchNational avg.Difference
Gasoline $1.86$1.996.7%
Tire Balancing $54.96$45.7620.1%

Utilities

ItemFarmers BranchNational avg.Difference
All Electricity$162.75$163.810.6%
Phone $28.15$28.390.8%
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, TX70380-20%
Cockrell Hill, TX4,26792-8%
Garland, TX232,30597-3%
Grand Prairie, TX181,13597-3%
Arlington, TX375,30597-3%
Farmers Branch, TX30,2611011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Orcutt, CA30,26613232%
Banning, CA30,2811077%
Little Elm, TX30,21396-4%
Buenaventura Lakes, FL30,32491-9%
Oceanside, NY30,32916262%
Farmers Branch, TX30,2611011%
Source: The Farmers Branch, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.