Fort Hood 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.
IndexFort HoodTexasNational
Cost of living index7990100
IndexFort HoodTexasNational
Goods & Services index9094100
Groceries index7989100
Health care index9795100
Housing index5481100
Transportation index8993100
Utilities index10295100
A general overview of the cost of living index for Fort Hood, TX is displayed above. In Fort Hood, TX, the overall cost of living index is 79, which is 12% lower than the Texas average and 21% 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 Fort Hood, TX, the city's goods and services are 5% lower than the Texas average and 10% lower than the U.S. average.

Did you know?

  • The cost of living in Fort Hood is 12% lower than the Texas average.
  • The cost of living in Fort Hood is 21% lower than the national average.
  • The cost of housing in Fort Hood is 46% 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 Fort Hood, 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Fort Hood, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Fort Hood, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Fort Hood, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$2,499$208$58$75
Renters$42,680$3,557$996$1,281
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Hood, 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 Fort Hood, TX homeowners, is $2,499. This would allow for a maximum of $58 per month to be spent on housing costs. For renters, the median monthly income is $42,680 which would result in a maximum of $996 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%
For those who live in Fort Hood, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemFort HoodNational avg.Difference
Haircut $13.48$15.5613.4%
Beauty Salon $37.05$36.112.6%
Toothpaste $1.85$2.4725.2%
Shampoo $0.75$0.9622.3%
Movie $8.44$10.1316.6%
Bowling $5.25$4.7410.8%

Groceries

ItemFort HoodNational avg.Difference
Ground Beef $3.17$3.9820.4%
Fried Chicken $0.95$1.4132.7%
Milk $1.58$2.0623.3%
Potatoes $1.63$2.9845.2%
Pizza $8.99$9.475.1%
Beer $8.79$8.790.0%

Health Care

ItemFort HoodNational avg.Difference
Optometrist $87.96$101.0413.0%
Doctor $123.50$107.4414.9%
Dentist $77.93$90.4213.8%
Ibuprofen $7.97$9.2814.1%
Lipitor $434.92$426.502.0%

Housing

ItemFort HoodNational avg.Difference
Home Price $40,900.00$175,700.0076.7%
Avg. Mortgage Payment $790.41$1,133.2330.3%
Apartment Rent $1,147.00$920.0024.7%

Transportation

ItemFort HoodNational avg.Difference
Gasoline $1.72$1.9913.8%
Tire Balancing $43.91$45.764.0%

Utilities

ItemFort HoodNational avg.Difference
All Electricity$180.85$163.8110.4%
Phone $26.00$28.398.4%
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.
Kempner, TX1,13381-19%
Copperas Cove, TX33,02384-16%
Killeen, TX134,03085-15%
Nolanville, TX4,42987-13%
Harker Heights, TX27,75791-9%
Fort Hood, TX32,17779-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lewiston, ID32,17897-3%
Tooele, UT32,16494-6%
Four Corners, FL32,15494-6%
Juneau, AK32,20013636%
Benton, AR32,20892-8%
Fort Hood, TX32,17779-21%
Source: The Fort Hood, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.