Galveston 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.
IndexGalvestonTexasNational
Cost of living index9290100
IndexGalvestonTexasNational
Goods & Services index10094100
Groceries index8789100
Health care index9195100
Housing index8281100
Transportation index9493100
Utilities index10795100
A general overview of the cost of living index for Galveston, TX is displayed above. In Galveston, TX, the overall cost of living index is 92, which is 3% higher than the Texas average and 8% 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 Galveston, TX, the city's goods and services are 6% higher than the Texas average and equal to the U.S. average.

Did you know?

  • The cost of living in Galveston is 3% higher than the Texas average.
  • The cost of living in Galveston is 8% lower than the national average.
  • The cost of housing in Galveston is 18% 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 Galveston, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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The salary calculator allows you to compare how much your current salary in Galveston, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Galveston, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Galveston, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,787$4,982$1,395$1,794
Renters$27,010$2,251$630$810
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Galveston, 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 Galveston, TX homeowners, is $59,787. This would allow for a maximum of $1,395 per month to be spent on housing costs. For renters, the median monthly income is $27,010 which would result in a maximum of $630 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%
One thing to keep in mind when considering the cost of living in Galveston, 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

ItemGalvestonNational avg.Difference
Haircut $17.43$15.5612.0%
Beauty Salon $50.63$36.1140.2%
Toothpaste $2.13$2.4713.7%
Shampoo $0.85$0.9612.3%
Movie $10.90$10.137.6%
Bowling $5.77$4.7421.9%

Groceries

ItemGalvestonNational avg.Difference
Ground Beef $4.19$3.985.1%
Fried Chicken $1.02$1.4127.3%
Milk $1.68$2.0618.6%
Potatoes $2.55$2.9814.6%
Pizza $7.59$9.4719.9%
Beer $8.88$8.791.0%

Health Care

ItemGalvestonNational avg.Difference
Optometrist $92.07$101.048.9%
Doctor $78.44$107.4427.0%
Dentist $87.60$90.423.1%
Ibuprofen $8.35$9.2810.0%
Lipitor $436.97$426.502.5%

Housing

ItemGalvestonNational avg.Difference
Home Price $136,700.00$175,700.0022.2%
Avg. Mortgage Payment $1,024.25$1,133.239.6%
Apartment Rent $830.00$920.009.8%

Transportation

ItemGalvestonNational avg.Difference
Gasoline $1.83$1.998.1%
Tire Balancing $45.76$45.760.0%

Utilities

ItemGalvestonNational avg.Difference
All Electricity$150.98$163.817.8%
Phone $36.01$28.3926.8%
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.
Bacliff, TX8,60685-15%
Hitchcock, TX7,20686-14%
La Marque, TX14,98186-14%
Texas City, TX45,80287-13%
San Leon, TX5,25589-11%
Galveston, TX48,51392-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Roswell, NM48,56888-12%
Covina, CA48,42913535%
East Lansing, MI48,61196-4%
Grapevine, TX48,67111212%
Country Club, FL48,3491022%
Galveston, TX48,51392-8%
Source: The Galveston, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.