Gatesville 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.
IndexGatesvilleTexasNational
Cost of living index8090100
IndexGatesvilleTexasNational
Goods & Services index9094100
Groceries index7989100
Health care index9795100
Housing index5781100
Transportation index8993100
Utilities index10295100
Here we can see a simple outline of the cost of living in Gatesville, TX. As you can see, with the average cost of living in Gatesville, TX being 80, that puts it 11% lower than the average of Texas and 20% 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 Gatesville, TX, the price of goods and services are 5% lower than the average of Texas as well as 10% lower than the nation's average.

Did you know?

  • The cost of living in Gatesville is 11% lower than the Texas average.
  • The cost of living in Gatesville is 20% lower than the national average.
  • The cost of housing in Gatesville is 43% 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 Gatesville, TX Cost of living To Other Cities

Salary Calculator

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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 salary in Gatesville, 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 Gatesville, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Gatesville, 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$44,861$3,738$1,047$1,346
Renters$33,750$2,813$787$1,013
The affordability of the housing market in Gatesville, 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 Gatesville, TX homeowners, the median income is $44,861. This indicates that a monthly maximum of $1,047 should be spent by homeowners on all housing related costs. Renters have a median income of $33,750. This indicates that renters should have a maximum of $787 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%
When you are determining the total cost of living in Gatesville, 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

ItemGatesvilleNational 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

ItemGatesvilleNational 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

ItemGatesvilleNational 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

ItemGatesvilleNational avg.Difference
Home Price $85,100.00$175,700.0051.6%
Avg. Mortgage Payment $790.41$1,133.2330.3%
Apartment Rent $722.00$920.0021.5%

Transportation

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

Utilities

ItemGatesvilleNational 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.
Oglesby, TX47480-20%
South Mountain, TX42281-19%
Gatesville, TX15,94680-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Waukee, IA15,94497-3%
Grosse Pointe Woods, MI15,9431033%
Great Bend, KS15,94282-18%
Woodcrest, CA15,95113333%
Clarksburg, MD15,94114747%
Gatesville, TX15,94680-20%
Source: The Gatesville, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.