Gilmer 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.
IndexGilmerTexasNational
Cost of living index8490100
IndexGilmerTexasNational
Goods & Services index9494100
Groceries index9389100
Health care index8895100
Housing index5681100
Transportation index9593100
Utilities index11195100
Displayed above is a general overview of the Gilmer, TX cost of living index. The overall cost of living index in Gilmer, TX is 84, which is 6% lower than the Texas average and 16% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Gilmer, TX are equal to the Texas average and 6% lower than the national average.

Did you know?

  • The cost of living in Gilmer is 6% lower than the Texas average.
  • The cost of living in Gilmer is 16% lower than the national average.
  • The cost of housing in Gilmer is 44% 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 Gilmer, 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
The salary calculator is used in order to provide a comparison of your current salary in Gilmer, TX to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Gilmer, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Gilmer, TX salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$53,750$4,479$1,254$1,613
Renters$22,321$1,860$521$670
If you want to find a good determining factor for the cost of living and the general affordability of housing in Gilmer, TX, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Gilmer, TX, the median monthly income is $53,750 for those who own their own homes. Under the standard rule, that income level would allow for $1,254 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $22,321, per the median income in the area. That would allow for renters to spend up to $521 on monthly rental expenses.

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 Gilmer, 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

ItemGilmerNational avg.Difference
Haircut $14.92$15.564.2%
Beauty Salon $43.52$36.1120.5%
Toothpaste $1.96$2.4720.7%
Shampoo $0.89$0.967.8%
Movie $9.28$10.138.4%
Bowling $4.00$4.7415.5%

Groceries

ItemGilmerNational avg.Difference
Ground Beef $4.66$3.9816.9%
Fried Chicken $1.01$1.4128.5%
Milk $1.41$2.0631.5%
Potatoes $3.43$2.9815.0%
Pizza $8.49$9.4710.4%
Beer $8.80$8.790.1%

Health Care

ItemGilmerNational avg.Difference
Optometrist $87.33$101.0413.6%
Doctor $76.27$107.4429.0%
Dentist $80.73$90.4210.7%
Ibuprofen $8.74$9.285.8%
Lipitor $433.97$426.501.8%

Housing

ItemGilmerNational avg.Difference
Home Price $84,700.00$175,700.0051.8%
Avg. Mortgage Payment $894.46$1,133.2321.1%
Apartment Rent $691.00$920.0024.9%

Transportation

ItemGilmerNational avg.Difference
Gasoline $1.82$1.998.6%
Tire Balancing $47.12$45.763.0%

Utilities

ItemGilmerNational avg.Difference
All Electricity$168.25$163.812.7%
Phone $35.01$28.3923.3%
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.
Lone Star, TX1,43982-18%
Ore City, TX91483-17%
Big Sandy, TX1,86384-16%
Clarksville City, TX82085-15%
Union Grove, TX33286-14%
Gilmer, TX5,03184-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Allegan, MI5,03078-22%
Delhi Hills, OH5,03296-4%
Port Isabel, TX5,03379-21%
Fruitland, MD5,02899-1%
Sparta, TN5,03685-15%
Gilmer, TX5,03184-16%
Source: The Gilmer, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.