Granbury 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.
IndexGranburyTexasNational
Cost of living index10190100
IndexGranburyTexasNational
Goods & Services index11394100
Groceries index9289100
Health care index9895100
Housing index9381100
Transportation index10393100
Utilities index9895100
Displayed above is a general overview of the Granbury, TX cost of living index. The overall cost of living index in Granbury, TX is 101, which is 13% higher than the Texas average and 1% higher 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 Granbury, TX are 20% higher than the Texas average and 13% higher than the national average.

Did you know?

  • The cost of living in Granbury is 13% higher than the Texas average.
  • The cost of living in Granbury is 1% higher than the national average.
  • The cost of housing in Granbury 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 Granbury, 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 Granbury, 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 Granbury, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Granbury, 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$58,359$4,863$1,362$1,751
Renters$33,045$2,754$771$991
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Granbury, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Granbury, TX homeowners have a median income of $58,359. Using that number, you will come up with a maximum of $1,362 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $33,045, which means there is a maximum of $771 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When assessing the complete cost of living in Granbury, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

Goods & Services

ItemGranburyNational avg.Difference
Haircut $20.20$15.5629.8%
Beauty Salon $53.87$36.1149.2%
Toothpaste $2.28$2.477.8%
Shampoo $0.85$0.9611.9%
Movie $10.48$10.133.5%
Bowling $9.19$4.7494.0%

Groceries

ItemGranburyNational avg.Difference
Ground Beef $3.53$3.9811.3%
Fried Chicken $1.15$1.4118.0%
Milk $1.66$2.0619.4%
Potatoes $2.79$2.986.6%
Pizza $9.15$9.473.4%
Beer $9.17$8.794.2%

Health Care

ItemGranburyNational avg.Difference
Optometrist $81.35$101.0419.5%
Doctor $102.94$107.444.2%
Dentist $89.92$90.420.6%
Ibuprofen $8.36$9.289.9%
Lipitor $450.98$426.505.7%

Housing

ItemGranburyNational avg.Difference
Home Price $159,800.00$175,700.009.0%
Avg. Mortgage Payment $895.60$1,133.2321.0%
Apartment Rent $900.00$920.002.2%

Transportation

ItemGranburyNational avg.Difference
Gasoline $1.93$1.993.1%
Tire Balancing $54.04$45.7618.1%

Utilities

ItemGranburyNational avg.Difference
All Electricity$167.30$163.812.1%
Phone $26.67$28.396.0%
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.
Canyon Creek, TX1,26982-18%
Western Lake, TX1,26085-15%
Oak Trail Shores, TX3,06486-14%
Lipan, TX50190-10%
Cresson, TX73394-6%
Granbury, TX8,4961011%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Congers, NY8,49614646%
Chester, IL8,49585-15%
Florence, OR8,4981088%
Monroe, NY8,49312626%
Wagoner, OK8,49985-15%
Granbury, TX8,4961011%
Source: The Granbury, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.