Cost Of Living In Hitchcock, TX

Hitchcock 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.
Index	Hitchcock	Texas	National
Cost of living index	86	90	100
Index	Hitchcock	Texas	National
Goods & Services index	100	94	100
Groceries index	87	89	100
Health care index	91	95	100
Housing index	60	81	100
Transportation index	94	93	100
Utilities index	107	95	100

Displayed above is a general overview of the Hitchcock, TX cost of living index. The overall cost of living index in Hitchcock, TX is 86, which is 4% lower than the Texas average and 14% 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 Hitchcock, TX are 6% higher than the Texas average and equal to the national average.

Did you know?

The cost of living in Hitchcock is 4% lower than the Texas average.
The cost of living in Hitchcock is 14% lower than the national average.
The cost of housing in Hitchcock is 40% 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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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

The salary calculator is used in order to provide a comparison of your current salary in Hitchcock, 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 Hitchcock, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hitchcock, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$52,594	$4,383	$1,227	$1,578
Renters	$25,541	$2,128	$596	$766

If you want to find a good determining factor for the cost of living and the general affordability of housing in Hitchcock, 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 Hitchcock, TX, the median monthly income is $52,594 for those who own their own homes. Under the standard rule, that income level would allow for $1,227 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $25,541, per the median income in the area. That would allow for renters to spend up to $596 on monthly rental expenses.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

When assessing the complete cost of living in Hitchcock, 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

Item	Hitchcock	National avg.	Difference
Haircut	$17.43	$15.56	12.0%
Beauty Salon	$50.63	$36.11	40.2%
Toothpaste	$2.13	$2.47	13.7%
Shampoo	$0.85	$0.96	12.3%
Movie	$10.90	$10.13	7.6%
Bowling	$5.77	$4.74	21.9%

Groceries

Item	Hitchcock	National avg.	Difference
Ground Beef	$4.19	$3.98	5.1%
Fried Chicken	$1.02	$1.41	27.3%
Milk	$1.68	$2.06	18.6%
Potatoes	$2.55	$2.98	14.6%
Pizza	$7.59	$9.47	19.9%
Beer	$8.88	$8.79	1.0%

Health Care

Item	Hitchcock	National avg.	Difference
Optometrist	$92.07	$101.04	8.9%
Doctor	$78.44	$107.44	27.0%
Dentist	$87.60	$90.42	3.1%
Ibuprofen	$8.35	$9.28	10.0%
Lipitor	$436.97	$426.50	2.5%

Housing

Item	Hitchcock	National avg.	Difference
Home Price	$83,900.00	$175,700.00	52.2%
Avg. Mortgage Payment	$1,024.25	$1,133.23	9.6%
Apartment Rent	$803.00	$920.00	12.7%

Transportation

Item	Hitchcock	National avg.	Difference
Gasoline	$1.83	$1.99	8.1%
Tire Balancing	$45.76	$45.76	0.0%

Utilities

Item	Hitchcock	National avg.	Difference
All Electricity	$150.98	$163.81	7.8%
Phone	$36.01	$28.39	26.8%

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, State	Population	Cost of Living Index	National Avg.
Bacliff, TX	8,606	85	-15%
La Marque, TX	14,981	86	-14%
Texas City, TX	45,802	87	-13%
Alvin, TX	24,938	88	-12%
San Leon, TX	5,255	89	-11%
Hitchcock, TX	7,206	86	-14%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Inverness, FL	7,205	88	-12%
Monahans, TX	7,204	81	-19%
Stratmoor, CO	7,209	90	-10%
Keyport, NJ	7,213	118	18%
Navasota, TX	7,215	86	-14%
Hitchcock, TX	7,206	86	-14%

Source: The Hitchcock, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Hitchcock, TX Cost of Living