Hondo 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.
IndexHondoTexasNational
Cost of living index8190100
IndexHondoTexasNational
Goods & Services index9494100
Groceries index8189100
Health care index9295100
Housing index6181100
Transportation index8893100
Utilities index8895100
A general overview of the cost of living index for Hondo, TX is displayed above. In Hondo, TX, the overall cost of living index is 81, which is 9% lower than the Texas average and 19% 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 Hondo, TX, the city's goods and services are 1% lower than the Texas average and 7% lower than the U.S. average.

Did you know?

  • The cost of living in Hondo is 9% lower than the Texas average.
  • The cost of living in Hondo is 19% lower than the national average.
  • The cost of housing in Hondo is 39% 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 Hondo, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Using the salary calculator lets you compare the salary you earn in Hondo, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Hondo, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Hondo, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,700$4,142$1,160$1,491
Renters$27,686$2,307$646$831
If you want to find a good determining factor for the cost of living and the general affordability of housing in Hondo, 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 Hondo, TX, the median monthly income is $49,700 for those who own their own homes. Under the standard rule, that income level would allow for $1,160 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,686, per the median income in the area. That would allow for renters to spend up to $646 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 Hondo, 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

ItemHondoNational avg.Difference
Haircut $15.20$15.562.4%
Beauty Salon $29.73$36.1117.7%
Toothpaste $2.83$2.4714.6%
Shampoo $0.75$0.9622.3%
Movie $10.02$10.131.1%
Bowling $6.46$4.7436.4%

Groceries

ItemHondoNational avg.Difference
Ground Beef $3.09$3.9822.5%
Fried Chicken $1.28$1.419.3%
Milk $1.71$2.0617.3%
Potatoes $2.56$2.9814.2%
Pizza $9.76$9.473.0%
Beer $8.31$8.795.5%

Health Care

ItemHondoNational avg.Difference
Optometrist $88.78$101.0412.1%
Doctor $99.78$107.447.1%
Dentist $79.08$90.4212.5%
Ibuprofen $7.97$9.2814.1%
Lipitor $430.52$426.500.9%

Housing

ItemHondoNational avg.Difference
Home Price $99,400.00$175,700.0043.4%
Avg. Mortgage Payment $808.44$1,133.2328.7%
Apartment Rent $669.00$920.0027.3%

Transportation

ItemHondoNational avg.Difference
Gasoline $1.84$1.997.4%
Tire Balancing $36.22$45.7620.8%

Utilities

ItemHondoNational avg.Difference
All Electricity$131.56$163.8119.7%
Phone $28.00$28.391.4%
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.
D'Hanis, TX1,03878-22%
Hondo, TX8,92981-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bennettsville, SC8,92886-14%
Bennington, VT8,9331044%
Gunbarrel, CO8,93312929%
Garden City, GA8,92489-11%
Topanga, CA8,923211111%
Hondo, TX8,92981-19%
Source: The Hondo, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.