Irving 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.
IndexIrvingTexasNational
Cost of living index10090100
IndexIrvingTexasNational
Goods & Services index11497100
Groceries index10790100
Health care index10496100
Housing index8378100
Transportation index9095100
Utilities index10494100
An overview of the general cost of living index for Irving, TX is displayed above for your reference. Residents in Irving, TX enjoy a cost of living index of 100. This index is 11% higher than the Texas average, and equal to the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Irving, TX, the average cost of goods and services is 17% higher than it is in Texas, and it is 14% higher than the national average.

Did you know?

  • The cost of living in Irving is 11% higher than the Texas average.
  • The cost of living in Irving is equal to the national average.
  • The cost of housing in Irving is 17% 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

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
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The salary calculator allows you to compare how much your current salary in Irving, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Irving, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Irving, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,741$6,062$1,697$2,182
Renters$39,422$3,285$920$1,183
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Irving, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Irving, TX has a median income of about $72,741 for people who own homes. Based on that number, a person should spend a maximum of $1,697 on expenses related to housing. Renters have a slightly different median income, which is $39,422. Based on this average, renters should spend no more than $920 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Irving, 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

ItemIrvingNational avg.Difference
Haircut $21.33$14.5946.2%
Beauty Salon $41.25$34.6818.9%
Toothpaste $3.28$2.4732.6%
Shampoo $1.57$1.0253.6%
Movie $10.65$9.877.9%
Bowling $5.51$4.3925.5%

Groceries

ItemIrvingNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.47$1.460.4%
Milk $1.99$2.3615.6%
Potatoes $2.95$3.063.6%
Pizza $10.19$9.2410.2%
Beer $9.74$8.6312.8%

Health Care

ItemIrvingNational avg.Difference
Optometrist $112.00$99.7812.2%
Doctor $101.25$105.033.6%
Dentist $96.00$88.708.2%
Ibuprofen $10.95$9.4116.3%
Lipitor $303.46$298.501.7%

Housing

ItemIrvingNational avg.Difference
Home Price $138,200.00$181,400.0023.8%
Avg. Mortgage Payment $723.28$1,081.0333.1%
Apartment Rent $885.00$889.000.4%

Transportation

ItemIrvingNational avg.Difference
Gasoline $1.80$2.0913.9%
Tire Balancing $45.12$45.290.4%

Utilities

ItemIrvingNational avg.Difference
All Electricity$181.49$170.806.3%
Phone $28.15$28.260.4%
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.
Las Haciendas, TX01077%
San Fernando, TX01077%
Hutchins, TX5,23891-9%
Cockrell Hill, TX4,22791-9%
Duncanville, TX38,59098-2%
Irving, TX217,021100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Las Vegas, NV215,7621055%
Fremont, CA215,18816868%
Scottsdale, AZ219,86712323%
Irvine, CA213,88017070%
Paradise, NV220,2021044%
Irving, TX217,021100-0%
Source: The Irving, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.