Jasper 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.
IndexJasperTexasNational
Cost of living index8491100
IndexJasperTexasNational
Goods & Services index10097100
Groceries index9890100
Health care index9596100
Housing index5081100
Transportation index9695100
Utilities index10494100
A general overview of the cost of living index for Jasper, TX is displayed above. In Jasper, TX, the overall cost of living index is 84, which is 7% lower than the Texas average and 16% 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 Jasper, TX, the city's goods and services are 2% higher than the Texas average and equal to the U.S. average.

Did you know?

  • The cost of living in Jasper is 7% lower than the Texas average.
  • The cost of living in Jasper is 16% lower than the national average.
  • The cost of housing in Jasper is 50% 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 Jasper, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Jasper, 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 Jasper, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Jasper, 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$40,820$3,402$952$1,225
Renters$15,169$1,264$354$455
If you want to find a good determining factor for the cost of living and the general affordability of housing in Jasper, 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 Jasper, TX, the median monthly income is $40,820 for those who own their own homes. Under the standard rule, that income level would allow for $952 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $15,169, per the median income in the area. That would allow for renters to spend up to $354 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%
One thing to keep in mind when considering the cost of living in Jasper, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemJasperNational avg.Difference
Haircut $15.65$14.597.2%
Beauty Salon $34.00$34.682.0%
Toothpaste $3.21$2.4729.8%
Shampoo $0.98$1.024.1%
Movie $9.75$9.871.2%
Bowling $5.00$4.3913.9%

Groceries

ItemJasperNational avg.Difference
Ground Beef $6.05$4.4835.1%
Fried Chicken $1.19$1.4618.7%
Milk $2.29$2.362.8%
Potatoes $4.15$3.0635.6%
Pizza $8.00$9.2413.4%
Beer $8.72$8.631.0%

Health Care

ItemJasperNational avg.Difference
Optometrist $106.00$99.786.2%
Doctor $98.00$105.036.7%
Dentist $76.00$88.7014.3%
Ibuprofen $9.92$9.415.4%
Lipitor $307.65$298.503.1%

Housing

ItemJasperNational avg.Difference
Home Price $71,000.00$175,700.0059.6%
Avg. Mortgage Payment $892.91$1,081.0317.4%
Apartment Rent $674.00$920.0026.7%

Transportation

ItemJasperNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $44.00$45.292.8%

Utilities

ItemJasperNational avg.Difference
All Electricity$182.92$170.807.1%
Phone $27.95$28.261.1%
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.
Browndell, TX16879-21%
Newton, TX2,33276-24%
Jasper, TX7,68884-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Beebe, AR7,68889-11%
Haiku-Pauwela, HI7,689201101%
McGregor, FL7,69011111%
Orono, MN7,69015454%
Montrose, VA7,68693-7%
Jasper, TX7,68884-16%
Source: The Jasper, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.