Lake Jackson 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.
IndexLake JacksonTexasNational
Cost of living index8890100
IndexLake JacksonTexasNational
Goods & Services index9094100
Groceries index8589100
Health care index10195100
Housing index8581100
Transportation index9193100
Utilities index8395100
Displayed above is a general overview of the Lake Jackson, TX cost of living index. The overall cost of living index in Lake Jackson, TX is 88, which is 2% lower than the Texas average and 12% 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 Lake Jackson, TX are 5% lower than the Texas average and 10% lower than the national average.

Did you know?

  • The cost of living in Lake Jackson is 2% lower than the Texas average.
  • The cost of living in Lake Jackson is 12% lower than the national average.
  • The cost of housing in Lake Jackson is 15% 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 Lake Jackson, TX Cost of living To Other Cities

Salary Calculator

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Health care index
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The salary calculator allows you to compare how much your current salary in Lake Jackson, 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 Lake Jackson, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lake Jackson, 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$89,736$7,478$2,094$2,692
Renters$39,526$3,294$922$1,186
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lake Jackson, 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 Lake Jackson, TX, the median monthly income is $89,736 for those who own their own homes. Under the standard rule, that income level would allow for $2,094 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $39,526, per the median income in the area. That would allow for renters to spend up to $922 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 assessing the complete cost of living in Lake Jackson, 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

ItemLake JacksonNational avg.Difference
Haircut $15.33$15.561.5%
Beauty Salon $31.67$36.1112.3%
Toothpaste $1.87$2.4724.5%
Shampoo $0.78$0.9619.2%
Movie $8.01$10.1320.9%
Bowling $3.57$4.7424.5%

Groceries

ItemLake JacksonNational avg.Difference
Ground Beef $3.99$3.980.1%
Fried Chicken $0.91$1.4135.3%
Milk $1.67$2.0619.1%
Potatoes $2.51$2.9815.9%
Pizza $7.99$9.4715.7%
Beer $8.82$8.790.3%

Health Care

ItemLake JacksonNational avg.Difference
Optometrist $92.77$101.048.2%
Doctor $107.07$107.440.3%
Dentist $94.11$90.424.1%
Ibuprofen $8.20$9.2811.7%
Lipitor $444.78$426.504.3%

Housing

ItemLake JacksonNational avg.Difference
Home Price $143,500.00$175,700.0018.3%
Avg. Mortgage Payment $930.97$1,133.2317.8%
Apartment Rent $854.00$920.007.2%

Transportation

ItemLake JacksonNational avg.Difference
Gasoline $1.75$1.9912.2%
Tire Balancing $45.58$45.760.4%

Utilities

ItemLake JacksonNational avg.Difference
All Electricity$151.04$163.817.8%
Phone $20.00$28.3929.5%
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.
Holiday Lakes, TX1,09372-28%
Freeport, TX12,10876-24%
Oyster Creek, TX1,03778-22%
Sweeny, TX3,74378-22%
West Columbia, TX3,91780-20%
Lake Jackson, TX27,22488-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Milton, MA27,20416262%
Bessemer, AL27,20282-18%
Fortuna Foothills, AZ27,18198-2%
Bella Vista, AR27,27392-8%
Glen Cove, NY27,16115858%
Lake Jackson, TX27,22488-12%
Source: The Lake Jackson, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.