Lantana 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.
IndexLantanaTexasNational
Cost of living index12990100
IndexLantanaTexasNational
Goods & Services index11394100
Groceries index9289100
Health care index9895100
Housing index18581100
Transportation index10393100
Utilities index9895100
An overview of the general cost of living index for Lantana, TX is displayed above for your reference. Residents in Lantana, TX enjoy a cost of living index of 129. This index is 44% higher than the Texas average, and 29% higher than 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 Lantana, TX, the average cost of goods and services is 20% higher than it is in Texas, and it is 13% higher than the national average.

Did you know?

  • The cost of living in Lantana is 44% higher than the Texas average.
  • The cost of living in Lantana is 29% higher than the national average.
  • The cost of housing in Lantana is 85% higher 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 Lantana, TX Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Lantana, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lantana, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Lantana, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$145,595$12,133$3,397$4,368
Renters$116,250$9,688$2,712$3,488
One can approximate the cost of living and the housing affordability in Lantana, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lantana, TX have a median income of $145,595. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,397 per month to avoid calamity and poverty. The renters in the city have an income of about $116,250, which would make their monthly maximum allowable rental costs $2,712.

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 Lantana, 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

ItemLantanaNational avg.Difference
Haircut $20.20$15.5629.8%
Beauty Salon $53.87$36.1149.2%
Toothpaste $2.28$2.477.8%
Shampoo $0.85$0.9611.9%
Movie $10.48$10.133.5%
Bowling $9.19$4.7494.0%

Groceries

ItemLantanaNational avg.Difference
Ground Beef $3.53$3.9811.3%
Fried Chicken $1.15$1.4118.0%
Milk $1.66$2.0619.4%
Potatoes $2.79$2.986.6%
Pizza $9.15$9.473.4%
Beer $9.17$8.794.2%

Health Care

ItemLantanaNational avg.Difference
Optometrist $81.35$101.0419.5%
Doctor $102.94$107.444.2%
Dentist $89.92$90.420.6%
Ibuprofen $8.36$9.289.9%
Lipitor $450.98$426.505.7%

Housing

ItemLantanaNational avg.Difference
Home Price $301,700.00$175,700.0071.7%
Avg. Mortgage Payment $895.60$1,133.2321.0%
Apartment Rent $2,001.00$920.00117.5%

Transportation

ItemLantanaNational avg.Difference
Gasoline $1.93$1.993.1%
Tire Balancing $54.04$45.7618.1%

Utilities

ItemLantanaNational avg.Difference
All Electricity$167.30$163.812.1%
Phone $26.67$28.396.0%
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.
Lincoln Park, TX28874-26%
Watauga, TX23,99998-2%
Corral City, TX3198-2%
Saginaw, TX20,84099-1%
Justin, TX3,31499-1%
Lantana, TX8,02512929%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Caribou, ME8,02593-7%
Summit, WA8,02511616%
Liberty Lake, WA8,02711212%
Murrells Inlet, SC8,02711212%
Quincy, FL8,02284-16%
Lantana, TX8,02512929%
Source: The Lantana, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.