B
18%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
52%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Mansfield Texas National
Cost of living11892100
Goods & Services10896100
Groceries10096100
Health care10894100
Housing15283100
Transportation8992100
Utilities111104100

An Overview of Cost of Living in Mansfield, TX

Are you thinking about relocating, but curious about the potential cost of living in Mansfield? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Mansfield stands at 118, making it 18% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Housing costs are a very significant part of the Mansfield cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 51.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Mansfield?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 16 locals to understand their opinions on the cost of living in Mansfield. The results indicated that 19% found it reasonably priced with decreasing prices of goods and services, while 81% viewed it as quite expensive, with increasing prices.

Is Mansfield Affordable?

Is Mansfield affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Mansfield, for instance, where the median home price falls 51.2% higher than the national average, and monthly rent rates are 52.5% higher than usual. Additionally, median income levels contribute to the equation, with Mansfield flaunting a median household income of $102,388, 85.1% higher than the national norm.

What Factors can Influence the Cost of Living in Mansfield?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Mansfield, healthcare costs are 8.3% higher than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Mansfield, the transportation index is 11.4% lower than the national average.

Where is the Data From?

The Mansfield cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Mansfield is 28% higher than the Texas average
  • The cost of living in Mansfield is 18% higher than the national average
  • Mansfield housing is 52% higher than the national average
  • Texas general sales tax is 22% higher than the national average
  • Texas state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Mansfield

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Compare Mansfield, TX Cost of Living

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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
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$118,195$9,850$2,758$3,546
      Renters$62,531$5,211$1,459$1,876
      A good way to judge both the affordability of the housing and the cost of living in Mansfield is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mansfield has a median income of about $118,195 for people who own homes. Based on that number, a maximum of $2,758 should be spent on expenses related to housing. Renters have a slightly different median income, which is $62,531. Based on this average, renters should spend no more than $1,459 on all rental costs if they want to maintain a non-impoverished standard of living.

      Texas Sales Tax

      State General Sales Tax With Max Surtax
      Texas 6.25% 8.25%

      Texas Income Tax

      State Income Tax (Low) Income Tax (High)
      Texas 0% 0%

      Goods & Services

      Item Mansfield National avg. Difference
      Haircut $33.29$24.2637.2%
      Beauty Salon $65.85$45.5644.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.30$1.281.3%
      Movie $14.60$12.1320.3%
      Bowling $24.53$18.0036.3%

      Groceries

      Item Mansfield National avg. Difference
      Ground Beef $5.23$5.8410.4%
      Fried Chicken $1.74$1.5710.8%
      Milk $4.65$4.670.5%
      Potatoes $4.93$4.930.0%
      Pizza $11.30$12.096.5%
      Beer $10.93$10.415.0%

      Health Care

      Item Mansfield National avg. Difference
      Optometrist $143.73$125.6814.4%
      Doctor $140.69$135.783.6%
      Dentist $130.53$113.2915.2%
      Ibuprofen $10.62$10.650.3%
      Lipitor $499.87$468.606.7%

      Housing

      Item Mansfield National avg. Difference
      Home Price $279,200.00$184,700.0051.2%
      Avg. Mortgage Payment $2,258.00$2,346.693.8%
      Apartment Rent $1,447.00$949.0052.5%

      Transportation

      Item Mansfield National avg. Difference
      Gasoline $3.09$3.4610.7%
      Tire Balancing $52.04$59.9213.2%

      Utilities

      Item Mansfield National avg. Difference
      All Electricity $219.02$193.9912.9%
      Phone $208.71$192.258.6%
      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 Population Cost of Living Index National Avg.
      Cockrell Hill, TX4,200936.9%
      Everman, TX6,232946.0%
      Forest Hill, TX12,964963.6%
      Alvarado, TX4,282972.8%
      Keene, TX6,456972.7%
      Mansfield, TX71,41911818.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Woodbury, MN71,29812020.2%
      Maple Grove, MN71,56911716.7%
      Bowling Green, KY71,628946.0%
      Gulfport, MS71,660918.7%
      Redlands, CA71,68014039.6%
      Mansfield, TX71,41911818.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.