Marshall 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.
IndexMarshallTexasNational
Cost of living index8190100
IndexMarshallTexasNational
Goods & Services index9494100
Groceries index9689100
Health care index9295100
Housing index5681100
Transportation index8893100
Utilities index7995100
An overview of the general cost of living index for Marshall, TX is displayed above for your reference. Residents in Marshall, TX enjoy a cost of living index of 81. This index is 10% lower than the Texas average, and 19% lower 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 Marshall, TX, the average cost of goods and services is equal to it is in Texas, and it is 6% lower than the national average.

Did you know?

  • The cost of living in Marshall is 10% lower than the Texas average.
  • The cost of living in Marshall is 19% lower than the national average.
  • The cost of housing in Marshall is 44% 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
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Cost of living index
Goods & Services index
Groceries index
Health care index
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Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Marshall, 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 Marshall, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Marshall, 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$43,671$3,639$1,019$1,310
Renters$23,640$1,970$552$709
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 Marshall, 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. Marshall, TX has a median income of about $43,671 for people who own homes. Based on that number, a person should spend a maximum of $1,019 on expenses related to housing. Renters have a slightly different median income, which is $23,640. Based on this average, renters should spend no more than $552 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 assessing the complete cost of living in Marshall, 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

ItemMarshallNational avg.Difference
Haircut $13.00$15.5616.5%
Beauty Salon $41.33$36.1114.5%
Toothpaste $2.10$2.4715.2%
Shampoo $1.01$0.965.0%
Movie $9.50$10.136.2%
Bowling $4.88$4.743.1%

Groceries

ItemMarshallNational avg.Difference
Ground Beef $5.14$3.9828.9%
Fried Chicken $1.11$1.4121.1%
Milk $2.75$2.0633.1%
Potatoes $2.94$2.981.5%
Pizza $10.82$9.4714.3%
Beer $7.96$8.799.4%

Health Care

ItemMarshallNational avg.Difference
Optometrist $71.00$101.0429.7%
Doctor $95.17$107.4411.4%
Dentist $82.44$90.428.8%
Ibuprofen $9.15$9.281.4%
Lipitor $430.10$426.500.8%

Housing

ItemMarshallNational avg.Difference
Home Price $84,300.00$175,700.0052.0%
Avg. Mortgage Payment $990.21$1,133.2312.6%
Apartment Rent $677.00$920.0026.4%

Transportation

ItemMarshallNational avg.Difference
Gasoline $1.74$1.9912.5%
Tire Balancing $41.10$45.7610.2%

Utilities

ItemMarshallNational avg.Difference
All Electricity$123.81$163.8124.4%
Phone $24.06$28.3915.3%
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.
Easton, TX46881-19%
Nesbitt, TX26081-19%
Scottsville, TX41087-13%
Uncertain, TX9987-13%
Hallsville, TX3,79993-7%
Marshall, TX24,42481-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lodi, NJ24,42813131%
Loves Park, IL24,43588-12%
Bayonet Point, FL24,41285-15%
Ramsey, MN24,44111111%
Moscow, ID24,4061011%
Marshall, TX24,42481-19%
Source: The Marshall, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.