McAllen 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.
IndexMcAllenTexasNational
Cost of living index7790100
IndexMcAllenTexasNational
Goods & Services index7694100
Groceries index8289100
Health care index7695100
Housing index6881100
Transportation index8293100
Utilities index9195100
An overview of the general cost of living index for McAllen, TX is displayed above for your reference. Residents in McAllen, TX enjoy a cost of living index of 77. This index is 14% lower than the Texas average, and 23% 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 McAllen, TX, the average cost of goods and services is 19% lower than it is in Texas, and it is 24% lower than the national average.

Did you know?

  • The cost of living in McAllen is 14% lower than the Texas average.
  • The cost of living in McAllen is 23% lower than the national average.
  • The cost of housing in McAllen is 32% 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 McAllen, TX Cost of living To Other Cities

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
Using the salary calculator lets you compare the salary you earn in McAllen, 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 McAllen, TX, you have to earn a higher income in order to still have the same standard of living. To operate the McAllen, 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$56,845$4,737$1,326$1,706
Renters$25,864$2,155$603$776
How much of your monthly income goes to housing can tell you whether or not you can afford housing in McAllen, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In McAllen, TX homeowners have a median income of $56,845. Using that number, you will come up with a maximum of $1,326 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,864, which means there is a maximum of $603 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in McAllen, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemMcAllenNational avg.Difference
Haircut $12.50$15.5619.7%
Beauty Salon $25.00$36.1130.8%
Toothpaste $1.93$2.4722.1%
Shampoo $0.84$0.9613.0%
Movie $10.25$10.131.2%
Bowling $4.25$4.7410.2%

Groceries

ItemMcAllenNational avg.Difference
Ground Beef $2.73$3.9831.5%
Fried Chicken $1.06$1.4124.9%
Milk $1.96$2.065.0%
Potatoes $1.77$2.9840.5%
Pizza $8.00$9.4715.6%
Beer $8.18$8.797.0%

Health Care

ItemMcAllenNational avg.Difference
Optometrist $78.61$101.0422.2%
Doctor $62.78$107.4441.6%
Dentist $64.22$90.4229.0%
Ibuprofen $7.97$9.2814.1%
Lipitor $438.49$426.502.8%

Housing

ItemMcAllenNational avg.Difference
Home Price $112,200.00$175,700.0036.1%
Avg. Mortgage Payment $778.67$1,133.2331.3%
Apartment Rent $726.00$920.0021.1%

Transportation

ItemMcAllenNational avg.Difference
Gasoline $1.76$1.9911.7%
Tire Balancing $30.39$45.7633.6%

Utilities

ItemMcAllenNational avg.Difference
All Electricity$173.84$163.816.1%
Phone $19.99$28.3929.6%
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, StatePopulationCost of Living IndexNational Avg.
La Esperanza, TX1780-20%
Barrera, TX080-20%
Tierra Dorada, TX880-20%
Evergreen, TX080-20%
Campo Verde, TX15280-20%
McAllen, TX135,04877-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Warren, MI134,39892-8%
Killeen, TX134,03085-15%
Hampton, VA136,9041044%
West Valley City, UT132,32995-5%
Bellevue, WA132,26817171%
McAllen, TX135,04877-23%
Source: The McAllen, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.