Melissa 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.
IndexMelissaTexasNational
Cost of living index9890100
IndexMelissaTexasNational
Goods & Services index8594100
Groceries index8689100
Health care index10595100
Housing index11481100
Transportation index10193100
Utilities index9895100
A general summary of the cost of living index in Melissa, TX is shown above. Compared to the state average of Texas the cost of living index in Melissa, TX is 98, which is 9% higher than the average in Texas and compared to the national average it is 2% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Melissa, TX goods and services come in at 9% lower than the average in Texas and are 15% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Melissa is 9% higher than the Texas average.
  • The cost of living in Melissa is 2% lower than the national average.
  • The cost of housing in Melissa is 14% 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 Melissa, 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 Melissa, 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 Melissa, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Melissa, 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$96,875$8,073$2,260$2,907
Renters$115,284$9,607$2,690$3,459
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 Melissa, 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. Melissa, TX has a median income of about $96,875 for people who own homes. Based on that number, a person should spend a maximum of $2,260 on expenses related to housing. Renters have a slightly different median income, which is $115,284. Based on this average, renters should spend no more than $2,690 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 Melissa, 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

ItemMelissaNational avg.Difference
Haircut $16.91$15.568.6%
Beauty Salon $31.54$36.1112.6%
Toothpaste $1.63$2.4734.1%
Shampoo $0.81$0.9615.9%
Movie $10.02$10.131.1%
Bowling $5.08$4.747.3%

Groceries

ItemMelissaNational avg.Difference
Ground Beef $3.16$3.9820.6%
Fried Chicken $0.90$1.4135.9%
Milk $1.63$2.0621.0%
Potatoes $2.83$2.985.1%
Pizza $8.96$9.475.5%
Beer $8.79$8.790.0%

Health Care

ItemMelissaNational avg.Difference
Optometrist $95.62$101.045.4%
Doctor $120.28$107.4412.0%
Dentist $94.43$90.424.4%
Ibuprofen $8.64$9.286.8%
Lipitor $445.61$426.504.5%

Housing

ItemMelissaNational avg.Difference
Home Price $172,300.00$175,700.001.9%
Avg. Mortgage Payment $1,150.90$1,133.231.6%
Apartment Rent $1,401.00$920.0052.3%

Transportation

ItemMelissaNational avg.Difference
Gasoline $1.85$1.997.2%
Tire Balancing $55.11$45.7620.4%

Utilities

ItemMelissaNational avg.Difference
All Electricity$160.65$163.811.9%
Phone $27.93$28.391.6%
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.
Trenton, TX84578-22%
Blue Ridge, TX1,03381-19%
Westminster, TX70381-19%
Van Alstyne, TX3,10183-17%
Farmersville, TX3,39385-15%
Melissa, TX5,67598-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
South Tucson, AZ5,67584-16%
Belle Fourche, SD5,67787-13%
Sinton, TX5,67883-17%
Chena Ridge, AK5,67113636%
Conley, GA5,67987-13%
Melissa, TX5,67598-2%
Source: The Melissa, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.