Mexia 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.
IndexMexiaTexasNational
Cost of living index8191100
IndexMexiaTexasNational
Goods & Services index9997100
Groceries index7990100
Health care index9996100
Housing index5181100
Transportation index9795100
Utilities index9194100
A general overview of the cost of living index for Mexia, TX is displayed above. In Mexia, TX, the overall cost of living index is 81, which is 11% lower than the Texas average and 19% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Mexia, TX, the city's goods and services are 2% higher than the Texas average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Mexia is 11% lower than the Texas average.
  • The cost of living in Mexia is 19% lower than the national average.
  • The cost of housing in Mexia is 49% 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

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Use the salary calculator to compare your current income in Mexia, TX to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mexia, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mexia, TX salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,071$3,423$958$1,232
Renters$26,375$2,198$615$791
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 Mexia, 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. Mexia, TX has a median income of about $41,071 for people who own homes. Based on that number, a person should spend a maximum of $958 on expenses related to housing. Renters have a slightly different median income, which is $26,375. Based on this average, renters should spend no more than $615 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 you are determining the total cost of living in Mexia, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

ItemMexiaNational avg.Difference
Haircut $14.59$14.590.0%
Beauty Salon $38.17$34.6810.1%
Toothpaste $1.50$2.4739.4%
Shampoo $0.75$1.0226.6%
Movie $7.50$9.8724.0%
Bowling $3.67$4.3916.4%

Groceries

ItemMexiaNational avg.Difference
Ground Beef $4.53$4.481.2%
Fried Chicken $1.02$1.4630.3%
Milk $1.71$2.3627.4%
Potatoes $2.29$3.0625.2%
Pizza $10.32$9.2411.7%
Beer $10.36$8.6320.0%

Health Care

ItemMexiaNational avg.Difference
Optometrist $83.40$99.7816.4%
Doctor $93.33$105.0311.1%
Dentist $93.83$88.705.8%
Ibuprofen $7.97$9.4115.3%
Lipitor $326.88$298.509.5%

Housing

ItemMexiaNational avg.Difference
Home Price $67,300.00$175,700.0061.7%
Avg. Mortgage Payment $918.47$1,081.0315.0%
Apartment Rent $727.00$920.0021.0%

Transportation

ItemMexiaNational avg.Difference
Gasoline $1.93$2.097.8%
Tire Balancing $49.98$45.2910.4%

Utilities

ItemMexiaNational avg.Difference
All Electricity$164.09$170.803.9%
Phone $24.01$28.2615.0%
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.
Dawson, TX87477-23%
Coolidge, TX82778-22%
Teague, TX3,55180-20%
Groesbeck, TX4,32580-20%
Kirvin, TX15681-19%
Mexia, TX7,50281-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sandpoint, ID7,49793-7%
Donaldsonville, LA7,50786-14%
Carl Junction, MO7,51190-10%
Seminole, OK7,49375-25%
Powdersville, SC7,5131011%
Mexia, TX7,50281-19%
Source: The Mexia, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.