North Richland Hills 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.
IndexNorth Richland HillsTexasNational
Cost of living index9990100
IndexNorth Richland HillsTexasNational
Goods & Services index11597100
Groceries index9090100
Health care index10296100
Housing index8878100
Transportation index9595100
Utilities index9794100
A general summary of the cost of living index in North Richland Hills, TX is shown above. Compared to the state average of Texas the cost of living index in North Richland Hills, TX is 99, which is 10% higher than the average in Texas and compared to the national average it is 1% 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 North Richland Hills, TX goods and services come in at 18% higher than the average in Texas and are 15% higher than compared to the nationwide average.

Did you know?

  • The cost of living in North Richland Hills is 10% higher than the Texas average.
  • The cost of living in North Richland Hills is 1% lower than the national average.
  • The cost of housing in North Richland Hills is 12% 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.

Find Real Estate Listings In North Richland Hills

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In North Richland Hills

Compare North Richland Hills, 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
The salary calculator is meant to help you compare your salary in North Richland Hills, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in North Richland Hills, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the North Richland Hills, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$85,261$7,105$1,989$2,558
Renters$38,359$3,197$895$1,151
The affordability of the housing market in North Richland Hills, TX as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among North Richland Hills, TX homeowners, the median income is $85,261. This indicates that a monthly maximum of $1,989 should be spent by homeowners on all housing related costs. Renters have a median income of $38,359. This indicates that renters should have a maximum of $895 used for their rent related monthly costs.

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 North Richland Hills, 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

ItemNorth Richland HillsNational avg.Difference
Haircut $19.00$14.5930.2%
Beauty Salon $58.00$34.6867.2%
Toothpaste $2.02$2.4718.3%
Shampoo $1.22$1.0219.4%
Movie $9.96$9.870.9%
Bowling $5.25$4.3919.5%

Groceries

ItemNorth Richland HillsNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.39$1.465.1%
Milk $2.00$2.3615.1%
Potatoes $3.22$3.065.2%
Pizza $8.55$9.247.5%
Beer $8.82$8.632.2%

Health Care

ItemNorth Richland HillsNational avg.Difference
Optometrist $89.67$99.7810.1%
Doctor $106.00$105.030.9%
Dentist $95.67$88.707.9%
Ibuprofen $8.78$9.416.7%
Lipitor $305.36$298.502.3%

Housing

ItemNorth Richland HillsNational avg.Difference
Home Price $148,000.00$181,400.0018.4%
Avg. Mortgage Payment $832.74$1,081.0323.0%
Apartment Rent $902.00$889.001.5%

Transportation

ItemNorth Richland HillsNational avg.Difference
Gasoline $1.94$2.097.2%
Tire Balancing $45.00$45.290.6%

Utilities

ItemNorth Richland HillsNational avg.Difference
All Electricity$181.35$170.806.2%
Phone $24.00$28.2615.1%
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.
Sansom Park, TX4,68089-11%
White Settlement, TX16,20890-10%
Haltom City, TX42,51191-9%
Everman, TX6,12892-8%
Lake Worth, TX4,62692-8%
North Richland Hills, TX63,60599-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pittsburg, CA63,61211616%
Janesville, WI63,58693-7%
South San Francisco, CA63,74216767%
Fort Myers, FL63,42798-2%
Laguna Niguel, CA63,34217373%
North Richland Hills, TX63,60599-1%
Source: The North Richland Hills, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.