Palestine 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.
IndexPalestineTexasNational
Cost of living index8291100
IndexPalestineTexasNational
Goods & Services index9697100
Groceries index9590100
Health care index9196100
Housing index5781100
Transportation index9195100
Utilities index8494100
Displayed above is a general overview of the Palestine, TX cost of living index. The overall cost of living index in Palestine, TX is 82, which is 9% lower than the Texas average and 18% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Palestine, TX are 1% lower than the Texas average and 4% lower than the national average.

Did you know?

  • The cost of living in Palestine is 9% lower than the Texas average.
  • The cost of living in Palestine is 18% lower than the national average.
  • The cost of housing in Palestine is 43% 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 Palestine, 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 Palestine, 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 Palestine, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Palestine, 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$52,025$4,335$1,214$1,561
Renters$26,681$2,223$623$801
The affordability of the housing market in Palestine, 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 Palestine, TX homeowners, the median income is $52,025. This indicates that a monthly maximum of $1,214 should be spent by homeowners on all housing related costs. Renters have a median income of $26,681. This indicates that renters should have a maximum of $623 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%
When considering the overall cost of living expenses in Palestine, TX, it's important to take into account the sales tax for Texas, as well as the rate for income tax in Texas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Texas is 8.25%, and the sales tax in the state of Texas is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Texas starts from 0% and goes up to 0%.

Goods & Services

ItemPalestineNational avg.Difference
Haircut $15.67$14.597.4%
Beauty Salon $46.75$34.6834.8%
Toothpaste $2.31$2.476.6%
Shampoo $0.91$1.0211.0%
Movie $8.67$9.8712.1%
Bowling $4.00$4.398.9%

Groceries

ItemPalestineNational avg.Difference
Ground Beef $4.98$4.4811.2%
Fried Chicken $1.15$1.4621.5%
Milk $2.76$2.3617.1%
Potatoes $3.58$3.0616.9%
Pizza $8.49$9.248.1%
Beer $9.05$8.634.8%

Health Care

ItemPalestineNational avg.Difference
Optometrist $95.00$99.784.8%
Doctor $78.96$105.0324.8%
Dentist $84.67$88.704.5%
Ibuprofen $9.55$9.411.5%
Lipitor $284.26$298.504.8%

Housing

ItemPalestineNational avg.Difference
Home Price $82,600.00$175,700.0053.0%
Avg. Mortgage Payment $941.05$1,081.0312.9%
Apartment Rent $726.00$920.0021.1%

Transportation

ItemPalestineNational avg.Difference
Gasoline $1.89$2.099.5%
Tire Balancing $42.00$45.297.3%

Utilities

ItemPalestineNational avg.Difference
All Electricity$139.79$170.8018.2%
Phone $24.72$28.2612.5%
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.
Elkhart, TX1,47579-21%
Oakwood, TX48581-19%
Palestine, TX18,61182-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hayesville, OR18,6111077%
Castaic, CA18,61913838%
El Dorado, AR18,59081-19%
Linda, CA18,63411313%
Trenton, MI18,63588-12%
Palestine, TX18,61182-18%
Source: The Palestine, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.