Pecan Acres 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.
IndexPecan AcresTexasNational
Cost of living index12291100
IndexPecan AcresTexasNational
Goods & Services index11597100
Groceries index9090100
Health care index10296100
Housing index16481100
Transportation index9595100
Utilities index9794100
Here we can see a simple outline of the cost of living in Pecan Acres, TX. As you can see, with the average cost of living in Pecan Acres, TX being 122, that puts it 35% higher than the average of Texas and 22% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Pecan Acres, TX, the price of goods and services are 18% higher than the average of Texas as well as 15% higher than the nation's average.

Did you know?

  • The cost of living in Pecan Acres is 35% higher than the Texas average.
  • The cost of living in Pecan Acres is 22% higher than the national average.
  • The cost of housing in Pecan Acres is 64% 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 Pecan Acres, 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 Pecan Acres, 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 Pecan Acres, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Pecan Acres, 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$112,042$9,337$2,614$3,362
Renters$90,750$7,563$2,117$2,723
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Pecan Acres, 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 Pecan Acres, TX homeowners have a median income of $112,042. Using that number, you will come up with a maximum of $2,614 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $90,750, which means there is a maximum of $2,117 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%
When considering the overall cost of living expenses in Pecan Acres, 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

ItemPecan AcresNational 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

ItemPecan AcresNational 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

ItemPecan AcresNational 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

ItemPecan AcresNational avg.Difference
Home Price $316,800.00$175,700.0080.3%
Avg. Mortgage Payment $832.74$1,081.0323.0%
Apartment Rent $1,172.00$920.0027.4%

Transportation

ItemPecan AcresNational avg.Difference
Gasoline $1.94$2.097.2%
Tire Balancing $45.00$45.290.6%

Utilities

ItemPecan AcresNational 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.
Lakeside, TX28384-16%
Pelican Bay, TX1,90885-15%
Sansom Park, TX4,76989-11%
White Settlement, TX16,57190-10%
Haltom City, TX43,25991-9%
Pecan Acres, TX5,33112222%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Northfield, IL5,33216969%
Tichigan, WI5,33211212%
Salida, CO5,3291088%
Berryville, AR5,32984-16%
Turtle Creek, PA5,33583-17%
Pecan Acres, TX5,33112222%
Source: The Pecan Acres, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.