Ricardo 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.
IndexRicardoTexasNational
Cost of living index9291100
IndexRicardoTexasNational
Goods & Services index9797100
Groceries index8390100
Health care index9596100
Housing index8281100
Transportation index9295100
Utilities index11994100

Did you know?

  • The cost of living in Ricardo is 2% higher than the Texas average.
  • The cost of living in Ricardo is 8% lower than the national average.
  • The cost of housing in Ricardo is 18% 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 Ricardo, TX Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,135$5,761$1,613$2,074
Renters$13,068$1,089$305$392

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%

Goods & Services

ItemRicardoNational avg.Difference
Haircut $13.24$14.599.3%
Beauty Salon $39.24$34.6813.2%
Toothpaste $2.21$2.4710.6%
Shampoo $0.75$1.0226.6%
Movie $7.38$9.8725.2%
Bowling $5.80$4.3932.1%

Groceries

ItemRicardoNational avg.Difference
Ground Beef $4.84$4.488.1%
Fried Chicken $1.04$1.4629.0%
Milk $2.29$2.362.8%
Potatoes $2.74$3.0610.5%
Pizza $9.28$9.240.4%
Beer $7.97$8.637.7%

Health Care

ItemRicardoNational avg.Difference
Optometrist $91.75$99.788.0%
Doctor $97.67$105.037.0%
Dentist $77.75$88.7012.3%
Ibuprofen $7.97$9.4115.3%
Lipitor $341.47$298.5014.4%

Housing

ItemRicardoNational avg.Difference
Home Price $159,400.00$175,700.009.3%
Avg. Mortgage Payment $882.41$1,081.0318.4%
Apartment Rent $568.00$920.0038.3%

Transportation

ItemRicardoNational avg.Difference
Gasoline $1.95$2.096.8%
Tire Balancing $40.50$45.2910.6%

Utilities

ItemRicardoNational avg.Difference
All Electricity$195.90$170.8014.7%
Phone $35.00$28.2623.9%
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.
Flowella, TX7471-29%
Riviera, TX75179-21%
Sarita, TX44282-18%
Bishop, TX3,16282-18%
Kingsville, TX26,34884-16%
Ricardo, TX88492-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Crescent Beach, FL88412727%
McGregor, IA88491-9%
Isola, MS88478-22%
Wrightstown, NJ88411818%
Hagan, GA88489-11%
Ricardo, TX88492-8%
Source: The Ricardo, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.