River Oaks 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.
IndexRiver OaksTexasNational
Cost of living index9290100
IndexRiver OaksTexasNational
Goods & Services index11394100
Groceries index9289100
Health care index9895100
Housing index6281100
Transportation index10393100
Utilities index9895100
A general summary of the cost of living index in River Oaks, TX is shown above. Compared to the state average of Texas the cost of living index in River Oaks, TX is 92, which is 3% higher than the average in Texas and compared to the national average it is 8% 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 River Oaks, TX goods and services come in at 20% higher than the average in Texas and are 13% higher than compared to the nationwide average.

Did you know?

  • The cost of living in River Oaks is 3% higher than the Texas average.
  • The cost of living in River Oaks is 8% lower than the national average.
  • The cost of housing in River Oaks is 38% 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 River Oaks, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in River Oaks, 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 River Oaks, TX, you have to earn a higher income in order to still have the same standard of living. To operate the River Oaks, 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$45,032$3,753$1,051$1,351
Renters$36,338$3,028$848$1,090
How much of your monthly income goes to housing can tell you whether or not you can afford housing in River Oaks, 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 River Oaks, TX homeowners have a median income of $45,032. Using that number, you will come up with a maximum of $1,051 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,338, which means there is a maximum of $848 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 you are determining the total cost of living in River Oaks, 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

ItemRiver OaksNational avg.Difference
Haircut $20.20$15.5629.8%
Beauty Salon $53.87$36.1149.2%
Toothpaste $2.28$2.477.8%
Shampoo $0.85$0.9611.9%
Movie $10.48$10.133.5%
Bowling $9.19$4.7494.0%

Groceries

ItemRiver OaksNational avg.Difference
Ground Beef $3.53$3.9811.3%
Fried Chicken $1.15$1.4118.0%
Milk $1.66$2.0619.4%
Potatoes $2.79$2.986.6%
Pizza $9.15$9.473.4%
Beer $9.17$8.794.2%

Health Care

ItemRiver OaksNational avg.Difference
Optometrist $81.35$101.0419.5%
Doctor $102.94$107.444.2%
Dentist $89.92$90.420.6%
Ibuprofen $8.36$9.289.9%
Lipitor $450.98$426.505.7%

Housing

ItemRiver OaksNational avg.Difference
Home Price $83,800.00$175,700.0052.3%
Avg. Mortgage Payment $895.60$1,133.2321.0%
Apartment Rent $874.00$920.005.0%

Transportation

ItemRiver OaksNational avg.Difference
Gasoline $1.93$1.993.1%
Tire Balancing $54.04$45.7618.1%

Utilities

ItemRiver OaksNational avg.Difference
All Electricity$167.30$163.812.1%
Phone $26.67$28.396.0%
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.
Lakeside, TX28385-15%
Pelican Bay, TX1,90885-15%
Sansom Park, TX4,76989-11%
White Settlement, TX16,57190-10%
Everman, TX6,21391-9%
River Oaks, TX7,57592-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Connellsville, PA7,57882-18%
Skiatook, OK7,57189-11%
Southwest Ranches, FL7,58315959%
Plymouth, MA7,56713737%
Laughlin, NV7,56791-9%
River Oaks, TX7,57592-8%
Source: The River Oaks, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.