Seminole 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.
IndexSeminoleTexasNational
Cost of living index8890100
IndexSeminoleTexasNational
Goods & Services index10094100
Groceries index8889100
Health care index9495100
Housing index6581100
Transportation index10693100
Utilities index9295100
A general overview of the cost of living index for Seminole, TX is displayed above. In Seminole, TX, the overall cost of living index is 88, which is 2% lower than the Texas average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Seminole, TX, the city's goods and services are 7% higher than the Texas average and equal to the U.S. average.

Did you know?

  • The cost of living in Seminole is 2% lower than the Texas average.
  • The cost of living in Seminole is 12% lower than the national average.
  • The cost of housing in Seminole is 35% 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 Seminole

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Seminole

Compare Seminole, 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 Seminole, 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 Seminole, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Seminole, 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$52,238$4,353$1,219$1,567
Renters$40,583$3,382$947$1,218
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Seminole, 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 Seminole, TX homeowners have a median income of $52,238. Using that number, you will come up with a maximum of $1,219 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $40,583, which means there is a maximum of $947 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%
For those who live in Seminole, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

Goods & Services

ItemSeminoleNational avg.Difference
Haircut $17.00$15.569.2%
Beauty Salon $32.11$36.1111.1%
Toothpaste $2.15$2.4712.9%
Shampoo $0.79$0.9617.8%
Movie $10.17$10.130.5%
Bowling $7.68$4.7462.3%

Groceries

ItemSeminoleNational avg.Difference
Ground Beef $3.31$3.9817.0%
Fried Chicken $1.18$1.4116.4%
Milk $1.91$2.067.3%
Potatoes $2.23$2.9825.2%
Pizza $10.51$9.4710.9%
Beer $8.60$8.792.2%

Health Care

ItemSeminoleNational avg.Difference
Optometrist $104.28$101.043.2%
Doctor $90.00$107.4416.2%
Dentist $86.96$90.423.8%
Ibuprofen $8.52$9.288.1%
Lipitor $433.66$426.501.7%

Housing

ItemSeminoleNational avg.Difference
Home Price $92,400.00$175,700.0047.4%
Avg. Mortgage Payment $911.17$1,133.2319.6%
Apartment Rent $877.00$920.004.7%

Transportation

ItemSeminoleNational avg.Difference
Gasoline $1.83$1.998.0%
Tire Balancing $62.22$45.7636.0%

Utilities

ItemSeminoleNational avg.Difference
All Electricity$157.22$163.814.0%
Phone $24.95$28.3912.1%
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.
Loop, TX34274-26%
Seminole, TX6,84888-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Martins Ferry, OH6,85080-20%
Pacific, WA6,84511111%
Laurence Harbor, NJ6,84512020%
University Park, IL6,85292-8%
Kenwood, OH6,85211111%
Seminole, TX6,84888-12%
Source: The Seminole, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.