Smithville 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.
IndexSmithvilleTexasNational
Cost of living index8890100
IndexSmithvilleTexasNational
Goods & Services index9994100
Groceries index8789100
Health care index10395100
Housing index6781100
Transportation index9893100
Utilities index10395100
Displayed above is a general overview of the Smithville, TX cost of living index. The overall cost of living index in Smithville, TX is 88, which is 1% lower than the Texas average and 12% 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 Smithville, TX are 5% higher than the Texas average and 1% lower than the national average.

Did you know?

  • The cost of living in Smithville is 1% lower than the Texas average.
  • The cost of living in Smithville is 12% lower than the national average.
  • The cost of housing in Smithville is 33% 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 Smithville, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Smithville, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Smithville, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Smithville, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,538$3,295$922$1,186
Renters$21,528$1,794$502$646
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Smithville, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Smithville, TX has a median income of about $39,538 for people who own homes. Based on that number, a person should spend a maximum of $922 on expenses related to housing. Renters have a slightly different median income, which is $21,528. Based on this average, renters should spend no more than $502 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
One thing to keep in mind when considering the cost of living in Smithville, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemSmithvilleNational avg.Difference
Haircut $21.89$15.5640.6%
Beauty Salon $43.40$36.1120.2%
Toothpaste $2.18$2.4712.0%
Shampoo $0.82$0.9615.4%
Movie $10.80$10.136.6%
Bowling $4.25$4.7410.2%

Groceries

ItemSmithvilleNational avg.Difference
Ground Beef $2.87$3.9828.0%
Fried Chicken $1.04$1.4126.3%
Milk $1.79$2.0613.1%
Potatoes $2.93$2.981.6%
Pizza $9.99$9.475.5%
Beer $8.57$8.792.5%

Health Care

ItemSmithvilleNational avg.Difference
Optometrist $124.94$101.0423.7%
Doctor $103.72$107.443.5%
Dentist $95.83$90.426.0%
Ibuprofen $8.60$9.287.3%
Lipitor $430.68$426.501.0%

Housing

ItemSmithvilleNational avg.Difference
Home Price $102,100.00$175,700.0041.9%
Avg. Mortgage Payment $960.49$1,133.2315.2%
Apartment Rent $819.00$920.0011.0%

Transportation

ItemSmithvilleNational avg.Difference
Gasoline $1.88$1.995.8%
Tire Balancing $49.32$45.767.8%

Utilities

ItemSmithvilleNational avg.Difference
All Electricity$158.42$163.813.3%
Phone $32.03$28.3912.8%
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.
Camp Swift, TX6,18485-15%
Giddings, TX4,94288-12%
Circle D-KC Estates, TX2,14491-9%
Bastrop, TX7,46994-6%
Smithville, TX3,89088-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wolfforth, TX3,89191-9%
Lansford, PA3,89185-15%
Basalt, CO3,89114848%
Farmerville, LA3,89282-18%
Aliceville, AL3,89281-19%
Smithville, TX3,89088-12%
Source: The Smithville, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.