Stephenville 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.
IndexStephenvilleTexasNational
Cost of living index9291100
IndexStephenvilleTexasNational
Goods & Services index11597100
Groceries index9090100
Health care index10296100
Housing index6581100
Transportation index9595100
Utilities index9794100
A general summary of the cost of living index in Stephenville, TX is shown above. Compared to the state average of Texas the cost of living index in Stephenville, TX is 92, which is 2% 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 Stephenville, TX goods and services come in at 18% higher than the average in Texas and are 15% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Stephenville is 2% higher than the Texas average.
  • The cost of living in Stephenville is 8% lower than the national average.
  • The cost of housing in Stephenville 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.

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Compare Stephenville, 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
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The salary calculator is used in order to provide a comparison of your current salary in Stephenville, TX to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Stephenville, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Stephenville, TX salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$55,744$4,645$1,301$1,672
Renters$20,833$1,736$486$625
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 Stephenville, 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. Stephenville, TX has a median income of about $55,744 for people who own homes. Based on that number, a person should spend a maximum of $1,301 on expenses related to housing. Renters have a slightly different median income, which is $20,833. Based on this average, renters should spend no more than $486 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%
When considering the overall cost of living expenses in Stephenville, 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

ItemStephenvilleNational 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

ItemStephenvilleNational 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

ItemStephenvilleNational 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

ItemStephenvilleNational avg.Difference
Home Price $104,500.00$175,700.0040.5%
Avg. Mortgage Payment $832.74$1,081.0323.0%
Apartment Rent $705.00$920.0023.4%

Transportation

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

Utilities

ItemStephenvilleNational 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.
Dublin, TX3,65886-14%
Stephenville, TX18,38792-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Glassmanor, MD18,3891077%
Franklin Park, IL18,3891044%
Orinda, CA18,390220120%
Whitehall, OH18,38383-17%
Allendale, MI18,39395-5%
Stephenville, TX18,38792-8%
Source: The Stephenville, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.