Temple 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.
IndexTempleTexasNational
Cost of living index8791100
IndexTempleTexasNational
Goods & Services index9397100
Groceries index8390100
Health care index10196100
Housing index7381100
Transportation index9695100
Utilities index9694100
A general summary of the cost of living index in Temple, TX is shown above. Compared to the state average of Texas the cost of living index in Temple, TX is 87, which is 4% lower than the average in Texas and compared to the national average it is 13% 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 Temple, TX goods and services come in at 4% lower than the average in Texas and are 7% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Temple is 4% lower than the Texas average.
  • The cost of living in Temple is 13% lower than the national average.
  • The cost of housing in Temple is 27% 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 Temple, 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
Using the salary calculator lets you compare the salary you earn in Temple, 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 Temple, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Temple, 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$66,105$5,509$1,542$1,983
Renters$31,346$2,612$731$940
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Temple, 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 Temple, TX homeowners have a median income of $66,105. Using that number, you will come up with a maximum of $1,542 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $31,346, which means there is a maximum of $731 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%
The Texas sales tax and Texas income tax rates should definitely be considered when determining the overall cost of living in Temple, TX. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Texas sales tax is 6.25% and the maximum surtax is 8.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemTempleNational avg.Difference
Haircut $12.86$14.5911.9%
Beauty Salon $39.83$34.6814.9%
Toothpaste $2.22$2.4710.2%
Shampoo $0.75$1.0226.6%
Movie $8.13$9.8717.6%
Bowling $6.00$4.3936.6%

Groceries

ItemTempleNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.18$1.4619.4%
Milk $2.21$2.366.2%
Potatoes $2.33$3.0623.9%
Pizza $8.99$9.242.7%
Beer $8.38$8.632.9%

Health Care

ItemTempleNational avg.Difference
Optometrist $96.50$99.783.3%
Doctor $123.50$105.0317.6%
Dentist $80.74$88.709.0%
Ibuprofen $7.98$9.4115.2%
Lipitor $314.06$298.505.2%

Housing

ItemTempleNational avg.Difference
Home Price $117,900.00$175,700.0032.9%
Avg. Mortgage Payment $739.26$1,081.0331.6%
Apartment Rent $803.00$920.0012.7%

Transportation

ItemTempleNational avg.Difference
Gasoline $1.85$2.0911.3%
Tire Balancing $52.49$45.2915.9%

Utilities

ItemTempleNational avg.Difference
All Electricity$151.85$170.8011.1%
Phone $29.99$28.266.1%
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.
Rogers, TX94979-21%
Holland, TX1,01881-19%
Moody, TX1,61482-18%
Troy, TX1,77183-17%
Bruceville-Eddy, TX1,73183-17%
Temple, TX68,87787-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Palatine, IL69,01511818%
Lauderhill, FL69,08293-7%
Missouri City, TX69,15299-1%
Casas Adobes, AZ68,52599-1%
Santa Fe, NM69,2451033%
Temple, TX68,87787-13%
Source: The Temple, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.