Wells Branch 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.
IndexWells BranchTexasNational
Cost of living index9591100
IndexWells BranchTexasNational
Goods & Services index9697100
Groceries index8490100
Health care index10296100
Housing index9881100
Transportation index8995100
Utilities index9894100
A general summary of the cost of living index in Wells Branch, TX is shown above. Compared to the state average of Texas the cost of living index in Wells Branch, TX is 95, which is 5% higher than the average in Texas and compared to the national average it is 5% 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 Wells Branch, TX goods and services come in at 1% lower than the average in Texas and are 4% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Wells Branch is 5% higher than the Texas average.
  • The cost of living in Wells Branch is 5% lower than the national average.
  • The cost of housing in Wells Branch is 2% 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 Wells Branch, TX Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Wells Branch, TX to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Wells Branch, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wells Branch, TX salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$89,500$7,458$2,088$2,685
Renters$40,121$3,343$936$1,204
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 Wells Branch, 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. Wells Branch, TX has a median income of about $89,500 for people who own homes. Based on that number, a person should spend a maximum of $2,088 on expenses related to housing. Renters have a slightly different median income, which is $40,121. Based on this average, renters should spend no more than $936 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 Wells Branch, 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

ItemWells BranchNational avg.Difference
Haircut $16.25$14.5911.4%
Beauty Salon $36.67$34.685.7%
Toothpaste $1.63$2.4734.1%
Shampoo $0.75$1.0226.6%
Movie $10.63$9.877.7%
Bowling $4.39$4.390.0%

Groceries

ItemWells BranchNational avg.Difference
Ground Beef $3.49$4.4822.0%
Fried Chicken $1.01$1.4631.0%
Milk $2.63$2.3611.6%
Potatoes $2.67$3.0612.8%
Pizza $8.99$9.242.7%
Beer $8.57$8.630.7%

Health Care

ItemWells BranchNational avg.Difference
Optometrist $103.53$99.783.8%
Doctor $103.00$105.031.9%
Dentist $94.50$88.706.5%
Ibuprofen $7.97$9.4115.3%
Lipitor $306.77$298.502.8%

Housing

ItemWells BranchNational avg.Difference
Home Price $168,400.00$175,700.004.2%
Avg. Mortgage Payment $911.89$1,081.0315.6%
Apartment Rent $963.00$920.004.7%

Transportation

ItemWells BranchNational avg.Difference
Gasoline $1.76$2.0915.9%
Tire Balancing $45.98$45.291.5%

Utilities

ItemWells BranchNational avg.Difference
All Electricity$183.52$170.807.4%
Phone $24.15$28.2614.5%
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.
Manor, TX5,93695-5%
Hornsby Bend, TX7,35597-3%
Jonestown, TX2,11594-6%
Round Rock, TX106,97296-4%
Hutto, TX18,83996-4%
Wells Branch, TX11,85295-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fernandina Beach, FL11,85111515%
Portland, TN11,85388-12%
Florida City, FL11,85396-4%
Kemp Mill, MD11,85013232%
Beachwood, OH11,85512121%
Wells Branch, TX11,85295-5%
Source: The Wells Branch, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.