Wells 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.
IndexWellsTexasNational
Cost of living index7790100
IndexWellsTexasNational
Goods & Services index9894100
Groceries index9289100
Health care index9395100
Housing index2981100
Transportation index8993100
Utilities index11795100

Did you know?

  • The cost of living in Wells is 14% lower than the Texas average.
  • The cost of living in Wells is 23% lower than the national average.
  • The cost of housing in Wells is 71% 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$32,250$2,688$752$968
Renters$23,594$1,966$550$708

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%

Goods & Services

ItemWellsNational avg.Difference
Haircut $15.39$15.561.1%
Beauty Salon $34.67$36.114.0%
Toothpaste $2.00$2.4719.2%
Shampoo $0.82$0.9615.4%
Movie $10.28$10.131.5%
Bowling $5.00$4.745.6%

Groceries

ItemWellsNational avg.Difference
Ground Beef $3.82$3.984.0%
Fried Chicken $1.24$1.4111.6%
Milk $1.80$2.0612.9%
Potatoes $2.79$2.986.4%
Pizza $8.00$9.4715.6%
Beer $8.99$8.792.2%

Health Care

ItemWellsNational avg.Difference
Optometrist $102.33$101.041.3%
Doctor $99.56$107.447.3%
Dentist $79.56$90.4212.0%
Ibuprofen $8.11$9.2812.6%
Lipitor $428.97$426.500.6%

Housing

ItemWellsNational avg.Difference
Home Price $31,400.00$175,700.0082.1%
Avg. Mortgage Payment $940.52$1,133.2317.0%
Apartment Rent $506.00$920.0045.0%

Transportation

ItemWellsNational avg.Difference
Gasoline $1.78$1.9910.7%
Tire Balancing $39.78$45.7613.1%

Utilities

ItemWellsNational avg.Difference
All Electricity$164.29$163.810.3%
Phone $40.01$28.3940.9%
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.
Kennard, TX43279-21%
Alto, TX1,32381-19%
Redland, TX96781-19%
Hudson, TX4,75887-13%
Lufkin, TX35,75487-13%
Wells, TX1,05777-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sheffield, IA1,05781-19%
Fruitdale, OR1,0571066%
South Point, TX1,05772-28%
Howard, CO1,0571022%
Kearney Park, MS1,05782-18%
Wells, TX1,05777-23%
Source: The Wells, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.