Whitesboro 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.
IndexWhitesboroTexasNational
Cost of living index8091100
IndexWhitesboroTexasNational
Goods & Services index8997100
Groceries index9190100
Health care index8796100
Housing index5681100
Transportation index10495100
Utilities index8194100
An overview of the general cost of living index for Whitesboro, TX is displayed above for your reference. Residents in Whitesboro, TX enjoy a cost of living index of 80. This index is 12% lower than the Texas average, and 20% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Whitesboro, TX, the average cost of goods and services is 9% lower than it is in Texas, and it is 12% lower than the national average.

Did you know?

  • The cost of living in Whitesboro is 12% lower than the Texas average.
  • The cost of living in Whitesboro is 20% lower than the national average.
  • The cost of housing in Whitesboro is 44% 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 Whitesboro, TX Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Whitesboro, 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 Whitesboro, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Whitesboro, 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$47,101$3,925$1,099$1,413
Renters$35,401$2,950$826$1,062
The affordability of the housing market in Whitesboro, TX as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Whitesboro, TX homeowners, the median income is $47,101. This indicates that a monthly maximum of $1,099 should be spent by homeowners on all housing related costs. Renters have a median income of $35,401. This indicates that renters should have a maximum of $826 used for their rent related monthly costs.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When you are determining the total cost of living in Whitesboro, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

ItemWhitesboroNational avg.Difference
Haircut $12.50$14.5914.3%
Beauty Salon $23.50$34.6832.2%
Toothpaste $2.39$2.473.4%
Shampoo $1.09$1.026.7%
Movie $8.75$9.8711.3%
Bowling $4.00$4.398.9%

Groceries

ItemWhitesboroNational avg.Difference
Ground Beef $3.60$4.4819.6%
Fried Chicken $1.08$1.4626.2%
Milk $3.36$2.3642.6%
Potatoes $3.30$3.067.8%
Pizza $9.99$9.248.1%
Beer $8.50$8.631.5%

Health Care

ItemWhitesboroNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $85.00$105.0319.1%
Dentist $75.00$88.7015.4%
Ibuprofen $9.59$9.411.9%
Lipitor $272.49$298.508.7%

Housing

ItemWhitesboroNational avg.Difference
Home Price $85,200.00$175,700.0051.5%
Avg. Mortgage Payment $815.00$1,081.0324.6%
Apartment Rent $688.00$920.0025.2%

Transportation

ItemWhitesboroNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $58.00$45.2928.1%

Utilities

ItemWhitesboroNational avg.Difference
All Electricity$129.85$170.8024.0%
Phone $24.95$28.2611.7%
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.
Thackerville, OK42473-27%
Sadler, TX37976-24%
Sherwood Shores, TX1,06979-21%
Southmayd, TX89580-20%
Callisburg, TX36681-19%
Whitesboro, TX3,82980-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hardwick, GA3,82879-21%
Sneads Ferry, NC3,8301022%
Lancaster, WI3,83094-6%
Bagdad, FL3,82788-12%
Coquille, OR3,8311055%
Whitesboro, TX3,82980-20%
Source: The Whitesboro, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.