Yoakum 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.
IndexYoakumTexasNational
Cost of living index7791100
IndexYoakumTexasNational
Goods & Services index9497100
Groceries index9090100
Health care index9596100
Housing index4381100
Transportation index8995100
Utilities index8794100
The above illustration supplies generalized information for the Yoakum, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Yoakum, TX is 77, which is 15% lower than the Texas average and 23% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Yoakum, TX are 4% lower than the average for Texas and 7% lower than the rest of the country.

Did you know?

  • The cost of living in Yoakum is 15% lower than the Texas average.
  • The cost of living in Yoakum is 23% lower than the national average.
  • The cost of housing in Yoakum is 57% 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.

Find Real Estate Listings In Yoakum

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Yoakum

Compare Yoakum, 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 Yoakum, 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 Yoakum, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Yoakum, 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$42,220$3,518$985$1,267
Renters$30,236$2,520$705$907
One can approximate the cost of living and the housing affordability in Yoakum, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Yoakum, TX have a median income of $42,220. Therefore, the amount that a consumer should spend on housing costs should be no more than $985 per month to avoid calamity and poverty. The renters in the city have an income of about $30,236, which would make their monthly maximum allowable rental costs $705.

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 Yoakum, 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

ItemYoakumNational avg.Difference
Haircut $13.40$14.598.2%
Beauty Salon $26.00$34.6825.0%
Toothpaste $2.84$2.4714.8%
Shampoo $0.92$1.0210.0%
Movie $7.50$9.8724.0%
Bowling $4.39$4.390.0%

Groceries

ItemYoakumNational avg.Difference
Ground Beef $4.21$4.486.0%
Fried Chicken $1.44$1.461.6%
Milk $2.32$2.361.6%
Potatoes $2.54$3.0617.0%
Pizza $8.99$9.242.7%
Beer $8.39$8.632.8%

Health Care

ItemYoakumNational avg.Difference
Optometrist $101.25$99.781.5%
Doctor $85.00$105.0319.1%
Dentist $83.20$88.706.2%
Ibuprofen $8.86$9.415.9%
Lipitor $330.57$298.5010.7%

Housing

ItemYoakumNational avg.Difference
Home Price $61,400.00$175,700.0065.1%
Avg. Mortgage Payment $924.00$1,081.0314.5%
Apartment Rent $569.00$920.0038.2%

Transportation

ItemYoakumNational avg.Difference
Gasoline $1.90$2.099.1%
Tire Balancing $37.00$45.2918.3%

Utilities

ItemYoakumNational avg.Difference
All Electricity$147.39$170.8013.7%
Phone $25.00$28.2611.5%
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.
Cuero, TX6,97979-21%
Hallettsville, TX2,56980-20%
Shiner, TX2,08381-19%
Yoakum, TX5,54077-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Buckner, KY5,53911919%
Pelham Manor, NY5,539206106%
Cumming, GA5,5381011%
Chester, SC5,54383-17%
Germantown, OH5,54593-7%
Yoakum, TX5,54077-23%
Source: The Yoakum, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.