Abilene, Texas Cost Of Living

A+

11%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

36%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Abilene	Texas	National
Cost of living	89	92	100
Goods & Services	97	97	100
Groceries	93	91	100
Health care	102	95	100
Housing	64	83	100
Transportation	100	94	100
Utilities	110	103	100

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Cost Of Living Quick Facts

The cost of living in Abilene is 4% lower than the Texas average
The cost of living in Abilene is 11% lower than the national average
Abilene housing is 36% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,341	$4,862	$1,361	$1,750
Renters	$32,334	$2,695	$754	$970

A good way to judge both the affordability of the housing and the cost of living in Abilene is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Abilene has a median income of about $58,341 for people who own homes. Based on that number, a maximum of $1,361 should be spent on expenses related to housing. Renters have a slightly different median income, which is $32,334. Based on this average, renters should spend no more than $754 on all rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Abilene	National avg.	Difference
Haircut	$23.17	$20.27	14.3%
Beauty Salon	$41.56	$40.39	2.9%
Toothpaste	$2.05	$2.36	13.0%
Shampoo	$1.07	$1.08	0.3%
Movie	$11.07	$10.99	0.8%
Bowling	$13.50	$15.49	12.9%

Groceries

Item	Abilene	National avg.	Difference
Ground Beef	$4.25	$4.30	1.1%
Fried Chicken	$1.14	$1.40	18.5%
Milk	$2.33	$2.20	5.9%
Potatoes	$2.39	$3.22	25.7%
Pizza	$10.49	$10.74	2.3%
Beer	$10.06	$9.60	4.8%

Health Care

Item	Abilene	National avg.	Difference
Optometrist	$154.22	$109.73	40.6%
Doctor	$110.83	$118.34	6.3%
Dentist	$106.72	$100.94	5.7%
Ibuprofen	$9.99	$9.93	0.6%
Lipitor	$392.64	$469.53	16.4%

Housing

Item	Abilene	National avg.	Difference
Home Price	$101,500.00	$184,700.00	45.0%
Avg. Mortgage Payment	$968.95	$1,229.62	21.2%
Apartment Rent	$816.00	$949.00	14.0%

Transportation

Item	Abilene	National avg.	Difference
Gasoline	$2.43	$2.71	10.3%
Tire Balancing	$61.29	$51.86	18.2%

Utilities

Item	Abilene	National avg.	Difference
All Electricity	$200.34	$170.84	17.3%
Phone	$188.86	$187.18	0.9%

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	Population	Cost of Living Index	National Avg.
Impact, TX	52	99	1.0%
Tye, TX	1,063	82	18.0%
Hawley, TX	721	84	16.0%
Clyde, TX	3,752	87	12.7%
Buffalo Gap, TX	468	89	11.3%
Abilene, TX	122,612	89	11.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Santa Clara, CA	122,725	190	89.6%
Murfreesboro, TN	122,007	97	2.6%
Victorville, CA	121,320	106	5.9%
East Los Angeles, CA	124,191	127	26.7%
Hartford, CT	124,320	105	5.4%
Abilene, TX	122,612	89	11.4%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.