| Index | Alice | Texas | National |
| Cost of living | 86 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 99 | 98 | 100 |
| Housing | 55 | 83 | 100 |
| Transportation | 101 | 98 | 100 |
| Utilities | 105 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 104 | 98 | 100 |
Getting a feel for the cost of living in Alice is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Alice is 86, which is 14% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Alice distinguishes itself by reporting housing expenses that are 45.1% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Alice can allocate more of their income to housing, enhancing their financial flexibility.
Is Alice an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Alice is 57.2% lower than the national average, while the average monthly rent prices are 16.8% lower than average. The affordability of any location can also be influenced by median income levels. Alice has a median household income of $60,233, which is 25.9% lower than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Alice starts at 6.25% and the income tax rates start at 0%.
The Alice cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $87,151 | $7,263 | $2,033 | $2,615 |
| Renters | $40,067 | $3,339 | $935 | $1,202 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Owl Ranch, TX | 298 | 100 | 0.1% |
| Westdale, TX | 96 | 100 | 0.1% |
| Loma Linda East, TX | 126 | 100 | 0.1% |
| South La Paloma, TX | 400 | 100 | 0.1% |
| Loma Linda East CDP (Starr County), TX | 0 | 100 | 0.1% |
| Alice, TX | 19,399 | 86 | 13.6% |
| City | Population | Cost of Living Index | National Avg. |
| Woodcrest, CA | 19,397 | 157 | 57.5% |
| Alsip, IL | 19,392 | 99 | 1.2% |
| Lexington, NC | 19,386 | 89 | 11.3% |
| Cimarron Hills, CO | 19,384 | 113 | 13.1% |
| Altamont, OR | 19,415 | 101 | 1.3% |
| Alice, TX | 19,399 | 86 | 13.6% |
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