Alvarado 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.
IndexAlvaradoTexasNational
Cost of living index8791100
IndexAlvaradoTexasNational
Goods & Services index9695100
Groceries index9390100
Health care index10297100
Housing index6083100
Transportation index10094100
Utilities index107102100
An overview of the general cost of living index for Alvarado, TX is displayed above for your reference. Residents in Alvarado, TX enjoy a cost of living index of 87. This index is 5% lower than the Texas average, and 13% 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 Alvarado, TX, the average cost of goods and services is 1% higher than it is in Texas, and it is 4% lower than the national average.
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Did you know?

  • The cost of living in Alvarado is 5% lower than the Texas average.
  • The cost of living in Alvarado is 13% lower than the national average.
  • The cost of housing in Alvarado is 40% 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.

Compare Alvarado, TX Cost of living To Other Cities

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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
      Use the salary calculator to compare your current salary in Alvarado, TX to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Alvarado, TX, then you would need to earn more income in order to maintain the same standard of living. To use the Alvarado, TX salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$60,652$5,054$1,415$1,820
      Renters$22,961$1,913$536$689
      How much of your monthly income goes to housing can tell you whether or not you can afford housing in Alvarado, TX, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Alvarado, TX homeowners have a median income of $60,652. Using that number, you will come up with a maximum of $1,415 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,961, which means there is a maximum of $536 to be spent on the costs of renting a home or apartment.

      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 Alvarado, 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

      ItemAlvaradoNational avg.Difference
      Haircut $23.71$17.4935.6%
      Beauty Salon $47.33$38.1724.0%
      Toothpaste $2.82$2.3221.5%
      Shampoo $1.03$1.011.8%
      Movie $10.29$10.724.0%
      Bowling $20.60$13.8648.6%

      Groceries

      ItemAlvaradoNational avg.Difference
      Ground Beef $4.82$3.9023.6%
      Fried Chicken $1.53$1.409.6%
      Milk $1.45$1.9626.1%
      Potatoes $2.57$3.1819.3%
      Pizza $8.12$10.3921.9%
      Beer $8.98$9.232.7%

      Health Care

      ItemAlvaradoNational avg.Difference
      Optometrist $101.60$106.344.5%
      Doctor $107.10$115.257.1%
      Dentist $107.40$98.389.2%
      Ibuprofen $10.30$9.2611.2%
      Lipitor $465.03$466.470.3%

      Housing

      ItemAlvaradoNational avg.Difference
      Home Price $92,200.00$184,700.0050.1%
      Avg. Mortgage Payment $951.15$1,273.3225.3%
      Apartment Rent $795.00$949.0016.2%

      Transportation

      ItemAlvaradoNational avg.Difference
      Gasoline $2.50$2.593.6%
      Tire Balancing $54.00$48.9010.4%

      Utilities

      ItemAlvaradoNational avg.Difference
      All Electricity$188.08$167.6012.2%
      Phone $181.89$163.4211.3%
      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.
      Grandview, TX1,87986-14%
      Rio Vista, TX1,01387-13%
      Venus, TX3,21187-13%
      Cleburne, TX29,75988-12%
      Keene, TX6,14789-11%
      Alvarado, TX3,86387-13%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Farmerville, LA3,86377-23%
      Bosque Farms, NM3,86397-3%
      Madill, OK3,86484-16%
      Nichols Hills, OK3,86414545%
      Reminderville, OH3,8621022%
      Alvarado, TX3,86387-13%
      Source: The Alvarado, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.