Balch Springs, Texas Cost Of Living

A+

9%

Overall NAT. AVG.

11%

Goods & Services NAT. AVG.

40%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Balch Springs	Texas	National
Cost of living	91	92	100
Goods & Services	111	97	100
Groceries	95	90	100
Health care	113	95	100
Housing	60	83	100
Transportation	86	93	100
Utilities	114	103	100

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Cost Of Living Quick Facts

The cost of living in Balch Springs is equal to the Texas average
The cost of living in Balch Springs is 9% lower than the national average
Balch Springs housing is 40% 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	$63,777	$5,315	$1,488	$1,914
Renters	$42,594	$3,550	$994	$1,278

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Balch Springs, TX, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Balch Springs, homeowners have a median income of $63,777. Using that number, a maximum of $1,488 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $42,594, which means there is a maximum of $994 to be spent on the costs of renting a home or apartment.

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	Balch Springs	National avg.	Difference
Haircut	$30.00	$22.08	35.9%
Beauty Salon	$64.32	$42.88	50.0%
Toothpaste	$2.51	$2.57	2.3%
Shampoo	$1.09	$1.15	5.5%
Movie	$13.70	$11.51	19.1%
Bowling	$19.79	$16.62	19.1%

Groceries

Item	Balch Springs	National avg.	Difference
Ground Beef	$4.55	$4.98	8.7%
Fried Chicken	$1.26	$1.58	20.7%
Milk	$2.34	$2.42	3.4%
Potatoes	$3.41	$3.54	3.7%
Pizza	$10.59	$11.49	7.8%
Beer	$10.73	$10.04	6.9%

Health Care

Item	Balch Springs	National avg.	Difference
Optometrist	$139.62	$117.76	18.6%
Doctor	$141.13	$125.34	12.6%
Dentist	$129.77	$107.52	20.7%
Ibuprofen	$9.80	$10.26	4.5%
Lipitor	$472.55	$459.24	2.9%

Housing

Item	Balch Springs	National avg.	Difference
Home Price	$120,000.00	$184,700.00	35.0%
Avg. Mortgage Payment	$1,554.92	$1,697.41	8.4%
Apartment Rent	$1,024.00	$949.00	7.9%

Transportation

Item	Balch Springs	National avg.	Difference
Gasoline	$3.39	$3.85	11.8%
Tire Balancing	$46.38	$57.01	18.7%

Utilities

Item	Balch Springs	National avg.	Difference
All Electricity	$215.79	$177.27	21.7%
Phone	$196.79	$189.62	3.8%

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.
Mobile City, TX	206	90	10.5%
Mesquite CDP, TX	629	86	14.3%
Wilmer, TX	4,698	87	13.2%
Hutchins, TX	5,804	90	10.3%
Ferris, TX	2,842	90	9.9%
Balch Springs, TX	25,123	91	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
South Salt Lake, UT	25,125	99	0.7%
Riverside, OH	25,127	86	13.8%
Bloomingdale, FL	25,132	108	7.8%
Ridgewood, NJ	25,110	177	77.0%
North Tustin, CA	25,147	193	92.7%
Balch Springs, TX	25,123	91	8.6%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.