Brady 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.
Cost of living index7991100
Goods & Services index9195100
Groceries index8790100
Health care index10797100
Housing index4583100
Transportation index9394100
Utilities index109102100
An overview of the general cost of living index for Brady, TX is displayed above for your reference. Residents in Brady, TX enjoy a cost of living index of 79. This index is 13% lower than the Texas average, and 21% 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 Brady, TX, the average cost of goods and services is 4% lower than it is in Texas, and it is 9% lower than the national average.
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Did you know?

  • The cost of living in Brady is 13% lower than the Texas average.
  • The cost of living in Brady is 21% lower than the national average.
  • The cost of housing in Brady is 55% 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 Brady, 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
      The salary calculator is used in order to provide a comparison of your current salary in Brady, TX to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Brady, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Brady, TX salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      The affordability of the housing market in Brady, TX as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Brady, TX homeowners, the median income is $49,375. This indicates that a monthly maximum of $1,152 should be spent by homeowners on all housing related costs. Renters have a median income of $23,851. This indicates that renters should have a maximum of $556 used for their rent related monthly costs.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      For those who live in Brady, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

      Goods & Services

      ItemBradyNational avg.Difference
      Haircut $17.50$17.490.1%
      Beauty Salon $41.75$38.179.4%
      Toothpaste $2.33$2.320.4%
      Shampoo $0.81$1.0120.0%
      Movie $10.10$10.725.8%
      Bowling $14.50$13.864.6%


      ItemBradyNational avg.Difference
      Ground Beef $3.18$3.9018.5%
      Fried Chicken $1.03$1.4026.2%
      Milk $1.50$1.9623.6%
      Potatoes $3.00$3.185.7%
      Pizza $8.28$10.3920.3%
      Beer $9.68$9.234.9%

      Health Care

      ItemBradyNational avg.Difference
      Optometrist $140.00$106.3431.7%
      Doctor $121.60$115.255.5%
      Dentist $98.50$98.380.1%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $574.19$466.4723.1%


      ItemBradyNational avg.Difference
      Home Price $64,300.00$184,700.0065.2%
      Avg. Mortgage Payment $1,025.09$1,273.3219.5%
      Apartment Rent $665.00$949.0029.9%


      ItemBradyNational avg.Difference
      Gasoline $2.46$2.595.2%
      Tire Balancing $45.60$48.906.7%


      ItemBradyNational avg.Difference
      All Electricity$195.10$167.6016.4%
      Phone $182.64$163.4211.8%
      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, StatePopulationCost of Living IndexNational Avg.
      Melvin, TX20970-30%
      Brady, TX5,48279-21%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Wake Village, TX5,48184-16%
      Carrollton, VA5,48111313%
      Buckner, KY5,48011717%
      Lexington, OH5,48487-13%
      Lee Acres, NM5,47988-12%
      Brady, TX5,48279-21%
      Source: The Brady, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.