An Overview of Cost of Living in Brushy Creek, TX
The cost of living in Brushy Creek affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Brushy Creek is 118, which is 18% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing costs are a major factor in the Brushy Creek cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 73.3% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
As grocery prices continue to rise at a staggering rate, finding cities with affordable food can be a struggle. Luckily, Brushy Creek boasts a grocery index that is 8.7% below the national average, ensuring that you can enjoy more affordable groceries compared to many other cities across the country.
Is Brushy Creek Affordable?
Is Brushy Creek affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Brushy Creek, the median home price is 70.3% higher than the national average and monthly rent prices are 80.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Brushy Creek boasting a median household income of $116,621, 110.8% higher than the national average.
What Factors can Influence the Cost of Living in Brushy Creek?
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Brushy Creek comes in at 10% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Brushy Creek, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 0%.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Brushy Creek, healthcare costs are 13.7% lower than the national average.
Where is the Data From?
The cost of living in Brushy Creek, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.
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