Burkburnett 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.
IndexBurkburnettTexasNational
Cost of living index8291100
IndexBurkburnettTexasNational
Goods & Services index8895100
Groceries index8690100
Health care index10097100
Housing index6283100
Transportation index8694100
Utilities index103102100
Here we can see a simple outline of the cost of living in Burkburnett, TX. As you can see, with the average cost of living in Burkburnett, TX being 82, that puts it 10% lower than the average of Texas and 18% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Burkburnett, TX, the price of goods and services are 7% lower than the average of Texas as well as 12% lower than the nation's average.
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Did you know?

  • The cost of living in Burkburnett is 10% lower than the Texas average.
  • The cost of living in Burkburnett is 18% lower than the national average.
  • The cost of housing in Burkburnett is 38% 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 Burkburnett, 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 income in Burkburnett, TX to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Burkburnett, TX, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Burkburnett, TX salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$59,066$4,922$1,378$1,772
      Renters$40,654$3,388$949$1,220
      If you want to find a good determining factor for the cost of living and the general affordability of housing in Burkburnett, TX, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Burkburnett, TX, the median monthly income is $59,066 for those who own their own homes. Under the standard rule, that income level would allow for $1,378 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,654, per the median income in the area. That would allow for renters to spend up to $949 on monthly rental expenses.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%
      When assessing the complete cost of living in Burkburnett, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

      Goods & Services

      ItemBurkburnettNational avg.Difference
      Haircut $11.99$17.4931.4%
      Beauty Salon $25.99$38.1731.9%
      Toothpaste $1.96$2.3215.6%
      Shampoo $0.78$1.0122.9%
      Movie $10.55$10.721.6%
      Bowling $11.00$13.8620.6%

      Groceries

      ItemBurkburnettNational avg.Difference
      Ground Beef $2.31$3.9040.8%
      Fried Chicken $0.97$1.4030.5%
      Milk $1.67$1.9614.9%
      Potatoes $2.47$3.1822.4%
      Pizza $9.19$10.3911.6%
      Beer $8.77$9.235.0%

      Health Care

      ItemBurkburnettNational avg.Difference
      Optometrist $120.00$106.3412.8%
      Doctor $102.50$115.2511.1%
      Dentist $104.00$98.385.7%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $508.67$466.479.0%

      Housing

      ItemBurkburnettNational avg.Difference
      Home Price $94,900.00$184,700.0048.6%
      Avg. Mortgage Payment $1,198.18$1,273.325.9%
      Apartment Rent $823.00$949.0013.3%

      Transportation

      ItemBurkburnettNational avg.Difference
      Gasoline $2.34$2.599.7%
      Tire Balancing $40.00$48.9018.2%

      Utilities

      ItemBurkburnettNational avg.Difference
      All Electricity$175.02$167.604.4%
      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.
      Devol, OK13773-27%
      Grandfield, OK93675-25%
      Randlett, OK34377-23%
      Iowa Park, TX6,39080-20%
      Wichita Falls, TX105,01381-19%
      Burkburnett, TX11,04682-18%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Ontario, OR11,04589-11%
      Riverton, WY11,04496-4%
      Londonderry, NH11,04911818%
      Ironton, OH11,04983-17%
      Newport East, RI11,04212424%
      Burkburnett, TX11,04682-18%
      Source: The Burkburnett, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.