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.
A general overview of the cost of living index for Cockrell Hill, TX is displayed above. In Cockrell Hill, TX, the overall cost of living index is 87, which is 4% lower than the Texas average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Cockrell Hill, TX, the city's goods and services are 10% higher than the Texas average and 2% higher than the U.S. average.
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Did you know?
The cost of living in Cockrell Hill is 4% lower than the Texas average.
The cost of living in Cockrell Hill is 13% lower than the national average.
The cost of housing in Cockrell Hill is 44% 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 Cockrell Hill, 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 meant to help you compare your salary in Cockrell Hill, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Cockrell Hill, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Cockrell Hill, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.
Median Income & Debt-To-Income Ratio
Median Income
Per Year
Per Month
Max Budget (28% DTI)
Max Budget (36% DTI)
Owners
$51,548
$4,296
$1,203
$1,547
Renters
$29,318
$2,443
$684
$880
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Cockrell Hill, 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 Cockrell Hill, TX homeowners have a median income of $51,548. Using that number, you will come up with a maximum of $1,203 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,318, which means there is a maximum of $684 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%
When assessing the complete cost of living in Cockrell Hill, 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
Item
Cockrell Hill
National avg.
Difference
Haircut
$24.91
$16.09
54.9%
Beauty Salon
$44.84
$37.33
20.1%
Toothpaste
$2.36
$2.45
3.4%
Shampoo
$1.27
$1.00
26.6%
Movie
$10.58
$10.28
2.9%
Bowling
$6.63
$4.93
34.4%
Groceries
Item
Cockrell Hill
National avg.
Difference
Ground Beef
$3.86
$3.80
1.4%
Fried Chicken
$1.49
$1.40
6.9%
Milk
$1.90
$2.01
5.2%
Potatoes
$3.31
$3.01
10.0%
Pizza
$9.15
$9.89
7.4%
Beer
$8.73
$8.90
1.9%
Health Care
Item
Cockrell Hill
National avg.
Difference
Optometrist
$109.38
$102.16
7.1%
Doctor
$106.11
$108.36
2.1%
Dentist
$96.42
$92.53
4.2%
Ibuprofen
$8.87
$9.28
4.4%
Lipitor
$428.97
$425.82
0.7%
Housing
Item
Cockrell Hill
National avg.
Difference
Home Price
$84,200.00
$184,700.00
54.4%
Avg. Mortgage Payment
$1,158.00
$1,202.44
3.7%
Apartment Rent
$768.00
$949.00
19.1%
Transportation
Item
Cockrell Hill
National avg.
Difference
Gasoline
$2.09
$2.24
7.1%
Tire Balancing
$52.22
$46.29
12.8%
Utilities
Item
Cockrell Hill
National avg.
Difference
All Electricity
$182.84
$165.96
10.2%
Phone
$28.15
$28.68
1.9%
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.
