| Index | Denison | Texas | National |
| Cost of living | 90 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 101 | 98 | 100 |
| Housing | 71 | 83 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 100 | 103 | 100 |
| Lifestyle & Entertainment | 100 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 96 | 98 | 100 |
Understanding the cost of living in Denison can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Denison cost of living index is 90, which is 10% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Locals have the inside scoop on their city. So, we polled 5 residents in Denison to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 40% find it reasonable with decreasing prices, but 60% think it's quite pricey, with prices that continue to rise.
Is Denison affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Denison, for instance, where the median home price falls 39.3% lower than the national average, and monthly rent rates are 6.4% lower than usual. Additionally, median income levels contribute to the equation, with Denison flaunting a median household income of $74,347, 8.6% lower than the national norm.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Denison, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Denison, the groceries index is 2.9% lower than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Denison, the transportation index is 2.7% lower than the national average.
The Denison cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $91,685 | $7,640 | $2,139 | $2,751 |
| Renters | $52,036 | $4,336 | $1,214 | $1,561 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| New Woodville, OK | 52 | 98 | 1.7% |
| Platter, OK | 157 | 98 | 1.7% |
| Hendrix, OK | 85 | 80 | 20.4% |
| Cartwright, OK | 500 | 80 | 20.0% |
| Achille, OK | 384 | 82 | 17.9% |
| Denison, TX | 25,349 | 90 | 10.0% |
| City | Population | Cost of Living Index | National Avg. |
| Willowbrook, CA | 25,347 | 136 | 36.0% |
| Candler-McAfee, GA | 25,351 | 97 | 3.2% |
| Westmont, IL | 25,356 | 116 | 16.3% |
| Candiac, QC | 25,341 | n/a | |
| Inkster, MI | 25,333 | 82 | 17.5% |
| Denison, TX | 25,349 | 90 | 10.0% |
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