An Overview of Cost of Living in Duncanville, TX
Are you thinking about relocating, but curious about the potential cost of living in Duncanville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Duncanville stands at 103, making it 3% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
In Duncanville, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Duncanville will resemble that of an average city, contributing to a manageable cost of living.
What Do Locals Say About the Cost of Living in Duncanville?
The real experts on a city are its residents. That's why we reached out to 19 locals to get their views on the cost of living in Duncanville. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 58% found it budget-friendly with decreasing prices, while 42% said it's simply not affordable as prices have continued to rise.
Is Duncanville Affordable?
Wondering if Duncanville is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Duncanville, for example, the median home price is 10.8% lower than what folks pay nationally, and monthly rent is 30.7% higher than the usual rates. Plus, income levels matter too, with Duncanville boasting a median household income of $57,614, which is 4.1% higher than the national average.
What Factors can Influence the Cost of Living in Duncanville?
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Duncanville, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 0%.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Duncanville, the groceries index is 0.1% higher than the national average.
Where is the Data From?
The Duncanville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.
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