Elgin, Texas Cost Of Living

A+

11%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

29%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Elgin	Texas	National
Cost of living	89	92	100
Goods & Services	101	97	100
Groceries	92	91	100
Health care	105	95	100
Housing	71	83	100
Transportation	86	94	100
Utilities	95	103	100

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Cost Of Living Quick Facts

The cost of living in Elgin is 3% lower than the Texas average
The cost of living in Elgin is 11% lower than the national average
Elgin housing is 29% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$57,568	$4,797	$1,343	$1,727
Renters	$32,813	$2,734	$766	$984

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Elgin, TX, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Elgin, homeowners have a median income of $57,568. Using that number, a maximum of $1,343 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,813, which means there is a maximum of $766 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%

Goods & Services

Item	Elgin	National avg.	Difference
Haircut	$27.95	$20.27	37.9%
Beauty Salon	$49.66	$40.39	22.9%
Toothpaste	$2.15	$2.36	8.7%
Shampoo	$0.95	$1.08	11.7%
Movie	$12.14	$10.99	10.5%
Bowling	$17.87	$15.49	15.3%

Groceries

Item	Elgin	National avg.	Difference
Ground Beef	$3.27	$4.30	23.8%
Fried Chicken	$1.15	$1.40	18.1%
Milk	$1.98	$2.20	10.0%
Potatoes	$3.65	$3.22	13.4%
Pizza	$11.33	$10.74	5.5%
Beer	$10.08	$9.60	5.0%

Health Care

Item	Elgin	National avg.	Difference
Optometrist	$118.24	$109.73	7.8%
Doctor	$111.36	$118.34	5.9%
Dentist	$119.12	$100.94	18.0%
Ibuprofen	$8.79	$9.93	11.5%
Lipitor	$473.25	$469.53	0.8%

Housing

Item	Elgin	National avg.	Difference
Home Price	$108,300.00	$184,700.00	41.4%
Avg. Mortgage Payment	$1,287.23	$1,229.62	4.7%
Apartment Rent	$962.00	$949.00	1.4%

Transportation

Item	Elgin	National avg.	Difference
Gasoline	$2.39	$2.71	11.8%
Tire Balancing	$43.10	$51.86	16.9%

Utilities

Item	Elgin	National avg.	Difference
All Electricity	$155.01	$170.84	9.3%
Phone	$188.86	$187.18	0.9%

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.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Camp Swift, TX	6,550	85	15.3%
Garfield, TX	1,663	86	14.3%
McDade, TX	805	89	10.5%
Webberville, TX	529	92	7.9%
Hornsby Bend, TX	7,520	94	5.7%
Elgin, TX	8,756	89	11.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rotonda, FL	8,755	106	6.2%
Helena Valley West Central, MT	8,753	99	1.3%
Socorro, NM	8,760	86	14.2%
Shelby, OH	8,751	85	15.1%
South Amboy, NJ	8,762	116	15.9%
Elgin, TX	8,756	89	11.0%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.