| Index | Gatesville | Texas | National |
| Cost of living | 88 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 101 | 98 | 100 |
| Housing | 63 | 83 | 100 |
| Transportation | 96 | 98 | 100 |
| Utilities | 105 | 103 | 100 |
| Lifestyle & Entertainment | 102 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 95 | 98 | 100 |
Getting a feel for the cost of living in Gatesville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Gatesville is 88, which is 12% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 6 locals to understand their opinions on the cost of living in Gatesville. The results indicated that 50% found it reasonably priced with decreasing prices of goods and services, while 50% viewed it as quite expensive, with increasing prices.
Wondering if Gatesville 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 Gatesville, for example, the median home price is 44.5% lower than what folks pay nationally, and monthly rent is 19.9% lower than the usual rates. Plus, income levels matter too, with Gatesville boasting a median household income of $67,535, which is 17% lower than the national average.
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 Gatesville, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Gatesville, the utilities index is 4.8% higher than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
The Gatesville 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 | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $81,849 | $6,821 | $1,910 | $2,456 |
| Renters | $40,308 | $3,359 | $940 | $1,209 |
| 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. |
| Oglesby, TX | 628 | 85 | 15.4% |
| South Mountain, TX | 451 | 89 | 10.8% |
| Gatesville, TX | 13,875 | 88 | 11.6% |
| City | Population | Cost of Living Index | National Avg. |
| Shiloh, IL | 13,870 | 103 | 3.2% |
| Ardmore, PA | 13,882 | 126 | 25.5% |
| Soddy-Daisy, TN | 13,883 | 93 | 6.9% |
| Dardenne Prairie, MO | 13,884 | 114 | 14.2% |
| Levelland, TX | 13,885 | 87 | 13.1% |
| Gatesville, TX | 13,875 | 88 | 11.6% |
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