Gladewater cost of living index

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.
IndexGladewaterTexasNational
Cost of living index8691100
IndexGladewaterTexasNational
Goods & Services index9795100
Groceries index9390100
Health care index8997100
Housing index6583100
Transportation index9694100
Utilities index92102100
An overview of the general cost of living index for Gladewater, TX is displayed above for your reference. Residents in Gladewater, TX enjoy a cost of living index of 86. This index is 6% lower than the Texas average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Gladewater, TX, the average cost of goods and services is 2% higher than it is in Texas, and it is 4% lower than the national average.
How would you rate the cost of living in Gladewater?
Write a review to give others more information about this area.
Is the cost of living increasing or decreasing in Gladewater?
Write a review to give others more information about this area.
See all Gladewater poll results

Did you know?

  • The cost of living in Gladewater is 6% lower than the Texas average.
  • The cost of living in Gladewater is 14% lower than the national average.
  • The cost of housing in Gladewater is 35% 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 Gladewater, TX Cost of living To Other Cities

      vs

      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 allows you to compare how much your current salary in Gladewater, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Gladewater, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Gladewater, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$60,750$5,063$1,417$1,823
      Renters$19,543$1,629$456$586
      The affordability of the housing market in Gladewater, TX as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Gladewater, TX homeowners, the median income is $60,750. This indicates that a monthly maximum of $1,417 should be spent by homeowners on all housing related costs. Renters have a median income of $19,543. This indicates that renters should have a maximum of $456 used for their rent related monthly costs.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%
      When assessing the complete cost of living in Gladewater, 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

      ItemGladewaterNational avg.Difference
      Haircut $16.50$17.495.7%
      Beauty Salon $39.17$38.172.6%
      Toothpaste $2.11$2.329.1%
      Shampoo $1.06$1.014.8%
      Movie $10.04$10.726.4%
      Bowling $14.00$13.861.0%

      Groceries

      ItemGladewaterNational avg.Difference
      Ground Beef $3.45$3.9011.5%
      Fried Chicken $1.21$1.4013.3%
      Milk $1.63$1.9616.9%
      Potatoes $2.52$3.1820.8%
      Pizza $8.22$10.3920.9%
      Beer $9.75$9.235.6%

      Health Care

      ItemGladewaterNational avg.Difference
      Optometrist $103.06$106.343.1%
      Doctor $84.75$115.2526.5%
      Dentist $85.67$98.3812.9%
      Ibuprofen $9.15$9.261.2%
      Lipitor $491.74$466.475.4%

      Housing

      ItemGladewaterNational avg.Difference
      Home Price $101,500.00$184,700.0045.0%
      Avg. Mortgage Payment $1,132.30$1,273.3211.1%
      Apartment Rent $824.00$949.0013.2%

      Transportation

      ItemGladewaterNational avg.Difference
      Gasoline $2.44$2.595.8%
      Tire Balancing $49.42$48.901.1%

      Utilities

      ItemGladewaterNational avg.Difference
      All Electricity$143.10$167.6014.6%
      Phone $181.89$163.4211.3%
      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, StatePopulationCost of Living IndexNational Avg.
      Big Sandy, TX2,03185-15%
      Gilmer, TX5,14883-17%
      Union Grove, TX34683-17%
      Winona, TX76286-14%
      Hawkins, TX1,24787-13%
      Gladewater, TX6,40786-14%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Sidney, MT6,4071011%
      Farr West, UT6,4061044%
      Bartonville, IL6,40691-9%
      Blue Bell, PA6,40313838%
      Quantico Base, VA6,40213232%
      Gladewater, TX6,40786-14%
      Source: The Gladewater, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.