| Index | Granbury | Texas | National |
| Cost of living | 105 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 119 | 83 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 106 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 102 | 98 | 100 |
The cost of living in Granbury affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Granbury is 105, which is 5% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Granbury closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Granbury can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Is Granbury affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Granbury, the median home price is 21.2% higher than the national average and monthly rent prices are 12.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Granbury boasting a median household income of $80,073, 1.5% lower than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Granbury starts at 6.25% and the income tax rates start at 0%.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Granbury, the groceries index registers 2.6% lower than the national average.
The Granbury 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 | $132,689 | $11,057 | $3,096 | $3,981 |
| Renters | $43,026 | $3,586 | $1,004 | $1,291 |
| 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. |
| Western Lake, TX | 528 | 74 | 26.4% |
| Oak Trail Shores, TX | 2,803 | 85 | 15.3% |
| Lipan, TX | 507 | 87 | 12.9% |
| Canyon Creek, TX | 989 | 89 | 10.8% |
| Cresson, TX | 1,023 | 94 | 6.2% |
| Granbury, TX | 10,690 | 105 | 4.6% |
| City | Population | Cost of Living Index | National Avg. |
| Vidalia, GA | 10,687 | 89 | 10.8% |
| Sainte-Agathe-des-Monts, QC | 10,693 | n/a | |
| Arizona City, AZ | 10,694 | 94 | 5.8% |
| Melvindale, MI | 10,685 | 86 | 14.1% |
| Progress Village, FL | 10,684 | 109 | 9.0% |
| Granbury, TX | 10,690 | 105 | 4.6% |
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