Granbury 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.
Cost of living index9491100
Goods & Services index9193100
Groceries index9891100
Health care index9596100
Housing index9283100
Transportation index9794100
Utilities index99100100
Displayed above is a general overview of the Granbury, TX cost of living index. The overall cost of living index in Granbury, TX is 94, which is 4% higher than the Texas average and 6% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Granbury, TX are 3% lower than the Texas average and 9% lower than the national average.
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Did you know?

  • The cost of living in Granbury is 4% higher than the Texas average.
  • The cost of living in Granbury is 6% lower than the national average.
  • The cost of housing in Granbury is 8% 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 Granbury, TX Cost of living To Other Cities

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 is used in order to provide a comparison of your current salary in Granbury, TX to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Granbury, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Granbury, TX salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Granbury, TX, as well as what the average cost of living is. 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 payment and not more than 36 percent of income on all expenses and debts. In Granbury, TX homeowners have a median income of $67,309. Using that number, you will come up with a maximum of $1,570 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $32,754, which means there is a maximum of $764 to be spent on the costs of renting a home or apartment.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Granbury, 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

ItemGranburyNational avg.Difference
Haircut $15.61$16.093.0%
Beauty Salon $34.32$37.338.1%
Toothpaste $2.15$2.4512.0%
Shampoo $1.01$1.000.7%
Movie $9.09$10.2811.6%
Bowling $3.02$4.9338.8%


ItemGranburyNational avg.Difference
Ground Beef $3.91$3.802.7%
Fried Chicken $1.40$1.400.3%
Milk $1.71$2.0114.8%
Potatoes $2.63$3.0112.6%
Pizza $9.26$9.896.3%
Beer $9.09$8.902.2%

Health Care

ItemGranburyNational avg.Difference
Optometrist $67.75$102.1633.7%
Doctor $79.48$108.3626.7%
Dentist $109.08$92.5317.9%
Ibuprofen $9.07$9.282.2%
Lipitor $400.01$425.826.1%


ItemGranburyNational avg.Difference
Home Price $167,300.00$184,700.009.4%
Avg. Mortgage Payment $808.62$1,202.4432.8%
Apartment Rent $915.00$949.003.6%


ItemGranburyNational avg.Difference
Gasoline $2.08$2.247.5%
Tire Balancing $49.59$46.297.1%


ItemGranburyNational avg.Difference
All Electricity$147.79$165.9611.0%
Phone $31.92$28.6811.3%
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.
Western Lake, TX98274-26%
Canyon Creek, TX1,44576-24%
Oak Trail Shores, TX3,25678-22%
Lipan, TX49284-16%
Glen Rose, TX2,55586-14%
Granbury, TX9,05294-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tuskegee, AL9,05084-16%
Sheffield Lake, OH9,05595-5%
Mayo, MD9,04815151%
Alcoa, TN9,05881-19%
Laurens, SC9,04686-14%
Granbury, TX9,05294-6%
Source: The Granbury, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.
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