A+
0%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
5%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Hewitt Texas National
Cost of living10092100
Goods & Services10096100
Groceries9396100
Health care9194100
Housing10583100
Transportation9192100
Utilities109104100

An Overview of Cost of Living in Hewitt, TX

Getting a feel for the cost of living in Hewitt 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 Hewitt is 100, which is 0% equal to 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.

Everyday expenditures like food, housing, goods and services, transportation and health care in Hewitt are priced in a manner consistent with other areas. This means that residents of Hewitt can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Hewitt Affordable?

Is Hewitt an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Hewitt, the median home price is 5.3% lower than what most folks pay across the country, and monthly rent prices are 29% higher than the usual rates. Income levels in Hewitt come in at $71,096, which is 28.5% higher than the national average.

What Factors can Influence the Cost of Living in Hewitt?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Hewitt, the healthcare costs are 8.7% lower than the national average.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Hewitt, the utilities index registers 9.2% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The cost of living in Hewitt, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Hewitt is 8% higher than the Texas average
  • The cost of living in Hewitt is equal to the national average
  • Hewitt housing is 5% higher 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

Most Affordable Places to Live in and Around Hewitt

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Compare Hewitt, TX Cost of Living

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$85,621$7,135$1,998$2,569
      Renters$44,964$3,747$1,049$1,349
      The affordability of the housing market in Hewitt, TX as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Hewitt homeowners, the median income is $85,621. This indicates that a monthly maximum of $1,998 should be spent by homeowners on all housing related costs. Renters have a median income of $44,964. This indicates that renters would have a maximum of $1,049 for their rent related monthly costs.

      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 Hewitt National avg. Difference
      Haircut $18.64$24.2623.2%
      Beauty Salon $40.42$45.5611.3%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.06$1.2817.2%
      Movie $9.61$12.1320.8%
      Bowling $18.50$18.002.8%

      Groceries

      Item Hewitt National avg. Difference
      Ground Beef $5.43$5.847.0%
      Fried Chicken $1.58$1.570.3%
      Milk $4.60$4.671.5%
      Potatoes $4.55$4.937.9%
      Pizza $12.51$12.093.5%
      Beer $10.32$10.410.9%

      Health Care

      Item Hewitt National avg. Difference
      Optometrist $106.87$125.6815.0%
      Doctor $106.77$135.7821.4%
      Dentist $108.56$113.294.2%
      Ibuprofen $10.16$10.654.6%
      Lipitor $491.03$468.604.8%

      Housing

      Item Hewitt National avg. Difference
      Home Price $174,900.00$184,700.005.3%
      Avg. Mortgage Payment $1,893.18$2,346.6919.3%
      Apartment Rent $1,224.00$949.0029.0%

      Transportation

      Item Hewitt National avg. Difference
      Gasoline $3.10$3.4610.5%
      Tire Balancing $56.70$59.925.4%

      Utilities

      Item Hewitt National avg. Difference
      All Electricity $212.69$193.999.6%
      Phone $207.96$192.258.2%
      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.
      Chilton, TX6718020.0%
      Bellmead, TX10,7638515.2%
      Moody, TX1,5258218.1%
      Beverly Hills, TX2,1828514.6%
      Golinda, TX6568712.6%
      Hewitt, TX14,7051000.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Franklin Park, PA14,70113030.2%
      Lynden, WA14,70013433.8%
      Mount Washington, KY14,699972.7%
      Carthage, MO14,6998316.8%
      Bradley Gardens, NJ14,71414848.3%
      Hewitt, TX14,7051000.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.