Highland Village cost of living index

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexHighland VillageTexasNational
Cost of living12491100
IndexHighland VillageTexasNational
Goods & Services11095100
Groceries9790100
Health care7897100
Housing17183100
Transportation9794100
Utilities109102100

Key findings

  • The cost of living in Highland Village is 36% higher than the Texas average
  • The cost of living in Highland Village is 24% higher than the national average
  • Highland Village housing is 71% higher 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

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Compare Highland Village, TX Cost of Living To Other Cities

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      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$143,136$11,928$3,340$4,295
      Renters$46,513$3,876$1,085$1,396
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Highland Village, TX, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Highland Village homeowners, is $143,136. This would allow for a maximum of $3,340 per month to be spent on housing costs. For renters, the median monthly income is $46,513 which would result in a maximum of $1,085 to be spent on rental costs.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%

      Goods & Services

      ItemHighland VillageNational avg.Difference
      Haircut $19.00$17.498.6%
      Beauty Salon $55.30$38.1744.9%
      Toothpaste $2.00$2.3213.8%
      Shampoo $1.12$1.0110.7%
      Movie $11.50$10.727.2%
      Bowling $21.67$13.8656.3%

      Groceries

      ItemHighland VillageNational avg.Difference
      Ground Beef $4.36$3.9011.8%
      Fried Chicken $1.59$1.4013.9%
      Milk $1.79$1.968.8%
      Potatoes $3.14$3.181.4%
      Pizza $10.84$10.394.3%
      Beer $9.86$9.236.8%

      Health Care

      ItemHighland VillageNational avg.Difference
      Optometrist $125.00$106.3417.6%
      Doctor $64.00$115.2544.5%
      Dentist $87.00$98.3811.6%
      Ibuprofen $8.65$9.266.6%
      Lipitor $310.02$466.4733.5%

      Housing

      ItemHighland VillageNational avg.Difference
      Home Price $303,000.00$184,700.0064.0%
      Avg. Mortgage Payment $1,658.91$1,273.3230.3%
      Apartment Rent $1,782.00$949.0087.8%

      Transportation

      ItemHighland VillageNational avg.Difference
      Gasoline $2.47$2.594.6%
      Tire Balancing $49.70$48.901.6%

      Utilities

      ItemHighland VillageNational avg.Difference
      All Electricity$192.55$167.6014.9%
      Phone $182.64$163.4211.8%
      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.
      Corral City, TX1498-2%
      Lincoln Park, TX19175-25%
      Bristol, TX37284-16%
      Aubrey, TX3,00290-10%
      Lake Dallas, TX7,5751000%
      Highland Village, TX16,02012424%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Clayton, MO16,03414343%
      Easthampton Town, MA16,04211212%
      Brunswick, GA15,99783-17%
      Crawfordsville, IN15,99685-15%
      Cedar Mill, OR15,99314747%
      Highland Village, TX16,02012424%
      Source: The Highland Village, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.