A+
11%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
23%
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 Horizon City Texas National
Cost of living8992100
Goods & Services9496100
Groceries9696100
Health care8994100
Housing7783100
Transportation10392100
Utilities88104100

An Overview of Cost of Living in Horizon City, TX

Getting a feel for the cost of living in Horizon City 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 Horizon City is 89, which is 11% lower than 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.

Is Horizon City Affordable?

Is Horizon City 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 Horizon City, the median home price is 35.2% lower than what most folks pay across the country, and monthly rent prices are 4.7% higher than the usual rates. Income levels in Horizon City come in at $55,667, which is 0.6% higher than the national average.

What Factors can Influence the Cost of Living in Horizon City?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Horizon City, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 0%.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Horizon City, the housing index comes in at 23.2% lower than the national average.

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Horizon City, the groceries index is 3.6% lower than the national average.

Where is the Data From?

The cost of living data in Horizon City displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Horizon City is 4% lower than the Texas average
  • The cost of living in Horizon City is 11% lower than the national average
  • Horizon City housing is 23% lower 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 Horizon City

See all the best places to live around Horizon City

Compare Horizon City, 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$59,251$4,938$1,382$1,778
      Renters$38,625$3,219$901$1,159
      A good way to judge both the affordability of the housing and the cost of living in Horizon City is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Horizon City has a median income of about $59,251 for people who own homes. Based on that number, a maximum of $1,382 should be spent on expenses related to housing. Renters have a slightly different median income, which is $38,625. Based on this average, renters should spend no more than $901 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Horizon City National avg. Difference
      Haircut $18.67$24.2623.1%
      Beauty Salon $38.94$45.5614.5%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.21$1.285.8%
      Movie $9.50$12.1321.7%
      Bowling $11.67$18.0035.2%

      Groceries

      Item Horizon City National avg. Difference
      Ground Beef $5.68$5.842.8%
      Fried Chicken $1.57$1.570.2%
      Milk $4.53$4.673.0%
      Potatoes $4.55$4.937.9%
      Pizza $9.66$12.0920.1%
      Beer $10.31$10.410.9%

      Health Care

      Item Horizon City National avg. Difference
      Optometrist $72.61$125.6842.2%
      Doctor $96.89$135.7828.6%
      Dentist $90.94$113.2919.7%
      Ibuprofen $10.30$10.653.3%
      Lipitor $483.94$468.603.3%

      Housing

      Item Horizon City National avg. Difference
      Home Price $119,600.00$184,700.0035.2%
      Avg. Mortgage Payment $1,603.62$2,346.6931.7%
      Apartment Rent $994.00$949.004.7%

      Transportation

      Item Horizon City National avg. Difference
      Gasoline $2.97$3.4614.3%
      Tire Balancing $45.89$59.9223.4%

      Utilities

      Item Horizon City National avg. Difference
      All Electricity $197.18$193.991.6%
      Phone $208.71$192.258.6%
      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.
      Butterfield, TX607030.2%
      Fabens, TX4,4627821.6%
      Morning Glory, TX5057921.1%
      Agua Dulce city, TX8408020.2%
      Homestead Meadows South, TX6,1638119.4%
      Horizon City, TX19,6458910.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Bourbonnais, IL19,639973.5%
      Oroville, CA19,6591088.3%
      Hauppauge, NY19,66115656.3%
      Baldwin, PA19,667955.1%
      Meadowbrook, VA19,6751043.6%
      Horizon City, TX19,6458910.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.