Jersey Village, TX Cost Of Living

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Jersey Village 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.
Index	Jersey Village	Texas	National
Cost of living index	101	91	100
Index	Jersey Village	Texas	National
Goods & Services index	95	93	100
Groceries index	87	91	100
Health care index	91	96	100
Housing index	113	83	100
Transportation index	97	94	100
Utilities index	111	100	100

The above illustration supplies generalized information for the Jersey Village, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Jersey Village, TX is 101, which is 11% higher than the Texas average and 1% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Jersey Village, TX are 1% higher than the average for Texas and 6% lower than the rest of the country.

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Did you know?

The cost of living in Jersey Village is 11% higher than the Texas average.
The cost of living in Jersey Village is 1% higher than the national average.
The cost of housing in Jersey Village is 13% 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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Salary Calculator

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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

The salary calculator is used in order to provide a comparison of your current salary in Jersey Village, 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 Jersey Village, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Jersey Village, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$101,996	$8,500	$2,380	$3,060
Renters	$41,470	$3,456	$968	$1,244

One can approximate the cost of living and the housing affordability in Jersey Village, TX by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Jersey Village, TX have a median income of $101,996. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,380 per month to avoid calamity and poverty. The renters in the city have an income of about $41,470, which would make their monthly maximum allowable rental costs $968.

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%

For those who live in Jersey Village, TX and want to know what the true cost of living is, they ought to look at both the Texas income tax rate and the Texas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Texas, the sales tax is 6.25%, while the most you'll pay in surtax is 8.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Texas, the income tax rate ranges between 0% to 0%.

Goods & Services

Item	Jersey Village	National avg.	Difference
Haircut	$18.56	$16.09	15.4%
Beauty Salon	$49.70	$37.33	33.1%
Toothpaste	$2.24	$2.45	8.3%
Shampoo	$0.79	$1.00	21.4%
Movie	$11.17	$10.28	8.7%
Bowling	$5.97	$4.93	21.0%

Groceries

Item	Jersey Village	National avg.	Difference
Ground Beef	$3.41	$3.80	10.3%
Fried Chicken	$1.04	$1.40	25.8%
Milk	$1.55	$2.01	23.0%
Potatoes	$2.61	$3.01	13.3%
Pizza	$8.36	$9.89	15.4%
Beer	$8.78	$8.90	1.3%

Health Care

Item	Jersey Village	National avg.	Difference
Optometrist	$106.05	$102.16	3.8%
Doctor	$80.33	$108.36	25.9%
Dentist	$92.07	$92.53	0.5%
Ibuprofen	$8.55	$9.28	7.9%
Lipitor	$410.51	$425.82	3.6%

Housing

Item	Jersey Village	National avg.	Difference
Home Price	$216,600.00	$184,700.00	17.3%
Avg. Mortgage Payment	$1,146.28	$1,202.44	4.7%
Apartment Rent	$992.00	$949.00	4.5%

Transportation

Item	Jersey Village	National avg.	Difference
Gasoline	$2.09	$2.24	6.7%
Tire Balancing	$49.16	$46.29	6.2%

Utilities

Item	Jersey Village	National avg.	Difference
All Electricity	$185.04	$165.96	11.5%
Phone	$31.67	$28.68	10.4%

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, State	Population	Cost of Living Index	National Avg.
Aldine, TX	14,867	84	-16%
Houston, TX	2,240,582	91	-9%
Spring, TX	58,608	94	-6%
Mission Bend, TX	37,334	93	-7%
Tomball, TX	11,353	97	-3%
Jersey Village, TX	7,871	101	1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Marion, NC	7,873	84	-16%
Woodlawn CDP (Prince George's County), MD	7,873	108	8%
Belgrade, MT	7,874	98	-2%
Thousand Palms, CA	7,875	106	6%
Stayton, OR	7,875	107	7%
Jersey Village, TX	7,871	101	1%

Source: The Jersey Village, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Jersey Village, TX Cost of Living