Cost Of Living in Lakehills, TX

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A+

1%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

14%

Housing NAT. AVG.

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	Lakehills	Texas	National
Cost of living	101	92	100
Goods & Services	99	96	100
Groceries	95	96	100
Health care	105	94	100
Housing	114	83	100
Transportation	93	92	100
Utilities	85	104	100

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Cost Of Living Quick Facts

The cost of living in Lakehills is 9% higher than the Texas average
The cost of living in Lakehills is 1% higher than the national average
Lakehills housing is 14% 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

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$63,920	$5,327	$1,491	$1,918
Renters	$65,682	$5,474	$1,532	$1,971

A good indicator of the general affordability of housing in Lakehills, TX, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Lakehills, the median monthly income is $63,920 for those who own their own homes. Under the standard rule, that income level would allow for $1,491 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $65,682, per the median income in the area. That would allow for renters to spend up to $1,532 on monthly rental expenses.

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	Lakehills	National avg.	Difference
Haircut	$20.78	$24.26	14.4%
Beauty Salon	$43.67	$45.56	4.2%
Toothpaste	$3.60	$3.70	2.7%
Shampoo	$1.06	$1.28	17.2%
Movie	$9.50	$12.13	21.7%
Bowling	$13.70	$18.00	23.9%

Groceries

Item	Lakehills	National avg.	Difference
Ground Beef	$4.93	$5.84	15.6%
Fried Chicken	$1.57	$1.57	0.1%
Milk	$4.57	$4.67	2.2%
Potatoes	$4.55	$4.93	7.7%
Pizza	$11.32	$12.09	6.3%
Beer	$10.50	$10.41	0.8%

Health Care

Item	Lakehills	National avg.	Difference
Optometrist	$132.00	$125.68	5.0%
Doctor	$171.14	$135.78	26.0%
Dentist	$108.33	$113.29	4.4%
Ibuprofen	$10.16	$10.65	4.7%
Lipitor	$481.60	$468.60	2.8%

Housing

Item	Lakehills	National avg.	Difference
Home Price	$195,600.00	$184,700.00	5.9%
Avg. Mortgage Payment	$1,951.07	$2,346.69	16.9%
Apartment Rent	$1,246.00	$949.00	31.3%

Transportation

Item	Lakehills	National avg.	Difference
Gasoline	$3.03	$3.46	12.4%
Tire Balancing	$57.20	$59.92	4.5%

Utilities

Item	Lakehills	National avg.	Difference
All Electricity	$217.71	$193.99	12.2%
Phone	$201.97	$192.25	5.1%

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.
Lake Medina Shores, TX	1,185	80	20.0%
Bandera, TX	671	93	7.2%
Boerne, TX	16,909	114	14.3%
Helotes, TX	9,525	123	22.5%
Lakehills, TX	5,116	101	1.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Salisbury, MA	5,116	137	37.3%
Chamberlayne, VA	5,116	108	8.1%
Grandwood Park, IL	5,114	115	15.5%
Hugo, OK	5,114	91	9.4%
Kenneth City, FL	5,119	97	2.6%
Lakehills, TX	5,116	101	1.1%