Leon Valley cost of living index

A general summary of the cost of living index in Leon Valley, TX is shown above. Compared to the state average of Texas the cost of living index in Leon Valley, TX is 90, which is 1% lower than the average in Texas and compared to the national average it is 10% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Leon Valley, TX goods and services come in at 3% higher than the average in Texas and are 4% lower than compared to the nationwide average.

Find Real Estate Listings In Leon Valley

New Real Estate Listings In Leon Valley

Real Estate Listings In Leon Valley

The best places in Texas

Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Leon Valley, 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 Leon Valley, TX, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Leon Valley, 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

One can approximate the cost of living and the housing affordability in Leon Valley, 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 Leon Valley, TX have a median income of $72,560. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,693 per month to avoid calamity and poverty. The renters in the city have an income of about $37,578, which would make their monthly maximum allowable rental costs $877.

Texas Sales Tax

Texas Income Tax

When you are determining the total cost of living in Leon Valley, TX you will want to make sure you consider both the Texas sales tax and the Texas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Texas is 6.25%, with the highest surtax being 8.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Texas have a range from 0% to 0%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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

Cities with similar population

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