Midland 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.
IndexMidlandTexasNational
Cost of living index10391100
IndexMidlandTexasNational
Goods & Services index10893100
Groceries index8891100
Health care index9396100
Housing index10583100
Transportation index10994100
Utilities index95100100
Displayed above is a general overview of the Midland, TX cost of living index. The overall cost of living index in Midland, TX is 103, which is 13% higher than the Texas average and 3% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Midland, TX are 16% higher than the Texas average and 8% higher than the national average.
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Did you know?

  • The cost of living in Midland is 13% higher than the Texas average.
  • The cost of living in Midland is 3% higher than the national average.
  • The cost of housing in Midland is 5% 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 Midland, TX Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Midland, TX would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Midland, TX, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Midland, TX salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$87,547$7,296$2,043$2,627
Renters$51,204$4,267$1,195$1,536
If you want to find a good determining factor for the cost of living and the general affordability of housing in Midland, TX, all you must look at 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 Midland, TX, the median monthly income is $87,547 for those who own their own homes. Under the standard rule, that income level would allow for $2,043 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $51,204, per the median income in the area. That would allow for renters to spend up to $1,195 on monthly rental expenses.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When assessing the complete cost of living in Midland, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

Goods & Services

ItemMidlandNational avg.Difference
Haircut $16.56$16.092.9%
Beauty Salon $36.33$37.332.7%
Toothpaste $1.60$2.4534.5%
Shampoo $0.84$1.0016.0%
Movie $10.27$10.280.1%
Bowling $7.75$4.9357.1%

Groceries

ItemMidlandNational avg.Difference
Ground Beef $3.32$3.8012.6%
Fried Chicken $1.07$1.4023.2%
Milk $1.89$2.015.9%
Potatoes $1.96$3.0135.0%
Pizza $11.74$9.8918.8%
Beer $8.89$8.900.1%

Health Care

ItemMidlandNational avg.Difference
Optometrist $114.40$102.1612.0%
Doctor $86.67$108.3620.0%
Dentist $85.56$92.537.5%
Ibuprofen $8.64$9.286.8%
Lipitor $451.31$425.826.0%

Housing

ItemMidlandNational avg.Difference
Home Price $182,300.00$184,700.001.3%
Avg. Mortgage Payment $903.39$1,202.4424.9%
Apartment Rent $1,143.00$949.0020.4%

Transportation

ItemMidlandNational avg.Difference
Gasoline $2.15$2.244.1%
Tire Balancing $62.89$46.2935.9%

Utilities

ItemMidlandNational avg.Difference
All Electricity$170.49$165.962.7%
Phone $24.95$28.6813.0%
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.
Midland, TX128,0511033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Elizabeth, NJ128,04211818%
Roseville, CA128,27613030%
Denton, TX128,42191-9%
Coral Springs, FL127,67311919%
Gainesville, FL128,61095-5%
Midland, TX128,0511033%
Source: The Midland, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.