Cost Of Living in Midway North, TX

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A+

22%

Overall NAT. AVG.

13%

Goods & Services NAT. AVG.

50%

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	Midway North	Texas	National
Cost of living	78	92	100
Goods & Services	88	96	100
Groceries	91	96	100
Health care	76	94	100
Housing	50	83	100
Transportation	91	92	100
Utilities	106	104	100

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Cost Of Living Quick Facts

The cost of living in Midway North is 15% lower than the Texas average
The cost of living in Midway North is 22% lower than the national average
Midway North housing is 50% 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

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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	$49,554	$4,130	$1,156	$1,487
Renters	$26,902	$2,242	$628	$807

A good way to judge both the affordability of the housing and the cost of living in Midway North 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. Midway North has a median income of about $49,554 for people who own homes. Based on that number, a maximum of $1,156 should be spent on expenses related to housing. Renters have a slightly different median income, which is $26,902. Based on this average, renters should spend no more than $628 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	Midway North	National avg.	Difference
Haircut	$17.78	$24.26	26.7%
Beauty Salon	$30.94	$45.56	32.1%
Toothpaste	$3.40	$3.70	8.2%
Shampoo	$1.05	$1.28	18.0%
Movie	$11.98	$12.13	1.3%
Bowling	$20.00	$18.00	11.1%

Groceries

Item	Midway North	National avg.	Difference
Ground Beef	$5.77	$5.84	1.1%
Fried Chicken	$1.41	$1.57	10.1%
Milk	$4.51	$4.67	3.5%
Potatoes	$4.84	$4.93	2.0%
Pizza	$11.29	$12.09	6.6%
Beer	$10.29	$10.41	1.2%

Health Care

Item	Midway North	National avg.	Difference
Optometrist	$115.00	$125.68	8.5%
Doctor	$119.56	$135.78	11.9%
Dentist	$113.53	$113.29	0.2%
Ibuprofen	$10.25	$10.65	3.8%
Lipitor	$465.59	$468.60	0.6%

Housing

Item	Midway North	National avg.	Difference
Home Price	$83,000.00	$184,700.00	55.1%
Avg. Mortgage Payment	$1,864.04	$2,346.69	20.6%
Apartment Rent	$572.00	$949.00	39.7%

Transportation

Item	Midway North	National avg.	Difference
Gasoline	$3.16	$3.46	8.7%
Tire Balancing	$54.06	$59.92	9.8%

Utilities

Item	Midway North	National avg.	Difference
All Electricity	$221.71	$193.99	14.3%
Phone	$208.71	$192.25	8.6%

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.
Evergreen, TX	39	91	9.3%
Ratamosa, TX	99	85	15.5%
Relampago, TX	387	85	15.5%
Solis, TX	638	85	15.5%
Campo Verde, TX	169	91	9.3%
Midway North, TX	3,967	78	21.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Richwood, NJ	3,967	138	38.5%
High Point, FL	3,966	86	14.0%
Fort Gibson, OK	3,966	84	15.9%
Coronita, CA	3,968	143	42.9%
Fulton, MS	3,968	83	16.9%
Midway North, TX	3,967	78	21.7%