Cost Of Living in New Home, TX

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A+

7%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

22%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	New Home	Texas	National
Cost of living	93	94	100
Groceries	97	98	100
Health care	96	98	100
Housing	78	83	100
Transportation	103	98	100
Utilities	103	103	100
Lifestyle & Entertainment	95	98	100
Household Items	96	98	100
Education & Childcare	103	98	100

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Homes For Sale In New Home, TX

309 Juniper

New Home, TX

327 Hiracheta Dr

Wilson, TX

214 Smith Ave

Wilson, TX

Lot 24 Deuce of Hearts Rd RD

New Home, TX

Cost Of Living Quick Facts

The cost of living in New Home is 2% lower than the Texas average
The cost of living in New Home is 7% lower than the national average
New Home housing is 22% 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
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$114,072	$9,506	$2,662	$3,423
Renters	$70,942	$5,912	$1,655	$2,128

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%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Ropesville, TX	451	84	16.0%
Tahoka, TX	2,723	86	14.1%
Wilson, TX	371	86	13.9%
Wolfforth, TX	5,300	103	3.4%
Ransom Canyon, TX	924	108	8.3%
New Home, TX	686	93	7.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Stonington, IL	686	87	13.3%
Bowmans Addition, MD	686	97	2.7%
Waynesfield, OH	686	85	15.1%
Blair, OK	686	81	18.5%
Deweyville, TX	686	86	14.2%
New Home, TX	686	93	7.4%