Cost Of Living in Pecan Plantation, TX

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B+

17%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

48%

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	Pecan Plantation	Texas	National
Cost of living	117	92	100
Goods & Services	108	96	100
Groceries	100	96	100
Health care	108	94	100
Housing	148	83	100
Transportation	89	92	100
Utilities	111	104	100

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Cost Of Living Quick Facts

The cost of living in Pecan Plantation is 27% higher than the Texas average
The cost of living in Pecan Plantation is 17% higher than the national average
Pecan Plantation housing is 48% 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	$106,415	$8,868	$2,483	$3,193
Renters	$82,696	$6,891	$1,929	$2,481

To approximate the cost of living and the housing affordability in Pecan Plantation, TX, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Pecan Plantation have a median income of $106,415. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,483 per month to avoid calamity and poverty. The renters in the city have an income of about $82,696, which would make their monthly maximum allowable rental costs $1,929.

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	Pecan Plantation	National avg.	Difference
Haircut	$33.29	$24.26	37.2%
Beauty Salon	$65.85	$45.56	44.5%
Toothpaste	$3.57	$3.70	3.6%
Shampoo	$1.30	$1.28	1.3%
Movie	$14.60	$12.13	20.3%
Bowling	$24.53	$18.00	36.3%

Groceries

Item	Pecan Plantation	National avg.	Difference
Ground Beef	$5.23	$5.84	10.4%
Fried Chicken	$1.74	$1.57	10.8%
Milk	$4.65	$4.67	0.5%
Potatoes	$4.93	$4.93	0.0%
Pizza	$11.30	$12.09	6.5%
Beer	$10.93	$10.41	5.0%

Health Care

Item	Pecan Plantation	National avg.	Difference
Optometrist	$143.73	$125.68	14.4%
Doctor	$140.69	$135.78	3.6%
Dentist	$130.53	$113.29	15.2%
Ibuprofen	$10.62	$10.65	0.3%
Lipitor	$499.87	$468.60	6.7%

Housing

Item	Pecan Plantation	National avg.	Difference
Home Price	$273,500.00	$184,700.00	48.1%
Avg. Mortgage Payment	$2,258.00	$2,346.69	3.8%
Apartment Rent	$1,409.00	$949.00	48.5%

Transportation

Item	Pecan Plantation	National avg.	Difference
Gasoline	$3.09	$3.46	10.7%
Tire Balancing	$52.04	$59.92	13.2%

Utilities

Item	Pecan Plantation	National avg.	Difference
All Electricity	$219.02	$193.99	12.9%
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.
Oak Trail Shores, TX	2,698	89	11.3%
Canyon Creek, TX	952	94	6.2%
Cleburne, TX	30,812	97	2.8%
Cresson, TX	993	97	2.6%
Glen Rose, TX	2,653	94	5.7%
Pecan Plantation, TX	6,627	117	17.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bermuda Dunes, CA	6,626	135	35.1%
Litchfield, IL	6,626	81	19.1%
Norwich, NY	6,629	94	5.8%
Folcroft, PA	6,629	97	3.1%
Fox Point, WI	6,623	122	21.9%
Pecan Plantation, TX	6,627	117	17.4%