Saginaw, Texas Cost Of Living

Buy Rent

C

2%

Overall NAT. AVG.

5%

Goods & Services NAT. AVG.

14%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Saginaw	Texas	National
Cost of living	98	92	100
Goods & Services	105	97	100
Groceries	100	91	100
Health care	96	95	100
Housing	86	83	100
Transportation	93	94	100
Utilities	110	103	100

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Key findings

The cost of living in Saginaw is 6% higher than the Texas average
The cost of living in Saginaw is 2% lower than the national average
Saginaw housing is 14% lower 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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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	$89,151	$7,429	$2,080	$2,675
Renters	$48,306	$4,026	$1,127	$1,449

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Saginaw, TX, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Saginaw, homeowners have a median income of $89,151. Using that number, a maximum of $2,080 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $48,306, which means there is a maximum of $1,127 to be spent on the costs of renting a home or apartment.

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	Saginaw	National avg.	Difference
Haircut	$29.60	$20.27	46.0%
Beauty Salon	$63.06	$40.39	56.1%
Toothpaste	$2.16	$2.36	8.4%
Shampoo	$1.26	$1.08	17.1%
Movie	$11.00	$10.99	0.1%
Bowling	$19.20	$15.49	23.9%

Groceries

Item	Saginaw	National avg.	Difference
Ground Beef	$4.55	$4.30	5.9%
Fried Chicken	$1.45	$1.40	3.9%
Milk	$2.01	$2.20	8.6%
Potatoes	$3.19	$3.22	0.9%
Pizza	$10.15	$10.74	5.5%
Beer	$9.56	$9.60	0.4%

Health Care

Item	Saginaw	National avg.	Difference
Optometrist	$97.41	$109.73	11.2%
Doctor	$92.61	$118.34	21.7%
Dentist	$106.16	$100.94	5.2%
Ibuprofen	$9.92	$9.93	0.1%
Lipitor	$468.95	$469.53	0.1%

Housing

Item	Saginaw	National avg.	Difference
Home Price	$130,000.00	$184,700.00	29.6%
Avg. Mortgage Payment	$939.06	$1,229.62	23.6%
Apartment Rent	$1,174.00	$949.00	23.7%

Transportation

Item	Saginaw	National avg.	Difference
Gasoline	$2.45	$2.71	9.7%
Tire Balancing	$50.46	$51.86	2.7%

Utilities

Item	Saginaw	National avg.	Difference
All Electricity	$201.01	$170.84	17.7%
Phone	$188.11	$187.18	0.5%

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.
Pelican Bay, TX	1,739	84	16.1%
Lakeside town (San Patricio County), TX	307	86	14.4%
Sansom Park, TX	4,819	87	12.6%
White Settlement, TX	16,886	88	12.0%
Newark, TX	1,192	90	10.4%
Saginaw, TX	21,680	98	2.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Tumwater, WA	21,684	113	13.2%
Farragut, TN	21,690	110	9.6%
Kiryas Joel, NY	21,665	136	36.1%
Lumberton, NC	21,646	83	16.7%
Venice, FL	21,722	108	8.1%
Saginaw, TX	21,680	98	2.4%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.