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.
An overview of the general cost of living index for San Angelo, TX is displayed above for your reference. Residents in San Angelo, TX enjoy a cost of living index of 90. This index is 1% lower than the Texas average, and 10% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in San Angelo, TX, the average cost of goods and services is 4% higher than it is in Texas, and it is 3% lower than the national average.
Find Real Estate Listings
New Real Estate Listings In San Angelo
Did you know?
The cost of living in San Angelo is 1% lower than the Texas average.
The cost of living in San Angelo is 10% lower than the national average.
The cost of housing in San Angelo is 32% 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.
Compare San Angelo, TX Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is meant to help you compare your salary in San Angelo, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in San Angelo, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the San Angelo, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in San Angelo, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. San Angelo, TX has a median income of about $58,747 for people who own homes. Based on that number, a person should spend a maximum of $1,371 on expenses related to housing. Renters have a slightly different median income, which is $31,598. Based on this average, renters should spend no more than $737 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Texas Sales Tax
General Sales Tax
With Max Surtax
Texas Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in San Angelo, TX, it's important to take into account the sales tax for Texas, as well as the rate for income tax in Texas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Texas is 8.25%, and the sales tax in the state of Texas is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Texas starts from 0% and goes up to 0%.
Goods & Services
Avg. Mortgage Payment
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.