Scenic Oaks, Texas Cost Of Living

Buy Rent

F

Overall 21%

Goods & Services 2%

Housing 77%

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	Scenic Oaks	Texas	National
Cost of living	121	92	100
Goods & Services	102	97	100
Groceries	90	91	100
Health care	93	95	100
Housing	177	83	100
Transportation	95	94	100
Utilities	89	103	100

Key findings

The cost of living in Scenic Oaks is 31% higher than the Texas average
The cost of living in Scenic Oaks is 21% higher than the national average
Scenic Oaks housing is 77% higher 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	$132,500	$11,042	$3,091	$3,975
Renters	$0	$0	$0	$0

A good way to judge both the affordability of the housing and the cost of living in Scenic Oaks 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. Scenic Oaks has a median income of about $132,500 for people who own homes. Based on that number, a maximum of $3,091 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 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	Scenic Oaks	National avg.	Difference
Haircut	$26.67	$20.27	31.6%
Beauty Salon	$49.97	$40.39	23.7%
Toothpaste	$2.54	$2.36	7.7%
Shampoo	$1.02	$1.08	4.9%
Movie	$10.85	$10.99	1.2%
Bowling	$19.99	$15.49	29.1%

Groceries

Item	Scenic Oaks	National avg.	Difference
Ground Beef	$3.69	$4.30	14.2%
Fried Chicken	$1.00	$1.40	28.8%
Milk	$2.06	$2.20	6.6%
Potatoes	$2.41	$3.22	25.1%
Pizza	$10.11	$10.74	5.9%
Beer	$9.45	$9.60	1.5%

Health Care

Item	Scenic Oaks	National avg.	Difference
Optometrist	$101.55	$109.73	7.4%
Doctor	$110.51	$118.34	6.6%
Dentist	$91.49	$100.94	9.4%
Ibuprofen	$9.27	$9.93	6.6%
Lipitor	$457.44	$469.53	2.6%

Housing

Item	Scenic Oaks	National avg.	Difference
Home Price	$340,700.00	$184,700.00	84.5%
Avg. Mortgage Payment	$857.09	$1,229.62	30.3%
Apartment Rent	$1,516.00	$949.00	59.7%

Transportation

Item	Scenic Oaks	National avg.	Difference
Gasoline	$2.27	$2.71	16.1%
Tire Balancing	$58.59	$51.86	13.0%

Utilities

Item	Scenic Oaks	National avg.	Difference
All Electricity	$136.97	$170.84	19.8%
Phone	$187.73	$187.18	0.3%

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.
Balcones Heights, TX	3,017	85	14.5%
Leon Valley, TX	10,990	93	7.2%
Boerne, TX	13,066	104	3.5%
Castle Hills, TX	4,367	106	6.1%
Helotes, TX	8,329	109	9.1%
Scenic Oaks, TX	5,870	121	20.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sunnyvale, TX	5,871	129	29.3%
Lewistown, MT	5,868	85	15.5%
Finley, WA	5,872	101	0.6%
DeFuniak Springs, FL	5,873	90	10.4%
Tequesta, FL	5,873	118	18.0%
Scenic Oaks, TX	5,870	121	20.6%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.