Somerset, Texas Cost Of Living

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15%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

42%

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	Somerset	Texas	National
Cost of living	85	92	100
Goods & Services	102	97	100
Groceries	90	91	100
Health care	93	95	100
Housing	58	83	100
Transportation	95	94	100
Utilities	89	103	100

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Key findings

The cost of living in Somerset is 8% lower than the Texas average
The cost of living in Somerset is 15% lower than the national average
Somerset housing is 42% 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	$47,981	$3,998	$1,119	$1,440
Renters	$30,667	$2,556	$716	$920

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	Somerset	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	Somerset	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	Somerset	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	Somerset	National avg.	Difference
Home Price	$89,800.00	$184,700.00	51.4%
Avg. Mortgage Payment	$857.09	$1,229.62	30.3%
Apartment Rent	$763.00	$949.00	19.6%

Transportation

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

Utilities

Item	Somerset	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.
Bigfoot, TX	254	96	3.5%
Macdona, TX	284	77	22.8%
Leming, TX	454	80	19.6%
Natalia, TX	1,364	81	19.2%
Poteet, TX	3,391	82	18.3%
Somerset, TX	1,562	85	15.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Limestone, IL	1,562	93	7.1%
Grassland, MB	1,562	n/a
Blue Grass, IA	1,563	93	7.5%
East Berlin, PA	1,563	100	0.2%
University of Pittsburgh Johnstown, PA	1,561	105	4.7%
Somerset, TX	1,562	85	15.0%

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