A+
5%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
11%
Housing NAT. AVG.
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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 Stephenville Texas National
Cost of living9592100
Goods & Services10096100
Groceries9396100
Health care9194100
Housing8983100
Transportation9192100
Utilities109104100

An Overview of Cost of Living in Stephenville, TX

Are you thinking about relocating, but curious about the potential cost of living in Stephenville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Stephenville stands at 95, making it 5% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Stephenville aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Stephenville residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

Is Stephenville Affordable?

Is Stephenville an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Stephenville, the median home price is 16.9% lower than what most folks pay across the country, and monthly rent prices are 4.5% higher than the usual rates. Income levels in Stephenville come in at $48,602, which is 12.1% lower than the national average.

What Factors can Influence the Cost of Living in Stephenville?

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Stephenville starts at 6.25% and the income tax rates start at 0%.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Stephenville, the groceries index is 7.4% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Stephenville, the utilities index registers at 9.2% higher than the national average.

Where is the Data From?

The Stephenville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Stephenville is 3% higher than the Texas average
  • The cost of living in Stephenville is 5% lower than the national average
  • Stephenville housing is 11% lower 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

Most Affordable Places to Live in and Around Stephenville

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Compare Stephenville, TX Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$71,925$5,994$1,678$2,158
      Renters$31,708$2,642$740$951
      A good way to judge both the affordability of the housing and the cost of living in Stephenville 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. Stephenville has a median income of about $71,925 for people who own homes. Based on that number, a maximum of $1,678 should be spent on expenses related to housing. Renters have a slightly different median income, which is $31,708. Based on this average, renters should spend no more than $740 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 Stephenville National avg. Difference
      Haircut $18.64$24.2623.2%
      Beauty Salon $40.42$45.5611.3%
      Toothpaste $3.63$3.701.9%
      Shampoo $1.06$1.2817.2%
      Movie $9.61$12.1320.8%
      Bowling $18.50$18.002.8%

      Groceries

      Item Stephenville National avg. Difference
      Ground Beef $5.43$5.847.0%
      Fried Chicken $1.58$1.570.3%
      Milk $4.60$4.671.5%
      Potatoes $4.55$4.937.9%
      Pizza $12.51$12.093.5%
      Beer $10.32$10.410.9%

      Health Care

      Item Stephenville National avg. Difference
      Optometrist $106.87$125.6815.0%
      Doctor $106.77$135.7821.4%
      Dentist $108.56$113.294.2%
      Ibuprofen $10.16$10.654.6%
      Lipitor $491.03$468.604.8%

      Housing

      Item Stephenville National avg. Difference
      Home Price $153,400.00$184,700.0016.9%
      Avg. Mortgage Payment $1,893.18$2,346.6919.3%
      Apartment Rent $992.00$949.004.5%

      Transportation

      Item Stephenville National avg. Difference
      Gasoline $3.10$3.4610.5%
      Tire Balancing $56.70$59.925.4%

      Utilities

      Item Stephenville National avg. Difference
      All Electricity $212.69$193.999.6%
      Phone $207.96$192.258.2%
      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.
      Dublin, TX3,5508712.9%
      Stephenville, TX20,887954.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dickinson, TX20,870981.5%
      Beaconsfield, QC20,868n/a 
      Lynn Haven, FL20,9101044.4%
      New Hope, MN20,9131044.4%
      Green Valley, AZ20,8571054.9%
      Stephenville, TX20,887954.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.