| Index | Stephenville | Texas | National |
| Cost of living | 97 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 92 | 83 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 106 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 102 | 98 | 100 |
Getting a feel for the cost of living in Stephenville is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Stephenville is 97, which is 3% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Stephenville is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Stephenville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Stephenville is 13.2% lower than the national average, while the average monthly rent prices are 4.2% higher than average. The affordability of any location can also be influenced by median income levels. Stephenville has a median household income of $73,533, which is 9.6% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Stephenville, the transportation index is 3.2% lower than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Stephenville, is 8% lower than the national average.
The Stephenville cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $107,674 | $8,973 | $2,512 | $3,231 |
| Renters | $47,260 | $3,938 | $1,103 | $1,418 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Dublin, TX | 3,639 | 88 | 12.4% |
| Stephenville, TX | 21,421 | 97 | 3.4% |
| City | Population | Cost of Living Index | National Avg. |
| Green Valley, AZ | 21,416 | 103 | 2.7% |
| Gardner, MA | 21,410 | 109 | 8.6% |
| New Hope, MN | 21,432 | 108 | 7.7% |
| Hays, KS | 21,398 | 95 | 4.9% |
| Ferguson, MO | 21,445 | 85 | 14.9% |
| Stephenville, TX | 21,421 | 97 | 3.4% |
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