D-
37%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
115%
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 Trophy Club Texas National
Cost of living13792100
Goods & Services10896100
Groceries10096100
Health care10894100
Housing21583100
Transportation8992100
Utilities111104100

An Overview of Cost of Living in Trophy Club, TX

Are you thinking about relocating, but curious about the potential cost of living in Trophy Club? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Trophy Club stands at 137, making it 37% higher 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.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Trophy Club is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Trophy Club falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs are a major factor in the Trophy Club cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 114.5% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Trophy Club Affordable?

Is Trophy Club affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Trophy Club, for instance, where the median home price falls 140.8% higher than the national average, and monthly rent rates are 53.2% higher than usual. Additionally, median income levels contribute to the equation, with Trophy Club flaunting a median household income of $155,635, 181.3% higher than the national norm.

What Factors can Influence the Cost of Living in Trophy Club?

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 Trophy Club, the transportation index is 11.4% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Trophy Club, the groceries index registers 0.1% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Trophy Club, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 0%.

Where is the Data From?

The Trophy Club cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors 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 Trophy Club is 49% higher than the Texas average
  • The cost of living in Trophy Club is 37% higher than the national average
  • Trophy Club housing is 115% higher 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 Trophy Club

See all the best places to live around Trophy Club

Compare Trophy Club, 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$168,250$14,021$3,926$5,048
      Renters$67,813$5,651$1,582$2,035
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Trophy Club, TX, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Trophy Club, homeowners have a median income of $168,250. Using that number, a maximum of $3,926 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $67,813, which means there is a maximum of $1,582 to be spent on the costs of renting a home or apartment.

      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 Trophy Club National avg. Difference
      Haircut $33.29$24.2637.2%
      Beauty Salon $65.85$45.5644.5%
      Toothpaste $3.57$3.703.6%
      Shampoo $1.30$1.281.3%
      Movie $14.60$12.1320.3%
      Bowling $24.53$18.0036.3%

      Groceries

      Item Trophy Club National avg. Difference
      Ground Beef $5.23$5.8410.4%
      Fried Chicken $1.74$1.5710.8%
      Milk $4.65$4.670.5%
      Potatoes $4.93$4.930.0%
      Pizza $11.30$12.096.5%
      Beer $10.93$10.415.0%

      Health Care

      Item Trophy Club National avg. Difference
      Optometrist $143.73$125.6814.4%
      Doctor $140.69$135.783.6%
      Dentist $130.53$113.2915.2%
      Ibuprofen $10.62$10.650.3%
      Lipitor $499.87$468.606.7%

      Housing

      Item Trophy Club National avg. Difference
      Home Price $444,800.00$184,700.00140.8%
      Avg. Mortgage Payment $2,258.00$2,346.693.8%
      Apartment Rent $1,454.00$949.0053.2%

      Transportation

      Item Trophy Club National avg. Difference
      Gasoline $3.09$3.4610.7%
      Tire Balancing $52.04$59.9213.2%

      Utilities

      Item Trophy Club National avg. Difference
      All Electricity $219.02$193.9912.9%
      Phone $208.71$192.258.6%
      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.
      Corral City, TX1411111.0%
      Sansom Park, TX5,593937.3%
      Blue Mound, TX2,317973.3%
      Haltom City, TX44,300982.1%
      Lake Worth, TX4,9321010.5%
      Trophy Club, TX11,90413737.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Claiborne, LA11,9049010.2%
      Weatherford, OK11,908936.8%
      Clawson, MI11,9091010.8%
      Meaford, ON11,896n/a 
      Sedro-Woolley, WA11,91912020.2%
      Trophy Club, TX11,90413737.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.