Vernon cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index7491100
Goods & Services index8693100
Groceries index8491100
Health care index8996100
Housing index4583100
Transportation index8594100
Utilities index89100100
A general overview of the cost of living index for Vernon, TX is displayed above. In Vernon, TX, the overall cost of living index is 74, which is 19% lower than the Texas average and 26% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Vernon, TX, the city's goods and services are 7% lower than the Texas average and 14% lower than the U.S. average.

Did you know?

  • The cost of living in Vernon is 19% lower than the Texas average.
  • The cost of living in Vernon is 26% lower than the national average.
  • The cost of housing in Vernon is 55% 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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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
The salary calculator is meant to help you compare your salary in Vernon, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Vernon, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Vernon, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Vernon, TX as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Vernon, TX homeowners, is $51,136. This would allow for a maximum of $1,193 per month to be spent on housing costs. For renters, the median monthly income is $26,528 which would result in a maximum of $619 to be spent on rental costs.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Vernon, TX is the Texas sales tax and Texas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Texas sales tax rate is 6.25% and the maximum surtax that can be charged is 8.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Texas income tax rates range from 0% to 0%.

Goods & Services

ItemVernonNational avg.Difference
Haircut $13.32$16.0917.2%
Beauty Salon $18.28$37.3351.0%
Toothpaste $1.72$2.4529.9%
Shampoo $0.76$1.0024.0%
Movie $10.55$10.282.6%
Bowling $3.65$4.9326.0%


ItemVernonNational avg.Difference
Ground Beef $2.58$3.8032.2%
Fried Chicken $1.22$1.4012.7%
Milk $1.97$2.012.0%
Potatoes $2.33$3.0122.7%
Pizza $9.19$9.897.0%
Beer $8.23$8.907.5%

Health Care

ItemVernonNational avg.Difference
Optometrist $102.55$102.160.4%
Doctor $80.97$108.3625.3%
Dentist $83.56$92.539.7%
Ibuprofen $8.38$9.289.7%
Lipitor $427.56$425.820.4%


ItemVernonNational avg.Difference
Home Price $66,600.00$184,700.0063.9%
Avg. Mortgage Payment $902.89$1,202.4424.9%
Apartment Rent $622.00$949.0034.5%


ItemVernonNational avg.Difference
Gasoline $1.98$2.2411.8%
Tire Balancing $36.00$46.2922.2%


ItemVernonNational avg.Difference
All Electricity$174.34$165.965.0%
Phone $19.99$28.6830.3%
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, StatePopulationCost of Living IndexNational Avg.
Davidson, OK31068-32%
Chillicothe, TX87670-30%
Vernon, TX10,76174-26%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Summerfield, NC10,75811919%
Waynesboro, PA10,76492-8%
Sweetwater, TX10,76581-19%
Storm Lake, IA10,76882-18%
Del Aire, CA10,75414949%
Vernon, TX10,76174-26%
Source: The Vernon, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.