A+
0%
Overall NAT. AVG.
21%
Goods & Services NAT. AVG.
26%
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 Greenville Texas National
Cost of living10092100
Goods & Services12196100
Groceries9796100
Health care11094100
Housing7483100
Transportation9492100
Utilities115104100

An Overview of Cost of Living in Greenville, TX

The cost of living in Greenville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Greenville is 100, which is 0% equal to the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Greenville are priced in a manner consistent with other areas. This means that residents of Greenville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Greenville, you can expect to pay 20.6% more than average for these items, making it a more expensive place to live.

What Do Locals Say About the Cost of Living in Greenville?

The real experts on a city are its residents. That's why we reached out to 7 locals to get their views on the cost of living in Greenville. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 71% found it budget-friendly with decreasing prices, while 29% said it's simply not affordable as prices have continued to rise.

Is Greenville Affordable?

Is Greenville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Greenville, the median home price is 38.4% lower than the national average and monthly rent prices are 1.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Greenville boasting a median household income of $48,979, 11.5% lower than the national average.

What Factors can Influence the Cost of Living in Greenville?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Greenville, the groceries index is 3% lower than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Greenville, the baseline sales tax rate begins at 6.25%, and income tax rates start at 0%.

Where is the Data From?

The Greenville 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 Greenville is 8% higher than the Texas average
  • The cost of living in Greenville is equal to the national average
  • Greenville housing is 26% 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 Greenville

See all the best places to live around Greenville

Compare Greenville, 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$57,306$4,776$1,337$1,719
      Renters$38,674$3,223$902$1,160
      A good indicator of the general affordability of housing in Greenville, TX, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Greenville, the median monthly income is $57,306 for those who own their own homes. Under the standard rule, that income level would allow for $1,337 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $38,674, per the median income in the area. That would allow for renters to spend up to $902 on monthly rental expenses.

      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 Greenville National avg. Difference
      Haircut $23.57$24.262.8%
      Beauty Salon $35.11$45.5622.9%
      Toothpaste $3.51$3.705.1%
      Shampoo $1.22$1.284.7%
      Movie $11.85$12.132.3%
      Bowling $16.96$18.005.8%

      Groceries

      Item Greenville National avg. Difference
      Ground Beef $5.44$5.846.9%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.63$4.670.9%
      Potatoes $4.15$4.9316.0%
      Pizza $11.96$12.091.0%
      Beer $10.27$10.411.4%

      Health Care

      Item Greenville National avg. Difference
      Optometrist $96.63$125.6823.1%
      Doctor $131.00$135.783.5%
      Dentist $86.73$113.2923.4%
      Ibuprofen $10.40$10.652.4%
      Lipitor $484.49$468.603.4%

      Housing

      Item Greenville National avg. Difference
      Home Price $113,800.00$184,700.0038.4%
      Avg. Mortgage Payment $1,562.33$2,346.6933.4%
      Apartment Rent $967.00$949.001.9%

      Transportation

      Item Greenville National avg. Difference
      Gasoline $3.47$3.460.3%
      Tire Balancing $66.47$59.9210.9%

      Utilities

      Item Greenville National avg. Difference
      All Electricity $145.64$193.9924.9%
      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.
      Point, TX1,087946.3%
      Campbell, TX932946.2%
      West Tawakoni, TX1,985945.8%
      Celeste, TX1,124945.7%
      Commerce, TX9,473955.3%
      Greenville, TX28,0881000.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Burlington, MA28,07717069.5%
      Immokalee, FL28,060955.0%
      Independence, KY28,1191010.7%
      Saratoga Springs, NY28,05612525.5%
      Hobart, IN28,1201000.3%
      Greenville, TX28,0881000.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.