Cost of Living in Homestead Meadows North, TX

A+
14%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
35%
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 Homestead Meadows North Texas National
Cost of living8692100
Goods & Services9496100
Groceries9696100
Health care8994100
Housing6583100
Transportation10392100
Utilities88104100
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Cost Of Living Quick Facts

  • The cost of living in Homestead Meadows North is 7% lower than the Texas average
  • The cost of living in Homestead Meadows North is 14% lower than the national average
  • Homestead Meadows North housing is 35% 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 Homestead Meadows North

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Compare Homestead Meadows North, 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$51,207$4,267$1,195$1,536
      Renters$29,833$2,486$696$895
      A good indicator of the general affordability of housing in Homestead Meadows North, 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 Homestead Meadows North, the median monthly income is $51,207 for those who own their own homes. Under the standard rule, that income level would allow for $1,195 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,833, per the median income in the area. That would allow for renters to spend up to $696 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 Homestead Meadows North National avg. Difference
      Haircut $18.67$24.2623.1%
      Beauty Salon $38.94$45.5614.5%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.21$1.285.8%
      Movie $9.50$12.1321.7%
      Bowling $11.67$18.0035.2%

      Groceries

      Item Homestead Meadows North National avg. Difference
      Ground Beef $5.68$5.842.8%
      Fried Chicken $1.57$1.570.2%
      Milk $4.53$4.673.0%
      Potatoes $4.55$4.937.9%
      Pizza $9.66$12.0920.1%
      Beer $10.31$10.410.9%

      Health Care

      Item Homestead Meadows North National avg. Difference
      Optometrist $72.61$125.6842.2%
      Doctor $96.89$135.7828.6%
      Dentist $90.94$113.2919.7%
      Ibuprofen $10.30$10.653.3%
      Lipitor $483.94$468.603.3%

      Housing

      Item Homestead Meadows North National avg. Difference
      Home Price $110,600.00$184,700.0040.1%
      Avg. Mortgage Payment $1,603.62$2,346.6931.7%
      Apartment Rent $731.00$949.0023.0%

      Transportation

      Item Homestead Meadows North National avg. Difference
      Gasoline $2.97$3.4614.3%
      Tire Balancing $45.89$59.9223.4%

      Utilities

      Item Homestead Meadows North National avg. Difference
      All Electricity $197.18$193.991.6%
      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.
      Butterfield, TX607030.2%
      Agua Dulce city, TX8408020.2%
      Homestead Meadows South, TX6,1638119.4%
      Sparks, TX3,8738119.0%
      Agua Dulce, TX2,5498218.4%
      Homestead Meadows North, TX5,1218614.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Thatcher, AZ5,1221043.8%
      Kenneth City, FL5,119972.6%
      New Martinsville, WV5,1238416.0%
      Daleville, AL5,1258514.7%
      Glencoe, AL5,125918.6%
      Homestead Meadows North, TX5,1218614.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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