A+
2%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
2%
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 Kerrville Texas National
Cost of living9892100
Goods & Services9996100
Groceries9596100
Health care10594100
Housing10283100
Transportation9392100
Utilities85104100

An Overview of Cost of Living in Kerrville, TX

Understanding the cost of living in Kerrville can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Kerrville cost of living index is 98, which is 2% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

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

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

When it comes to knowing a city, its residents are the experts. We conducted a survey with 7 locals to understand their opinions on the cost of living in Kerrville. The results indicated that 86% found it reasonably priced with decreasing prices of goods and services, while 14% viewed it as quite expensive, with increasing prices.

Is Kerrville Affordable?

Is Kerrville 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 Kerrville, for instance, where the median home price falls 5.3% higher than the national average, and monthly rent rates are 4.5% lower than usual. Additionally, median income levels contribute to the equation, with Kerrville flaunting a median household income of $49,337, 10.8% lower than the national norm.

What Factors can Influence the Cost of Living in Kerrville?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Kerrville, the utilities index registers at 14.8% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Kerrville, the general sales tax rate starts at 6.25%, and income tax rates begin at 0%.

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 Kerrville, is 2.4% higher than the national average.

Where is the Data From?

The cost of living data in Kerrville displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Kerrville is 6% higher than the Texas average
  • The cost of living in Kerrville is 2% lower than the national average
  • Kerrville housing is 2% 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 Kerrville

See all the best places to live around Kerrville

Compare Kerrville, 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$61,653$5,138$1,438$1,850
      Renters$40,204$3,350$938$1,206
      A good indicator of the general affordability of housing in Kerrville, 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 Kerrville, the median monthly income is $61,653 for those who own their own homes. Under the standard rule, that income level would allow for $1,438 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $40,204, per the median income in the area. That would allow for renters to spend up to $938 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 Kerrville National avg. Difference
      Haircut $20.78$24.2614.4%
      Beauty Salon $43.67$45.564.2%
      Toothpaste $3.60$3.702.7%
      Shampoo $1.06$1.2817.2%
      Movie $9.50$12.1321.7%
      Bowling $13.70$18.0023.9%

      Groceries

      Item Kerrville National avg. Difference
      Ground Beef $4.93$5.8415.6%
      Fried Chicken $1.57$1.570.1%
      Milk $4.57$4.672.2%
      Potatoes $4.55$4.937.7%
      Pizza $11.32$12.096.3%
      Beer $10.50$10.410.8%

      Health Care

      Item Kerrville National avg. Difference
      Optometrist $132.00$125.685.0%
      Doctor $171.14$135.7826.0%
      Dentist $108.33$113.294.4%
      Ibuprofen $10.16$10.654.7%
      Lipitor $481.60$468.602.8%

      Housing

      Item Kerrville National avg. Difference
      Home Price $194,500.00$184,700.005.3%
      Avg. Mortgage Payment $1,951.07$2,346.6916.9%
      Apartment Rent $906.00$949.004.5%

      Transportation

      Item Kerrville National avg. Difference
      Gasoline $3.03$3.4612.4%
      Tire Balancing $57.20$59.924.5%

      Utilities

      Item Kerrville National avg. Difference
      All Electricity $217.71$193.9912.2%
      Phone $201.97$192.255.1%
      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.
      Ingram, TX1,9738910.9%
      Comfort, TX3,018919.0%
      Kerrville, TX23,511982.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Anthem, AZ23,50812828.3%
      Kingsville, ON23,502n/a 
      Carteret, NJ23,50112120.8%
      Apollo Beach, FL23,48711515.3%
      Romulus, MI23,544928.4%
      Kerrville, TX23,511982.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.