Cost Of Living in Smithville, TX

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	Smithville	Texas	National
Cost of living	93	92	100
Goods & Services	96	96	100
Groceries	98	96	100
Health care	98	94	100
Housing	88	83	100
Transportation	89	92	100
Utilities	95	104	100

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Cost Of Living Quick Facts

The cost of living in Smithville is 1% higher than the Texas average
The cost of living in Smithville is 7% lower than the national average
Smithville housing is 12% 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

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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	$85,184	$7,099	$1,987	$2,556
Renters	$34,212	$2,851	$798	$1,026

A good way to judge both the affordability of the housing and the cost of living in Smithville is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Smithville has a median income of about $85,184 for people who own homes. Based on that number, a maximum of $1,987 should be spent on expenses related to housing. Renters have a slightly different median income, which is $34,212. Based on this average, renters should spend no more than $798 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Smithville	National avg.	Difference
Haircut	$30.11	$24.26	24.1%
Beauty Salon	$53.43	$45.56	17.3%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.23	$1.28	3.9%
Movie	$12.82	$12.13	5.7%
Bowling	$18.22	$18.00	1.2%

Groceries

Item	Smithville	National avg.	Difference
Ground Beef	$5.49	$5.84	6.0%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.64	$4.67	0.7%
Potatoes	$4.87	$4.93	1.2%
Pizza	$9.57	$12.09	20.8%
Beer	$10.18	$10.41	2.3%

Health Care

Item	Smithville	National avg.	Difference
Optometrist	$117.38	$125.68	6.6%
Doctor	$108.42	$135.78	20.1%
Dentist	$124.98	$113.29	10.3%
Ibuprofen	$10.52	$10.65	1.2%
Lipitor	$504.11	$468.60	7.6%

Housing

Item	Smithville	National avg.	Difference
Home Price	$171,500.00	$184,700.00	7.1%
Avg. Mortgage Payment	$2,434.44	$2,346.69	3.7%
Apartment Rent	$732.00	$949.00	22.9%

Transportation

Item	Smithville	National avg.	Difference
Gasoline	$3.06	$3.46	11.7%
Tire Balancing	$53.75	$59.92	10.3%

Utilities

Item	Smithville	National avg.	Difference
All Electricity	$172.60	$193.99	11.0%
Phone	$200.15	$192.25	4.1%

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.
Camp Swift, TX	6,529	86	13.8%
Giddings, TX	5,095	89	11.1%
Circle D-KC Estates, TX	2,761	98	1.7%
Bastrop, TX	9,094	102	2.3%
Smithville, TX	4,501	93	6.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
New Roads, LA	4,500	92	8.1%
Louisburg, KS	4,499	98	1.9%
Royal Pines, NC	4,499	114	13.6%
Heeia, HI	4,503	217	116.7%
Jonesboro, LA	4,503	76	24.5%
Smithville, TX	4,501	93	6.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Smithville, TX