Cost of Living in Waxahachie, TX

An Overview of Cost of Living in Waxahachie, TX

Are you thinking about relocating, but curious about the potential cost of living in Waxahachie? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Waxahachie stands at 107, making it 7% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Waxahachie are priced in a manner consistent with other areas. This means that residents of Waxahachie 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 Waxahachie?

The real experts on a city are its residents. That's why we reached out to 19 locals to get their views on the cost of living in Waxahachie. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 32% found it budget-friendly with decreasing prices, while 68% said it's simply not affordable as prices have continued to rise.

Is Waxahachie Affordable?

Is Waxahachie 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 Waxahachie, for instance, where the median home price falls 8.9% higher than the national average, and monthly rent rates are 19% higher than usual. Additionally, median income levels contribute to the equation, with Waxahachie flaunting a median household income of $68,496, 23.8% higher than the national norm.

What Factors can Influence the Cost of Living in Waxahachie?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Waxahachie, the utilities index is 11.4% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Waxahachie, the healthcare costs are 8.3% higher than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Waxahachie, the groceries index is 0.1% higher than the national average.

Where is the Data From?

The cost of living data in Waxahachie 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.