Cost Of Living in Caldwell, 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	Caldwell	Texas	National
Cost of living	87	92	100
Goods & Services	90	96	100
Groceries	91	96	100
Health care	106	94	100
Housing	72	83	100
Transportation	90	92	100
Utilities	110	104	100

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Cost Of Living Quick Facts

The cost of living in Caldwell is 5% lower than the Texas average
The cost of living in Caldwell is 13% lower than the national average
Caldwell housing is 28% 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	$78,603	$6,550	$1,834	$2,358
Renters	$32,483	$2,707	$758	$975

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Caldwell, TX, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Caldwell, homeowners have a median income of $78,603. Using that number, a maximum of $1,834 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,483, which means there is a maximum of $758 to be spent on the costs of renting a home or apartment.

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	Caldwell	National avg.	Difference
Haircut	$21.28	$24.26	12.3%
Beauty Salon	$50.28	$45.56	10.3%
Toothpaste	$3.57	$3.70	3.7%
Shampoo	$1.35	$1.28	5.7%
Movie	$10.03	$12.13	17.3%
Bowling	$20.06	$18.00	11.4%

Groceries

Item	Caldwell	National avg.	Difference
Ground Beef	$5.71	$5.84	2.3%
Fried Chicken	$1.32	$1.57	16.1%
Milk	$4.56	$4.67	2.5%
Potatoes	$3.98	$4.93	19.3%
Pizza	$10.63	$12.09	12.1%
Beer	$9.91	$10.41	4.8%

Health Care

Item	Caldwell	National avg.	Difference
Optometrist	$129.92	$125.68	3.4%
Doctor	$106.41	$135.78	21.6%
Dentist	$105.82	$113.29	6.6%
Ibuprofen	$10.32	$10.65	3.1%
Lipitor	$466.19	$468.60	0.5%

Housing

Item	Caldwell	National avg.	Difference
Home Price	$124,100.00	$184,700.00	32.8%
Avg. Mortgage Payment	$2,164.77	$2,346.69	7.8%
Apartment Rent	$803.00	$949.00	15.4%

Transportation

Item	Caldwell	National avg.	Difference
Gasoline	$3.18	$3.46	8.0%
Tire Balancing	$52.82	$59.92	11.8%

Utilities

Item	Caldwell	National avg.	Difference
All Electricity	$152.98	$193.99	21.1%
Phone	$207.96	$192.25	8.2%

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.
Milano, TX	637	78	22.1%
Lake Bryan, TX	1,270	80	19.6%
Somerville, TX	1,226	83	16.6%
Snook, TX	554	90	9.6%
Caldwell, TX	4,354	87	12.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Mauston, WI	4,354	94	5.7%
St. Bernard, OH	4,353	91	8.7%
Oak Grove, TN	4,353	93	7.1%
Harbison Canyon, CA	4,355	156	56.4%
Northern Bruce Peninsula, ON	4,355	n/a
Caldwell, TX	4,354	87	12.6%

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 Caldwell, TX