A+
7%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
23%
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 Groves Texas National
Cost of living9392100
Goods & Services10296100
Groceries9796100
Health care9694100
Housing7783100
Transportation9392100
Utilities108104100

An Overview of Cost of Living in Groves, TX

Understanding the cost of living in Groves 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 Groves cost of living index is 93, which is 7% 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 Groves are priced in a manner consistent with other areas. This means that residents of Groves can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Groves Affordable?

Wondering if Groves is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Groves, for example, the median home price is 35.2% lower than what folks pay nationally, and monthly rent is 6% higher than the usual rates. Plus, income levels matter too, with Groves boasting a median household income of $56,336, which is 1.8% higher than the national average.

What Factors can Influence the Cost of Living in Groves?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Groves, the groceries index is 3% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Groves, the housing index stands at 22.9% lower than the national average.

Where is the Data From?

The Groves cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Groves is 1% higher than the Texas average
  • The cost of living in Groves is 7% lower than the national average
  • Groves housing is 23% 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 Groves

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Compare Groves, 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$57,733$4,811$1,347$1,732
      Renters$45,745$3,812$1,067$1,372
      A good indicator of the general affordability of housing in Groves, 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 Groves, the median monthly income is $57,733 for those who own their own homes. Under the standard rule, that income level would allow for $1,347 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $45,745, per the median income in the area. That would allow for renters to spend up to $1,067 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 Groves National avg. Difference
      Haircut $26.22$24.268.1%
      Beauty Salon $46.89$45.562.9%
      Toothpaste $3.66$3.701.0%
      Shampoo $1.16$1.289.1%
      Movie $11.93$12.131.7%
      Bowling $19.17$18.006.5%

      Groceries

      Item Groves National avg. Difference
      Ground Beef $5.37$5.848.1%
      Fried Chicken $1.49$1.575.5%
      Milk $4.66$4.670.3%
      Potatoes $4.17$4.9315.6%
      Pizza $10.99$12.099.1%
      Beer $10.23$10.411.8%

      Health Care

      Item Groves National avg. Difference
      Optometrist $119.32$125.685.1%
      Doctor $87.50$135.7835.6%
      Dentist $104.52$113.297.7%
      Ibuprofen $10.41$10.652.3%
      Lipitor $480.00$468.602.4%

      Housing

      Item Groves National avg. Difference
      Home Price $119,600.00$184,700.0035.2%
      Avg. Mortgage Payment $2,167.70$2,346.697.6%
      Apartment Rent $1,006.00$949.006.0%

      Transportation

      Item Groves National avg. Difference
      Gasoline $3.06$3.4611.6%
      Tire Balancing $48.89$59.9218.4%

      Utilities

      Item Groves National avg. Difference
      All Electricity $214.33$193.9910.5%
      Phone $209.24$192.258.8%
      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.
      Rose City, TX4418217.9%
      Port Arthur, TX54,7058614.3%
      Vidor, TX10,6588614.3%
      West Orange, TX3,2878713.5%
      Orange, TX18,4589010.4%
      Groves, TX15,531936.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Asbury Park, NJ15,53614140.6%
      Traverse City, MI15,5251098.6%
      Dentsville, SC15,537936.6%
      The Dalles, OR15,5181088.4%
      Dixon, IL15,5448217.7%
      Groves, TX15,531936.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.