C+
17%
Overall NAT. AVG.
21%
Goods & Services NAT. AVG.
31%
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 Royse City Texas National
Cost of living11792100
Goods & Services12196100
Groceries9796100
Health care11094100
Housing13183100
Transportation9492100
Utilities115104100

An Overview of Cost of Living in Royse City, TX

Knowing the cost of living in Royse City allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Royse City stands at 117, marking it 17% higher than the national average.

Housing costs are a major factor in the Royse City cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 30.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Royse City, these items will cost you 20.6% more than what's considered the norm, making it a more expensive place to call home.

Is Royse City Affordable?

Wondering if Royse City 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 Royse City, for example, the median home price is 11.2% higher than what folks pay nationally, and monthly rent is 76.9% higher than the usual rates. Plus, income levels matter too, with Royse City boasting a median household income of $91,550, which is 65.5% higher than the national average.

What Factors can Influence the Cost of Living in Royse City?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Royse City, the groceries index is 3% lower than the national average.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Royse City, the housing index is 30.9% higher than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Royse City, healthcare costs are 9.8% higher than the national average.

Where is the Data From?

The cost of living data in Royse City 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 Royse City is 26% higher than the Texas average
  • The cost of living in Royse City is 17% higher than the national average
  • Royse City housing is 31% 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 Royse City

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Compare Royse City, 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$97,835$8,153$2,283$2,935
      Renters$70,256$5,855$1,639$2,108
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Royse City, TX, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Royse City homeowners, is $97,835. This would allow for a maximum of $2,283 per month to be spent on housing costs. For renters, the median monthly income is $70,256 which would result in a maximum of $1,639 to be spent on rental costs.

      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 Royse City National avg. Difference
      Haircut $23.57$24.262.8%
      Beauty Salon $35.11$45.5622.9%
      Toothpaste $3.51$3.705.1%
      Shampoo $1.22$1.284.7%
      Movie $11.85$12.132.3%
      Bowling $16.96$18.005.8%

      Groceries

      Item Royse City National avg. Difference
      Ground Beef $5.44$5.846.9%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.63$4.670.9%
      Potatoes $4.15$4.9316.0%
      Pizza $11.96$12.091.0%
      Beer $10.27$10.411.4%

      Health Care

      Item Royse City National avg. Difference
      Optometrist $96.63$125.6823.1%
      Doctor $131.00$135.783.5%
      Dentist $86.73$113.2923.4%
      Ibuprofen $10.40$10.652.4%
      Lipitor $484.49$468.603.4%

      Housing

      Item Royse City National avg. Difference
      Home Price $205,300.00$184,700.0011.2%
      Avg. Mortgage Payment $1,562.33$2,346.6933.4%
      Apartment Rent $1,679.00$949.0076.9%

      Transportation

      Item Royse City National avg. Difference
      Gasoline $3.47$3.460.3%
      Tire Balancing $66.47$59.9210.9%

      Utilities

      Item Royse City National avg. Difference
      All Electricity $145.64$193.9924.9%
      Phone $208.71$192.258.6%
      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.
      St. Paul CDP, TX5948910.7%
      St. Paul, TX1,3778910.7%
      Hawk Cove, TX427946.2%
      Quinlan, TX1,758972.7%
      Greenville, TX28,0881000.2%
      Royse City, TX13,77311716.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      St. Helens, OR13,77911212.0%
      D'Iberville, MS13,766955.4%
      Lockhart, TX13,782945.8%
      Wood Dale, IL13,78311414.3%
      Jefferson Valley-Yorktown, NY13,78614544.6%
      Royse City, TX13,77311716.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.