F
24%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
82%
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 Sienna Plantation Texas National
Cost of living12492100
Goods & Services10196100
Groceries10096100
Health care9494100
Housing18283100
Transportation9092100
Utilities103104100

An Overview of Cost of Living in Sienna Plantation, TX

Knowing the cost of living in Sienna Plantation 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 Sienna Plantation stands at 124, marking it 24% higher than the national average.

The cost of living in Sienna Plantation is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Sienna Plantation falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs are a major factor in the Sienna Plantation 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 81.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Sienna Plantation Affordable?

Wondering if Sienna Plantation 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 Sienna Plantation, for example, the median home price is 68.9% higher than what folks pay nationally, and monthly rent is 112.2% higher than the usual rates. Plus, income levels matter too, with Sienna Plantation boasting a median household income of $138,684, which is 150.7% higher than the national average.

What Factors can Influence the Cost of Living in Sienna Plantation?

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Sienna Plantation, the transportation index is 9.6% lower than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Sienna Plantation, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 0%.

Where is the Data From?

The cost of living in Sienna Plantation, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Sienna Plantation is 34% higher than the Texas average
  • The cost of living in Sienna Plantation is 24% higher than the national average
  • Sienna Plantation housing is 82% 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 Sienna Plantation

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Compare Sienna Plantation, 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$145,600$12,133$3,397$4,368
      Renters$0$0$0$0
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Sienna Plantation, 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 Sienna Plantation, homeowners have a median income of $145,600. Using that number, a maximum of $3,397 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $0, which means there is a maximum of $0 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 Sienna Plantation National avg. Difference
      Haircut $20.33$24.2616.2%
      Beauty Salon $47.38$45.564.0%
      Toothpaste $3.48$3.706.1%
      Shampoo $1.22$1.285.0%
      Movie $12.19$12.130.4%
      Bowling $15.83$18.0012.0%

      Groceries

      Item Sienna Plantation National avg. Difference
      Ground Beef $5.25$5.8410.1%
      Fried Chicken $1.61$1.572.4%
      Milk $4.55$4.672.5%
      Potatoes $5.00$4.931.4%
      Pizza $11.82$12.092.2%
      Beer $10.38$10.410.3%

      Health Care

      Item Sienna Plantation National avg. Difference
      Optometrist $125.98$125.680.2%
      Doctor $90.89$135.7833.1%
      Dentist $108.10$113.294.6%
      Ibuprofen $10.46$10.651.8%
      Lipitor $503.40$468.607.4%

      Housing

      Item Sienna Plantation National avg. Difference
      Home Price $311,900.00$184,700.0068.9%
      Avg. Mortgage Payment $2,055.86$2,346.6912.4%
      Apartment Rent $2,014.00$949.00112.2%

      Transportation

      Item Sienna Plantation National avg. Difference
      Gasoline $3.14$3.469.1%
      Tire Balancing $56.62$59.925.5%

      Utilities

      Item Sienna Plantation National avg. Difference
      All Electricity $233.43$193.9920.3%
      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.
      Fifth Street, TX2,1798218.3%
      Bonney, TX2418415.9%
      Liverpool, TX5228613.9%
      Damon, TX2008712.7%
      Sandy Point, TX2098811.6%
      Sienna Plantation, TX15,64912423.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Canyon, TX15,648928.1%
      Parlier, CA15,6451088.0%
      Elkton, MD15,6531087.5%
      Overland, MO15,6448614.4%
      White Oak, MD15,65513535.5%
      Sienna Plantation, TX15,64912423.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.