Balch Springs, TX Cost Of Living
Cost Of Living In Balch Springs, TX Summary
Cost of living in Balch Springs research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Balch Springs is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Balch Springs is 89, with 100 being the average.
The cost of living index in Balch Springs is 0.9x lower than the national average.
Balch Springs ranks as the #193 cheapest in Texas out of 405.
Balch Springs ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Balch Springs is $153,600.
The median income in Balch Springs is $55,817.
Table Of Contents
Balch Springs's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Balch Springs, TX?
According to the most recent data on the cost of living, Balch Springs has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Texas, Balch Springs has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Balch Springs ranks as #193 most affordable out of the 405 places we measured in Texas. By definition, that implies Balch Springs ranks as the #212 most expensive place in the Lone Star State.
For more reading on life in Balch Springs, check out:
- Living In Balch Springs
- Balch Springs Crime Report
- Search Homes For Sale In Balch Springs, TX
In Texas
In America
Balch Springs Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Balch Springs. Here is how it fairs on each of the criteria:
The Services index in Balch Springs is 105.
The Groceries index in Balch Springs is 99.
The Health index in Balch Springs is 116.
The Housing index in Balch Springs is 60.
The Transportation index in Balch Springs is 95.
The Utilities index in Balch Springs is 108.
| Living Expense | Balch Springs | Texas | National Average | |
|---|---|---|---|---|
| Overall | 89 | 92 | 100 | |
| Services | 105 | 96 | 100 | |
| Groceries | 99 | 93 | 100 | |
| Health | 116 | 93 | 100 | |
| Housing | 60 | 84 | 100 | |
| Transportation | 95 | 92 | 100 | |
| Utilities | 108 | 104 | 100 | |
Balch Springs, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Balch Springs is $153,600.
The Median Rent in Balch Springs is $1,114.
The Median Income in Balch Springs is $55,817.
The Home Value To Income in Balch Springs is 2.8x.
The Rent To Monthly Income in Balch Springs is 0.24x.
| Statistic | Balch Springs | Texas | United States |
|---|---|---|---|
| Median Home Value | $153,600 | $202,600 | $244,900 |
| Median Rent | $1,114 | $1,146 | $1,163 |
| Median Income | $55,817 | $67,321 | $69,021 |
| Home Value To Income | 2.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Balch Springs, TX Costs By Category
Detailed Balch Springs Services Costs Vs. Texas
| Item | Balch Springs | Texas |
|---|---|---|
| Shampoo | $1.03 | $1.06 |
| Movie | $11.18 | $10.68 |
| Bowling | $21.14 | $14.67 |
| Haircut | $27.33 | $18.62 |
| Beauty Salon | $44.45 | $39.05 |
Detailed Balch Springs Groceries Costs Vs. Texas
| Item | Balch Springs | Texas |
|---|---|---|
| Ground Beef | $4.42 | $4.22 |
| Fried Chicken | $1.48 | $1.39 |
| Milk | $1.97 | $2.05 |
| Potatoes | $3.62 | $3.29 |
| Pizza | $9.44 | $10.62 |
| Beer | $10.12 | $9.38 |
| Toothpaste | $2.57 | $2.34 |
Detailed Balch Springs Health Costs Vs. Texas
| Item | Balch Springs | Texas |
|---|---|---|
| Optometrist | $97.86 | $108.57 |
| Doctor | $121.08 | $116.17 |
| Dentist | $133.84 | $99.13 |
Detailed Balch Springs Transportation Costs Vs. Texas
| Item | Balch Springs | Texas |
|---|---|---|
| Gasoline | $1.92 | $2.22 |
| Tire Balancing | $53.65 | $50.07 |
Detailed Balch Springs Utilities Costs Vs. Texas
| Item | Balch Springs | Texas |
|---|---|---|
| All Electricity | $188.78 | $167.67 |
| Phone | $185.48 | $175.64 |
Balch Springs SnackAbility
/10
Cost Of Living In Cities Around Balch Springs
The cost of living varies in the cities and towns around Balch Springs. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 96, 1.1x Balch Springs.
Garland, TX has a cost of living index of 97, 1.1x Balch Springs.
Mesquite, TX has a cost of living index of 93, 1.0x Balch Springs.
| City | Population | Cost Of Living | Vs. Balch Springs |
|---|---|---|---|
| Dallas, TX | 1,300,239 | 96 | 1.1x |
| Garland, TX | 245,075 | 97 | 1.1x |
| Mesquite, TX | 149,848 | 93 | 1.0x |
| Richardson, TX | 115,904 | 110 | 1.2x |
| Rowlett, TX | 62,606 | 105 | 1.2x |
| DeSoto, TX | 55,761 | 100 | 1.1x |
| Rockwall, TX | 46,150 | 108 | 1.2x |
| Duncanville, TX | 40,575 | 97 | 1.1x |
| Sachse, TX | 26,797 | 106 | 1.2x |
| University Park, TX | 25,029 | 214 | 2.4x |
