Cost of living in Belton 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 Belton 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 Belton is 88, with 100 being the average.
The cost of living index in Belton is 0.9x lower than the national average.
Belton ranks as the #180 cheapest in Texas out of 405.
Belton ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Belton is $169,700.
The median income in Belton is $51,490.
According to the most recent data on the cost of living, Belton has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Texas, Belton has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Belton ranks as #180 most affordable out of the 405 places we measured in Texas. By definition, that implies Belton ranks as the #225 most expensive place in the Lone Star State.
For more reading on life in Belton, check out:
Six factors go into calculating the cost of living index in Belton. Here is how it fairs on each of the criteria:
The Services index in Belton is 91.
The Groceries index in Belton is 80.
The Health index in Belton is 114.
The Housing index in Belton is 73.
The Transportation index in Belton is 96.
The Utilities index in Belton is 117.
Living Expense | Belton | Texas | National Average | |
---|---|---|---|---|
Overall | 88 | 92 | 100 | |
Services | 91 | 96 | 100 | |
Groceries | 80 | 93 | 100 | |
Health | 114 | 93 | 100 | |
Housing | 73 | 84 | 100 | |
Transportation | 96 | 92 | 100 | |
Utilities | 117 | 104 | 100 |
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 Belton is $169,700.
The Median Rent in Belton is $1,009.
The Median Income in Belton is $51,490.
The Home Value To Income in Belton is 3.3x.
The Rent To Monthly Income in Belton is 0.24x.
Statistic | Belton | Texas | United States |
---|---|---|---|
Median Home Value | $169,700 | $202,600 | $244,900 |
Median Rent | $1,009 | $1,146 | $1,163 |
Median Income | $51,490 | $67,321 | $69,021 |
Home Value To Income | 3.3x | 3.0x | 3.5x |
Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Belton. Here's a quick look at the cost of living in the most populous nearby places:
Killeen, TX has a cost of living index of 89, 1.0x Belton.
Round Rock, TX has a cost of living index of 100, 1.1x Belton.
Temple, TX has a cost of living index of 90, 1.0x Belton.
City | Population | Cost Of Living | Vs. Belton |
---|---|---|---|
Killeen, TX | 150,082 | 89 | 1.0x |
Round Rock, TX | 117,735 | 100 | 1.1x |
Temple, TX | 80,793 | 90 | 1.0x |
Cedar Park, TX | 74,741 | 101 | 1.1x |
Georgetown, TX | 66,514 | 100 | 1.1x |
Pflugerville, TX | 64,007 | 96 | 1.1x |
Leander, TX | 57,696 | 99 | 1.1x |
Harker Heights, TX | 32,320 | 92 | 1.0x |
Hutto, TX | 26,971 | 95 | 1.1x |
Brushy Creek, TX | 22,972 | 103 | 1.2x |