Cost of living in Decatur 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 Decatur 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 Decatur is 90, with 100 being the average.
The cost of living index in Decatur is 0.9x lower than the national average.
Decatur ranks as the #209 cheapest in Texas out of 405.
Decatur ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Decatur is $172,100.
The median income in Decatur is $66,034.
According to the most recent data on the cost of living, Decatur has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Texas, Decatur has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Decatur ranks as #209 most affordable out of the 405 places we measured in Texas. By definition, that implies Decatur ranks as the #196 most expensive place in the Lone Star State.
For more reading on life in Decatur, check out:
Six factors go into calculating the cost of living index in Decatur. Here is how it fairs on each of the criteria:
The Services index in Decatur is 100.
The Groceries index in Decatur is 95.
The Health index in Decatur is 97.
The Housing index in Decatur is 78.
The Transportation index in Decatur is 85.
The Utilities index in Decatur is 106.
Living Expense | Decatur | Texas | National Average | |
---|---|---|---|---|
Overall | 90 | 92 | 100 | |
Services | 100 | 96 | 100 | |
Groceries | 95 | 93 | 100 | |
Health | 97 | 93 | 100 | |
Housing | 78 | 84 | 100 | |
Transportation | 85 | 92 | 100 | |
Utilities | 106 | 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 Decatur is $172,100.
The Median Rent in Decatur is $1,090.
The Median Income in Decatur is $66,034.
The Home Value To Income in Decatur is 2.6x.
The Rent To Monthly Income in Decatur is 0.2x.
Statistic | Decatur | Texas | United States |
---|---|---|---|
Median Home Value | $172,100 | $202,600 | $244,900 |
Median Rent | $1,090 | $1,146 | $1,163 |
Median Income | $66,034 | $67,321 | $69,021 |
Home Value To Income | 2.6x | 3.0x | 3.5x |
Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Decatur. Here's a quick look at the cost of living in the most populous nearby places:
Frisco, TX has a cost of living index of 120, 1.3x Decatur.
Carrollton, TX has a cost of living index of 105, 1.2x Decatur.
Flower Mound, TX has a cost of living index of 117, 1.3x Decatur.
City | Population | Cost Of Living | Vs. Decatur |
---|---|---|---|
Frisco, TX | 193,140 | 120 | 1.3x |
Carrollton, TX | 131,388 | 105 | 1.2x |
Flower Mound, TX | 75,050 | 117 | 1.3x |
Bedford, TX | 49,576 | 97 | 1.1x |
Keller, TX | 45,190 | 117 | 1.3x |
Coppell, TX | 42,420 | 121 | 1.3x |
Southlake, TX | 30,754 | 150 | 1.7x |
Colleyville, TX | 25,827 | 136 | 1.5x |
Watauga, TX | 23,649 | 93 | 1.0x |
Corinth, TX | 22,216 | 107 | 1.2x |