Gatesville, TX Cost Of Living
Cost Of Living In Gatesville, TX Summary
Cost of living in Gatesville 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 Gatesville 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 Gatesville is 83, with 100 being the average.
The cost of living index in Gatesville is 0.8x lower than the national average.
Gatesville ranks as the #96 cheapest in Texas out of 405.
Gatesville ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Gatesville is $105,500.
The median income in Gatesville is $47,480.
Table Of Contents
Gatesville's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gatesville, TX?
According to the most recent data on the cost of living, Gatesville has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Texas, Gatesville has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Gatesville ranks as #96 most affordable out of the 405 places we measured in Texas. By definition, that implies Gatesville ranks as the #309 most expensive place in the Lone Star State.
For more reading on life in Gatesville, check out:
- Living In Gatesville
- Gatesville Crime Report
- Search Homes For Sale In Gatesville, TX
In Texas
In America
Gatesville Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Gatesville. Here is how it fairs on each of the criteria:
The Services index in Gatesville is 90.
The Groceries index in Gatesville is 80.
The Health index in Gatesville is 114.
The Housing index in Gatesville is 55.
The Transportation index in Gatesville is 95.
The Utilities index in Gatesville is 120.
| Living Expense | Gatesville | Texas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 92 | 100 | |
| Services | 90 | 96 | 100 | |
| Groceries | 80 | 93 | 100 | |
| Health | 114 | 93 | 100 | |
| Housing | 55 | 84 | 100 | |
| Transportation | 95 | 92 | 100 | |
| Utilities | 120 | 104 | 100 | |
Gatesville, 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 Gatesville is $105,500.
The Median Rent in Gatesville is $833.
The Median Income in Gatesville is $47,480.
The Home Value To Income in Gatesville is 2.2x.
The Rent To Monthly Income in Gatesville is 0.21x.
| Statistic | Gatesville | Texas | United States |
|---|---|---|---|
| Median Home Value | $105,500 | $202,600 | $244,900 |
| Median Rent | $833 | $1,146 | $1,163 |
| Median Income | $47,480 | $67,321 | $69,021 |
| Home Value To Income | 2.2x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Gatesville, TX Costs By Category
Detailed Gatesville Services Costs Vs. Texas
| Item | Gatesville | Texas |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $8.75 | $10.68 |
| Bowling | $10.78 | $14.67 |
| Haircut | $18.42 | $18.62 |
| Beauty Salon | $40.08 | $39.05 |
Detailed Gatesville Groceries Costs Vs. Texas
| Item | Gatesville | Texas |
|---|---|---|
| Ground Beef | $3.19 | $4.22 |
| Fried Chicken | $0.95 | $1.39 |
| Milk | $1.47 | $2.05 |
| Potatoes | $2.3 | $3.29 |
| Pizza | $9.71 | $10.62 |
| Beer | $9.91 | $9.38 |
| Toothpaste | $1.83 | $2.34 |
Detailed Gatesville Health Costs Vs. Texas
| Item | Gatesville | Texas |
|---|---|---|
| Optometrist | $99.78 | $108.57 |
| Doctor | $204.2 | $116.17 |
| Dentist | $85.35 | $99.13 |
Detailed Gatesville Transportation Costs Vs. Texas
| Item | Gatesville | Texas |
|---|---|---|
| Gasoline | $1.89 | $2.22 |
| Tire Balancing | $57.95 | $50.07 |
Detailed Gatesville Utilities Costs Vs. Texas
| Item | Gatesville | Texas |
|---|---|---|
| All Electricity | $218.61 | $167.67 |
| Phone | $184.73 | $175.64 |
Gatesville SnackAbility
/10
Cost Of Living In Cities Around Gatesville
The cost of living varies in the cities and towns around Gatesville. 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, 1.1x Gatesville.
Waco, TX has a cost of living index of 86, 1.0x Gatesville.
Temple, TX has a cost of living index of 90, 1.1x Gatesville.
| City | Population | Cost Of Living | Vs. Gatesville |
|---|---|---|---|
| Killeen, TX | 150,082 | 89 | 1.1x |
| Waco, TX | 136,800 | 86 | 1.0x |
| Temple, TX | 80,793 | 90 | 1.1x |
| Copperas Cove, TX | 35,452 | 85 | 1.0x |
| Harker Heights, TX | 32,320 | 92 | 1.1x |
| Fort Hood, TX | 24,781 | 85 | 1.0x |
| Belton, TX | 22,866 | 88 | 1.1x |
| Hewitt, TX | 15,707 | 93 | 1.1x |
| Robinson, TX | 12,336 | 94 | 1.1x |
| McGregor, TX | 5,345 | 82 | 1.0x |
