Granbury, TX Cost Of Living
Cost Of Living In Granbury, TX Summary
Cost of living in Granbury 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 Granbury 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 Granbury is 96, with 100 being the average.
The cost of living index in Granbury is 1.0x lower than the national average.
Granbury ranks as the #281 cheapest in Texas out of 405.
Granbury ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Granbury is $225,900.
The median income in Granbury is $52,956.
Table Of Contents
Granbury's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Granbury, TX?
According to the most recent data on the cost of living, Granbury has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Texas, Granbury has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Granbury ranks as #281 most affordable out of the 405 places we measured in Texas. By definition, that implies Granbury ranks as the #124 most expensive place in the Lone Star State.
For more reading on life in Granbury, check out:
- Living In Granbury
- Granbury Crime Report
- Search Homes For Sale In Granbury, TX
In Texas
In America
Granbury Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Granbury. Here is how it fairs on each of the criteria:
The Services index in Granbury is 103.
The Groceries index in Granbury is 98.
The Health index in Granbury is 99.
The Housing index in Granbury is 93.
The Transportation index in Granbury is 89.
The Utilities index in Granbury is 107.
| Living Expense | Granbury | Texas | National Average | |
|---|---|---|---|---|
| Overall | 96 | 92 | 100 | |
| Services | 103 | 96 | 100 | |
| Groceries | 98 | 93 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 93 | 84 | 100 | |
| Transportation | 89 | 92 | 100 | |
| Utilities | 107 | 104 | 100 | |
Granbury, 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 Granbury is $225,900.
The Median Rent in Granbury is $1,133.
The Median Income in Granbury is $52,956.
The Home Value To Income in Granbury is 4.3x.
The Rent To Monthly Income in Granbury is 0.26x.
| Statistic | Granbury | Texas | United States |
|---|---|---|---|
| Median Home Value | $225,900 | $202,600 | $244,900 |
| Median Rent | $1,133 | $1,146 | $1,163 |
| Median Income | $52,956 | $67,321 | $69,021 |
| Home Value To Income | 4.3x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Granbury, TX Costs By Category
Detailed Granbury Services Costs Vs. Texas
Detailed Granbury Groceries Costs Vs. Texas
Detailed Granbury Health Costs Vs. Texas
Detailed Granbury Transportation Costs Vs. Texas
Detailed Granbury Utilities Costs Vs. Texas
Granbury SnackAbility
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Cost Of Living In Cities Around Granbury
The cost of living varies in the cities and towns around Granbury. Here's a quick look at the cost of living in the most populous nearby places:
Mansfield, TX has a cost of living index of 102, 1.1x Granbury.
North Richland Hills, TX has a cost of living index of 99, 1.0x Granbury.
Bedford, TX has a cost of living index of 97, 1.0x Granbury.
| City | Population | Cost Of Living | Vs. Granbury |
|---|---|---|---|
| Mansfield, TX | 71,375 | 102 | 1.1x |
| North Richland Hills, TX | 69,817 | 99 | 1.0x |
| Bedford, TX | 49,576 | 97 | 1.0x |
| Burleson, TX | 47,230 | 98 | 1.0x |
| Keller, TX | 45,190 | 117 | 1.2x |
| Hurst, TX | 40,114 | 94 | 1.0x |
| Colleyville, TX | 25,827 | 136 | 1.4x |
| Saginaw, TX | 23,676 | 93 | 1.0x |
| Watauga, TX | 23,649 | 93 | 1.0x |
| Stephenville, TX | 20,504 | 92 | 1.0x |
