Cost of living in Gun Barrel City 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 Gun Barrel City 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 Gun Barrel City is 90, with 100 being the average.
The cost of living index in Gun Barrel City is 0.9x lower than the national average.
Gun Barrel City ranks as the #209 cheapest in Texas out of 405.
Gun Barrel City ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Gun Barrel City is $159,800.
The median income in Gun Barrel City is $55,493.
According to the most recent data on the cost of living, Gun Barrel City has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Texas, Gun Barrel City has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Gun Barrel City ranks as #209 most affordable out of the 405 places we measured in Texas. By definition, that implies Gun Barrel City ranks as the #196 most expensive place in the Lone Star State.
For more reading on life in Gun Barrel City, check out:
Six factors go into calculating the cost of living index in Gun Barrel City. Here is how it fairs on each of the criteria:
The Services index in Gun Barrel City is 97.
The Groceries index in Gun Barrel City is 93.
The Health index in Gun Barrel City is 100.
The Housing index in Gun Barrel City is 65.
The Transportation index in Gun Barrel City is 94.
The Utilities index in Gun Barrel City is 106.
Living Expense | Gun Barrel City | Texas | National Average | |
---|---|---|---|---|
Overall | 90 | 92 | 100 | |
Services | 97 | 96 | 100 | |
Groceries | 93 | 93 | 100 | |
Health | 100 | 93 | 100 | |
Housing | 65 | 84 | 100 | |
Transportation | 94 | 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 Gun Barrel City is $159,800.
The Median Rent in Gun Barrel City is $796.
The Median Income in Gun Barrel City is $55,493.
The Home Value To Income in Gun Barrel City is 2.9x.
The Rent To Monthly Income in Gun Barrel City is 0.17x.
Statistic | Gun Barrel City | Texas | United States |
---|---|---|---|
Median Home Value | $159,800 | $202,600 | $244,900 |
Median Rent | $796 | $1,146 | $1,163 |
Median Income | $55,493 | $67,321 | $69,021 |
Home Value To Income | 2.9x | 3.0x | 3.5x |
Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Item | Gun Barrel City | Texas |
---|---|---|
Shampoo | $1.03 | $1.06 |
Movie | $9.45 | $10.68 |
Bowling | $14.78 | $14.67 |
Haircut | $17.44 | $18.62 |
Beauty Salon | $43.33 | $39.05 |
Item | Gun Barrel City | Texas |
---|---|---|
Ground Beef | $4.35 | $4.22 |
Fried Chicken | $1.02 | $1.39 |
Milk | $1.68 | $2.05 |
Potatoes | $2.85 | $3.29 |
Pizza | $9.74 | $10.62 |
Beer | $9.84 | $9.38 |
Toothpaste | $1.94 | $2.34 |
Item | Gun Barrel City | Texas |
---|---|---|
Optometrist | $117.0 | $108.57 |
Doctor | $102.18 | $116.17 |
Dentist | $97.56 | $99.13 |
Item | Gun Barrel City | Texas |
---|---|---|
Gasoline | $1.92 | $2.22 |
Tire Balancing | $58.33 | $50.07 |
Item | Gun Barrel City | Texas |
---|---|---|
All Electricity | $186.57 | $167.67 |
Phone | $185.48 | $175.64 |