Cost of living in Burnet 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 Burnet 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 Burnet is 94, with 100 being the average.
The cost of living index in Burnet is 0.9x lower than the national average.
Burnet ranks as the #177 cheapest in Texas out of 414.
Burnet ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Burnet is $406,431.
The median income in Burnet is $88,000.
According to the most recent data on the cost of living, Burnet has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Texas, Burnet has a cost of living index that's 1.0x higher than Texas's index of 92.
The standard of living in Burnet ranks as #177 most affordable out of the 414 places we measured in Texas. By definition, that implies Burnet ranks as the #237 most expensive place in the Lone Star State.
For more reading on life in Burnet, check out:
Six factors go into calculating the cost of living index in Burnet. Here is how it fairs on each of the criteria:
The Services index in Burnet is 94.
The Groceries index in Burnet is 90.
The Health index in Burnet is 87.
The Housing index in Burnet is 89.
The Transportation index in Burnet is 85.
The Utilities index in Burnet is 110.
| Living Expense | Burnet | Texas | National Average | |
|---|---|---|---|---|
| Overall | 94 | 92 | 100 | |
| Services | 94 | 97 | 100 | |
| Groceries | 90 | 97 | 100 | |
| Health | 87 | 93 | 100 | |
| Housing | 89 | 82 | 100 | |
| Transportation | 85 | 94 | 100 | |
| Utilities | 110 | 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 2019-2023. The key points are:
The Median Home Value in Burnet is $406,431.
The Median Rent in Burnet is $1,012.
The Median Income in Burnet is $88,000.
The Home Value To Income in Burnet is 4.6x.
The Rent To Monthly Income in Burnet is 0.14x.
The cost of living varies in the cities and towns around Burnet. Here's a quick look at the cost of living in the most populous nearby places:
Austin, TX has a cost of living index of 121, 1.3x Burnet.
Round Rock, TX has a cost of living index of 109, 1.2x Burnet.
Georgetown, TX has a cost of living index of 113, 1.2x Burnet.
| City | Population | Cost Of Living | Vs. Burnet |
|---|---|---|---|
| Austin, TX | 967,862 | 121 | 1.3x |
| Round Rock, TX | 124,288 | 109 | 1.2x |
| Georgetown, TX | 78,803 | 113 | 1.2x |
| Cedar Park, TX | 77,474 | 115 | 1.2x |
| Leander, TX | 67,880 | 112 | 1.2x |
| Pflugerville, TX | 65,162 | 109 | 1.2x |
| Hutto, TX | 32,188 | 106 | 1.1x |
| Brushy Creek, TX | 20,953 | 119 | 1.3x |
| Lakeway, TX | 19,130 | 140 | 1.5x |
| Wells Branch, TX | 14,156 | 106 | 1.1x |