Rockwall cost of living 34% above national average
This article originally appeared in the Rockwall Herald-Banner
Rockwall residents are spending more money – $8,362 more – on most household bills than the national average, according to a recently released report from doxoInsights featured on CNBC.
Per the report, Rockwall residents spend an average of $2,743 a month (or $32,916 a year) for the most-common household bills compared to the national average of $2,046. Rockwall ranks as the 14th most expensive city in Texas.
In terms of cost of living, Rockwall is 34% higher than the national average and residents spend 29% of their income of $111,672 on household bills.
According to the doxoInsights report, Rockwall residents monthly spend on average $2,156 for a mortgage (or $1,438 for rent), $534 for auto loans, $309 for utilities, $111 for health insurance, $358 for auto insurance, $101 for cable and Internet, $157 for life insurance, $88 for cellular service and $76 for alarm/security.
In comparison, residents of nearby Royse City monthly spend on average $1,575 for a mortgage (or $1,518 for rent), $539 for auto loans, $340 for utilities, $112 for health insurance, $199 for auto insurance, $108 for cable and Internet, $75 for life insurance, $129 for cellular service and $84 for alarm/security.
The national costs for each of those categories was $1,321 for a mortgage (or $1,191 for rent), $467 for auto loans, $278 on utilities, $120 for health insurance, $207 for auto insurance, $118 for cable and Internet, $89 for life insurance, $119 for cellular service and $84 for alarm/security.
The report did not list costs for such expenses as gas, groceries, credit card bills, entertainment or several others.