Texas Reality Check Budget Data 2012-2013 X Design Group, Inc www.xdesigngroup.com
Texas Reality Check Texas Reality Check Website Texas Reality Check is a website designed to provide In the following pages you will find the data sets we used for the Texas Reality Check. For the following screens: Food, Clothes, Entertainment, Personal Maintenance, Miscellaneous and Savings Plan, the data amounts will remain the same. They are arbitrary numbers. X Design Group Page 1 of 17
HOUSING DATA The Housing Data is compiled using Zillow.com Single Family Median Sales Price (Nov. 2011 year-to-year). To arrive at a monthly mortgage we used BankRate.com mortgage calculator for a 30-year mortgage at 5% interest. We did not include a down payment or property taxes since these tend to negate each other. The down payment will bring the monthly housing payment down, but property taxes will increase it roughly the same amount. HOUSE DATA Following are the actual housing amounts. Texas Reality Check Zillow.com Median Single Family Median Sales Price Monthly Mortgage based on 30 yr, 5% Abilene $128,000 $687 Amarillo $134,900 $724 Arlington $134,900 $724 X Design Group Page 2 of 17
Austin $250,000 $1,342 Beaumont $134,000 $719 Brazoria $139,500 $749 Bryan-College Station $139,900 $751 Conroe $184,900 $993 Corpus Christi $159,900 $858 Dallas $209,900 $1,127 Del Rio-Eagle Pass $150,000 $805 El Paso $150,300 $807 Fort Worth $137,900 $740 Harlingen $105,000 $564 Houston $174,900 $939 Laredo $148,000 $794 Longview $187,500 $1,007 Lubbock $127,700 $686 Lufkin-Nacogdoches $139,900 $751 McAllen $157,000 $843 Midland $215,000 $1,154 Odessa $135,500 $727 Paris $124,000 $666 Plano $234,900 $1,261 San Angelo $140,000 $752 San Antonio $140,000 $752 San Marcos $167,900 $901 Seguin $131,200 $704 Sherman-Denison $124,500 $668 Temple $119,900 $644 Texarkana $157,000 $843 Tyler $184,500 $990 Victoria $139,900 $751 Waco $129,900 $697 Weatherford $149,000 $800 Wichita Falls $116,900 $628 Appendix A contains the Housing Data details. X Design Group Page 3 of 17
RENT DATA The Rent Data is from the U.S. Department of Housing and Urban Development (HUD) 50 th Percentile Rent Estimates 2011. The data is provided on a county basis. HUD provides another data set, Fair Market Rents; however, this data is intended to set government assisted housing rents. City Efficiency Apt. 1 Bedroom Apt. 2 Bedroom Apt. Abilene $571 $600 $757 Amarillo $548 $594 $742 Arlington $667 $709 $863 Austin $713 $812 $989 Beaumont $556 $624 $746 Brazoria $658 $733 $843 Bryan-College Station $571 $645 $788 Conroe $694 $772 $937 Corpus Christi $694 $713 $885 Dallas $696 $770 $930 Del Rio-Eagle Pass $450 $539 $636 El Paso $562 $602 $718 Fort Worth $667 $709 $863 Harlingen $503 $581 $665 Houston $694 $772 $937 Laredo $568 $622 $744 Longview $583 $612 $703 Lubbock $508 $619 $782 Lufkin-Nacogdoches $606 $690 $772 McAllen $516 $567 $669 Midland $597 $646 $850 Odessa $547 $580 $760 Paris $451 $523 $656 Plano $696 $770 $930 San Angelo $533 $615 $783 San Antonio $590 $656 $810 X Design Group Page 4 of 17
San Marcos $713 $812 $989 Seguin $590 $656 $810 Sherman-Denison $604 $637 $748 Temple $516 $571 $725 Texarkana $532 $538 $662 Tyler $617 $725 $816 Victoria $521 $600 $768 Waco $640 $641 $797 Weatherford $667 $709 $863 Wichita Falls $604 $635 $756 Appendix B contains the raw data obtained from HUD. X Design Group Page 5 of 17
UTILITIES For utilities we used a variety of sources. For electricity and phone data we used 2011 2 nd Quarter ACCRA Data for the cities listed and used a statewide average for those not listed. For the rest of the utilities the data will be the same for all cities. The data is from associations or foundations that conduct national surveys. There is no individual city data. The mobile phone data comes from CTIA, The International Association for the Wireless Telecommunications. They conduct a semi annual survey. The cable TV data is from the FCC and their annual survey. Internet data is from the Pew Internet & American Life Project. X Design Group Page 6 of 17
Utilities Data Following are the actual data numbers we will be using. City Electricity Phone Mobile Phone Cable TV Internet Abilene $199 $102 $22 $47 $52 Amarillo $194 $102 $27 $47 $52 Arlington $194 $102 $27 $47 $52 Austin $209 $102 $26 $47 $52 Beaumont $189 $102 $30 $47 $52 Brazoria $194 $102 $27 $47 $52 Bryan-College Station $194 $102 $27 $47 $52 Conroe $155 $102 $24 $47 $52 Corpus Christi $200 $102 $30 $47 $52 Dallas $210 $102 $25 $47 $52 Del Rio-Eagle Pass $194 $102 $27 $47 $52 El Paso $194 $102 $27 $47 $52 Fort Worth $194 $102 $29 $47 $52 Harlingen $194 $102 $27 $47 $52 Houston $194 $102 $27 $47 $52 Laredo $194 $102 $27 $47 $52 Longview $194 $102 $27 $47 $52 Lubbock $190 $102 $30 $47 $52 Lufkin-Nacogdoches $194 $102 $27 $47 $52 McAllen $156 $102 $24 $47 $52 Midland $194 $102 $27 $47 $52 Odessa $238 $102 $28 $47 $52 Paris $194 $102 $27 $47 $52 Plano $194 $102 $27 $47 $52 San Angelo $194 $102 $27 $47 $52 San Antonio $194 $102 $27 $47 $52 San Marcos $199 $102 $22 $47 $52 Seguin $194 $102 $27 $47 $52 Sherman-Denison $194 $102 $27 $47 $52 Temple $209 $102 $26 $47 $52 X Design Group Page 7 of 17
Texarkana $189 $102 $30 $47 $52 Tyler $194 $102 $27 $47 $52 Victoria $155 $102 $24 $47 $52 Waco $200 $102 $30 $47 $52 Weatherford $210 $102 $25 $47 $52 Wichita Falls $194 $102 $27 $47 $52 Appendix C contains the raw data sources. X Design Group Page 8 of 17
TRANSPORTATION Texas Reality Check Website The transportation data was accumulated from individual city sites and from Edmunds.com There are 6 options in transportation: 1. Human Power 2. Bus 3. Used Auto 2009 Scion tc 4. Basic Auto 2011 Chevrolet Camaro 5. Average Auto 2011 Ford F-150 6. Luxury Auto 2011 Cadillac Escalade 1. Human Power data shows up as $0 cost. 2. The Bus data consists of the cost of a monthly pass for each city s major public transportation. For those cities without a monthly pass, we multiplied daily adult fare by 40 (2 fares per day for 20 days). The data was collected from each city s transit. A zero amount appears for those cities without pubic transit. X Design Group Page 9 of 17
3. 6. The data for each auto type is from Edmunds.com 'True Cost To Own". This data is the same for all cities in Texas. The autos selected have high teen appeal. Edmunds.com True Cost To Own addresses the total cost to own a vehicle. It includes financing, taxes & fees, insurance, fuel, maintenance, repair & depreciation and does not just include the purchase price. This information is free of charge on any vehicle: http://www.edmunds.com/tco.html X Design Group Page 10 of 17
Following are the actual data numbers. City Bus Transportation Data Used Auto Texas Reality Check Website Basic Auto Average Auto Luxury Auto Abilene $36 $543 $733 $808 $1,310 Amarillo $16 $543 $733 $808 $1,310 Arlington $43 $543 $733 $808 $1,310 Austin $48 $543 $733 $808 $1,310 Beaumont $75 $543 $733 $808 $1,310 Brazoria $37 $543 $733 $808 $1,310 Bryan-College Station $37 $543 $733 $808 $1,310 Conroe $80 $543 $733 $808 $1,310 Corpus Christi $55 $543 $733 $808 $1,310 Dallas $34 $543 $733 $808 $1,310 Del Rio-Eagle Pass $37 $543 $733 $808 $1,310 El Paso $48 $543 $733 $808 $1,310 Fort Worth $50 $543 $733 $808 $1,310 Harlingen $100 $543 $733 $808 $1,310 Houston $37 $543 $733 $808 $1,310 Laredo $37 $543 $733 $808 $1,310 Longview $47 $543 $733 $808 $1,310 Lubbock $72 $543 $733 $808 $1,310 Lufkin-Nacogdoches $37 $543 $733 $808 $1,310 McAllen $72 $543 $733 $808 $1,310 Midland $70 $543 $733 $808 $1,310 Odessa $60 $543 $733 $808 $1,310 Paris $52 $543 $733 $808 $1,310 Plano $60 $543 $733 $808 $1,310 San Angelo $65 $543 $733 $808 $1,310 San Antonio $30 $543 $733 $808 $1,310 San Marcos $36 $543 $733 $808 $1,310 Seguin $16 $543 $733 $808 $1,310 Sherman-Denison $43 $543 $733 $808 $1,310 Temple $48 $543 $733 $808 $1,310 X Design Group Page 11 of 17
Texarkana $75 $543 $733 $808 $1,310 Tyler $37 $543 $733 $808 $1,310 Victoria $80 $543 $733 $808 $1,310 Waco $55 $543 $733 $808 $1,310 Weatherford $34 $543 $733 $808 $1,310 Wichita Falls $48 $543 $733 $808 $1,310 Appendix D contains the raw data sources. X Design Group Page 12 of 17
HEALTH CARE The data for Health Care comes from two sources. Health Insurance I and II data is from the Kaiser Family Foundation s Employer Health Benefits 2010 Annual Survey. This data will be the same for all cities. The data for the Doctor s Visit and Dentist s Visit is from ACCRA Cost of Living Index Second Quarter 2011. X Design Group Page 13 of 17
Following are the actual data numbers. City HEALTH CARE DATA Health Insurance 1 Health Insurance 2 Texas Reality Check Website Doctor s Visit Dentist s Visit Abilene $73 $417 $112 $93 Amarillo $73 $417 $98 $96 Arlington $73 $417 $98 $96 Austin $73 $417 $85 $89 Beaumont $73 $417 $90 $95 Brazoria $73 $417 $98 $96 Bryan-College Station $73 $417 $98 $96 Conroe $73 $417 $125 $105 Corpus Christi $73 $417 $96 $98 Dallas $73 $417 $70 $92 Del Rio-Eagle Pass $73 $417 $98 $96 El Paso $73 $417 $98 $96 Fort Worth $73 $417 $81 $87 Harlingen $73 $417 $98 $96 Houston $73 $417 $98 $96 Laredo $73 $417 $98 $96 Longview $73 $417 $98 $96 Lubbock $73 $417 $99 $98 Lufkin-Nacogdoches $73 $417 $98 $96 McAllen $73 $417 $121 $95 Midland $73 $417 $107 $106 Odessa $73 $417 $98 $96 Paris $73 $417 $98 $96 Plano $73 $417 $98 $96 San Angelo $73 $417 $98 $96 San Antonio $73 $417 $98 $96 San Marcos $73 $417 $112 $93 Seguin $73 $417 $98 $96 Sherman-Denison $73 $417 $98 $96 Temple $73 $417 $85 $89 X Design Group Page 14 of 17
Texarkana $73 $417 $90 $95 Tyler $73 $417 $98 $96 Victoria $73 $417 $125 $105 Waco $73 $417 $96 $98 Weatherford $73 $417 $70 $92 Wichita Falls $73 $417 $98 $96 Appendix E contains the raw data sources. X Design Group Page 15 of 17
STUDENT LOAN DEBT Texas Reality Check Website There are numerous sources for Student Loan Debt data. These range from foundations dedicated to student debt to government agencies, which provide data on higher education expenses. The sources differentiate student debt by type of degree and institution type (public vs. private). There is no individual city data. The most comprehensive data comes from www.finaid.org. They analyze source data from the National Center for Education Statistics (http://nces.ed.gov) to arrive at the following: On the following page you will find the median student loan amounts by degree type and the maximum repayment period for each. The amount listed in the Student Loan Debt Expense reflect the amount listed for the degree type divided by the maximum number of years listed in the repayment period table along with a 5% interest rate. X Design Group Page 16 of 17
Median Loan Amounts listed for Master s Degree and Professional Degree are cumulative borrowing for undergraduate and graduate education. Median Loan Amounts Public College/University Private College/University For-Profit College/University Certificate Degree $10,833 $11,772 $12,712 Associate Degree $11,640 $21,406 $22,738 Bachelor's Degree $23,494 $34,572 $35,753 Master's Degree $37,420 $46,660 N/A Professional Degree $72,900 $87,560 N/A Repayment Period Public College/University Private College/University For-Profit College/University Certificate Degree 15 yrs 15 yrs 15 yrs Associate Degree 15 yrs 20 yrs 20 yrs Bachelor's Degree 20 yrs 20 yrs 20 yrs Master's Degree 20 yrs 25 yrs N/A Professional Degree 30 yrs 30 yrs N/A X Design Group Page 17 of 17