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Cost of Living

The Smith County / Tyler MSA cost of living index at the third quarter of 2014 was 94.3 of 100, and has consistently been 90-96% of the national average for the past five years. Cost of living indexes measure the relative price levels for consumer goods and services compared against the national average. The national average is always 100. Indexes below 100 indicate lower prices (less expensive) than the national average.

For example, the grocery index is 89.0. If during the third quarter of 2014 you bought a $100 basket of groceries in a city with a grocery index of 100, you would pay $100, the national average, for those groceries. However, in Smith County, you would only pay $89.00 for that same basket of groceries - a savings of $11.00, or 11%. In other words, your hard-earned dollars can buy more goods here than anywhere in the nation on average.

 

City of Lindale Building Permit History


 Year Commercial
New
Value  Commercial
Remodel
 Value
         
2004 8 $15,847,780 7 $487,000
2005 17 $3,897,000 7 $145,000
2006 14 $3,585,308 15 $436,300
2007 9 $7,762,083 18 $712,365
2008 3 $1,135,000 36 $880426
2009 3 $3,940,000 15 $902,971
2010 6 $37,760,000 14 $4,012,550
2011 12 $3,834,027 5 $204,975
2012 3 $1,542,000 17 $468,324
2013 8 $12,710,000 35 $848,431
2014 8 $1,177,204 33 $310,239

 

 Year Residential
New
Value  Residential
Remodel
 Value
         
2004 69 $8,554,844 17 $120,100
2005 74 $10,928,813 $66,545
2006 75 $9,068,235 7 $36,000
2007 30 $5,296,944 9 $94,000
2008 13 $2,373,385 385 $1,708,971
2009 15 $2,826,500 43 $223,524
2010 57 $8,213,988 23 $104,992
2011 44 $3,978,717 15 $72,325
2012 41 $7,349,091 27 $52,300
2013 50 $7,762,541 52 $465,913
2014 48 $7,430,091 57 $278,402