Lake Dallas, TX Cost Of Living
Cost Of Living In Lake Dallas, TX Summary
Cost of living in Lake Dallas 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 Lake Dallas 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 Lake Dallas is 114, with 100 being the average.
The cost of living index in Lake Dallas is 1.1x higher than the national average.
Lake Dallas ranks as the #334 cheapest in Texas out of 414.
Lake Dallas ranks as the #4,023 cheapest out of 6,489 in the US.
The median home value in Lake Dallas is $343,599.
The median income in Lake Dallas is $74,241.
Table Of Contents
Lake Dallas's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Dallas, TX?
According to the most recent data on the cost of living, Lake Dallas has an overall cost of living index of 114, which is 1.1x higher than the national index of 100.
Compared to Texas, Lake Dallas has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Lake Dallas ranks as #334 most affordable out of the 414 places we measured in Texas. By definition, that implies Lake Dallas ranks as the #80 most expensive place in the Lone Star State.
For more reading on life in Lake Dallas, check out:
In Texas
In America
Lake Dallas Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Lake Dallas. Here is how it fairs on each of the criteria:
The Services index in Lake Dallas is 122.
The Groceries index in Lake Dallas is 99.
The Health index in Lake Dallas is 108.
The Housing index in Lake Dallas is 118.
The Transportation index in Lake Dallas is 93.
The Utilities index in Lake Dallas is 114.
| Living Expense | Lake Dallas | Texas | National Average | |
|---|---|---|---|---|
| Overall | 114 | 92 | 100 | |
| Services | 122 | 97 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 118 | 82 | 100 | |
| Transportation | 93 | 94 | 100 | |
| Utilities | 114 | 104 | 100 | |
Lake Dallas, TX Housing Cost Breakdown
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 Lake Dallas is $343,599.
The Median Rent in Lake Dallas is $1,507.
The Median Income in Lake Dallas is $74,241.
The Home Value To Income in Lake Dallas is 4.6x.
The Rent To Monthly Income in Lake Dallas is 0.24x.
| Statistic | Lake Dallas | Texas | United States |
|---|---|---|---|
| Median Home Value | $343,599 | $298,905 | $303,400 |
| Median Rent | $1,507 | $1,339 | $1,348 |
| Median Income | $74,241 | $76,292 | $78,538 |
| Home Value To Income | 4.6x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Dallas, TX Costs By Category
Detailed Lake Dallas Services Costs Vs. Texas
| Item | Lake Dallas | Texas |
|---|---|---|
| Shampoo | $1.22 | $1.28 |
| Movie | $11.85 | $12.13 |
| Bowling | $16.96 | $18 |
| Haircut | $23.57 | $24.26 |
| Beauty Salon | $35.11 | $45.56 |
Detailed Lake Dallas Groceries Costs Vs. Texas
| Item | Lake Dallas | Texas |
|---|---|---|
| Ground Beef | $5.44 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $11.96 | $12.09 |
| Beer | $10.27 | $10.41 |
| Toothpaste | $3.51 | $3.7 |
Detailed Lake Dallas Health Costs Vs. Texas
| Item | Lake Dallas | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed Lake Dallas Transportation Costs Vs. Texas
| Item | Lake Dallas | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed Lake Dallas Utilities Costs Vs. Texas
| Item | Lake Dallas | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
Lake Dallas SnackAbility
/10
Cost Of Living In Cities Around Lake Dallas
The cost of living varies in the cities and towns around Lake Dallas. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 129, 1.1x Lake Dallas.
Frisco, TX has a cost of living index of 139, 1.2x Lake Dallas.
Carrollton, TX has a cost of living index of 120, 1.1x Lake Dallas.
| City | Population | Cost Of Living | Vs. Lake Dallas |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.1x |
| Frisco, TX | 210,238 | 139 | 1.2x |
| Carrollton, TX | 132,741 | 120 | 1.1x |
| Lewisville, TX | 128,313 | 118 | 1.0x |
| Flower Mound, TX | 77,886 | 135 | 1.2x |
| Lakewood, WA | 63,034 | 127 | 1.1x |
| Little Elm, TX | 51,426 | 125 | 1.1x |
| Keller, TX | 45,598 | 134 | 1.2x |
| The Colony, TX | 44,916 | 120 | 1.1x |
| Coppell, TX | 42,029 | 135 | 1.2x |
