Lake Dallas, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 102, with 100 being the average.

  • The cost of living index in Lake Dallas is 1.0x higher than the national average.

  • Lake Dallas ranks as the #330 cheapest in Texas out of 405.

  • Lake Dallas ranks as the #3,380 cheapest out of 6,412 in the US.

  • The median home value in Lake Dallas is $209,000.

  • The median income in Lake Dallas is $64,921.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
102
Lake Dallas's Overall Cost Of Living
1.0x
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 102, which is 1.0x higher than the national index of 100.

Compared to Texas, Lake Dallas has a cost of living index that's 1.1x higher than Texas's index of 92.

The standard of living in Lake Dallas ranks as #330 most affordable out of the 405 places we measured in Texas. By definition, that implies Lake Dallas ranks as the #75 most expensive place in the Lone Star State.

For more reading on life in Lake Dallas, check out:

330 out of 405
In Texas
3,380 out of 6,412
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 113.

  • The Groceries index in Lake Dallas is 98.

  • The Health index in Lake Dallas is 78.

  • The Housing index in Lake Dallas is 88.

  • The Transportation index in Lake Dallas is 97.

  • The Utilities index in Lake Dallas is 112.

Living Expense Lake Dallas Texas National Average
Overall 102 92 100
Services 113 96 100
Groceries 98 93 100
Health 78 93 100
Housing 88 84 100
Transportation 97 92 100
Utilities 112 104 100
For more reading on cost of living around Texas, check out:
Lake Dallas Cost of Living Vs. TX

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 2017-2021. The key points are:

  • The Median Home Value in Lake Dallas is $209,000.

  • The Median Rent in Lake Dallas is $1,209.

  • The Median Income in Lake Dallas is $64,921.

  • The Home Value To Income in Lake Dallas is 3.2x.

  • The Rent To Monthly Income in Lake Dallas is 0.22x.

Statistic Lake Dallas Texas United States
Median Home Value $209,000 $202,600 $244,900
Median Rent $1,209 $1,146 $1,163
Median Income $64,921 $67,321 $69,021
Home Value To Income 3.2x 3.0x 3.5x
Rent To Monthly Income 0.22x 0.2x 0.2x
Search Homes For Sale In Lake Dallas, TX
$209,000
Median Home Value
$1,209
Median Rent
$64,921
Median Income

Lake Dallas, TX Costs By Category

Detailed Lake Dallas Services Costs Vs. Texas

Item Lake Dallas Texas
Shampoo $1.4 $1.06
Movie $11.58 $10.68
Bowling $21.11 $14.67
Haircut $17.97 $18.62
Beauty Salon $52.92 $39.05

Detailed Lake Dallas Groceries Costs Vs. Texas

Item Lake Dallas Texas
Ground Beef $4.07 $4.22
Fried Chicken $1.33 $1.39
Milk $1.98 $2.05
Potatoes $2.72 $3.29
Pizza $12.8 $10.62
Beer $9.91 $9.38
Toothpaste $2.33 $2.34

Detailed Lake Dallas Health Costs Vs. Texas

Item Lake Dallas Texas
Optometrist $125.0 $108.57
Doctor $68.0 $116.17
Dentist $75.75 $99.13

Detailed Lake Dallas Transportation Costs Vs. Texas

Item Lake Dallas Texas
Gasoline $2.12 $2.22
Tire Balancing $52.86 $50.07

Detailed Lake Dallas Utilities Costs Vs. Texas

Item Lake Dallas Texas
All Electricity $194.23 $167.67
Phone $185.48 $175.64

Lake Dallas SnackAbility

8
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
6
Diversity
9
Safety
8
Amenities
8.5
Education
6
Commute
6

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 114, 1.1x Lake Dallas.

  • Frisco, TX has a cost of living index of 120, 1.2x Lake Dallas.

  • Carrollton, TX has a cost of living index of 105, 1.0x Lake Dallas.

City Population Cost Of Living Vs. Lake Dallas
Plano, TX 282,181 114 1.1x
Frisco, TX 193,140 120 1.2x
Carrollton, TX 131,388 105 1.0x
Lewisville, TX 110,077 100 1.0x
Flower Mound, TX 75,050 117 1.1x
Lakewood, WA 62,972 115 1.1x
Keller, TX 45,190 117 1.1x
Little Elm, TX 45,124 107 1.0x
The Colony, TX 43,489 102 1.0x
Coppell, TX 42,420 121 1.2x

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