Little Elm, TX Cost Of Living
Cost Of Living In Little Elm, TX Summary
Cost of living in Little Elm 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 Little Elm 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 Little Elm is 125, with 100 being the average.
The cost of living index in Little Elm is 1.2x higher than the national average.
Little Elm ranks as the #370 cheapest in Texas out of 414.
Little Elm ranks as the #4,715 cheapest out of 6,489 in the US.
The median home value in Little Elm is $413,481.
The median income in Little Elm is $116,036.
Table Of Contents
Little Elm's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Little Elm, TX?
According to the most recent data on the cost of living, Little Elm has an overall cost of living index of 125, which is 1.2x higher than the national index of 100.
Compared to Texas, Little Elm has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Little Elm ranks as #370 most affordable out of the 414 places we measured in Texas. By definition, that implies Little Elm ranks as the #44 most expensive place in the Lone Star State.
For more reading on life in Little Elm, check out:
In Texas
In America
Little Elm Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Little Elm. Here is how it fairs on each of the criteria:
The Services index in Little Elm is 120.
The Groceries index in Little Elm is 98.
The Health index in Little Elm is 111.
The Housing index in Little Elm is 155.
The Transportation index in Little Elm is 96.
The Utilities index in Little Elm is 115.
| Living Expense | Little Elm | Texas | National Average | |
|---|---|---|---|---|
| Overall | 125 | 92 | 100 | |
| Services | 120 | 97 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 111 | 93 | 100 | |
| Housing | 155 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 115 | 104 | 100 | |
Little Elm, 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 Little Elm is $413,481.
The Median Rent in Little Elm is $1,900.
The Median Income in Little Elm is $116,036.
The Home Value To Income in Little Elm is 3.6x.
The Rent To Monthly Income in Little Elm is 0.2x.
| Statistic | Little Elm | Texas | United States |
|---|---|---|---|
| Median Home Value | $413,481 | $298,905 | $303,400 |
| Median Rent | $1,900 | $1,339 | $1,348 |
| Median Income | $116,036 | $76,292 | $78,538 |
| Home Value To Income | 3.6x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Little Elm, TX Costs By Category
Detailed Little Elm Services Costs Vs. Texas
| Item | Little Elm | 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 Little Elm Groceries Costs Vs. Texas
| Item | Little Elm | 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 Little Elm Health Costs Vs. Texas
| Item | Little Elm | Texas |
|---|---|---|
| Optometrist | $96.63 | $125.68 |
| Doctor | $131.0 | $135.78 |
| Dentist | $86.73 | $113.29 |
Detailed Little Elm Transportation Costs Vs. Texas
| Item | Little Elm | Texas |
|---|---|---|
| Gasoline | $3.47 | $3.46 |
| Tire Balancing | $66.47 | $59.92 |
Detailed Little Elm Utilities Costs Vs. Texas
| Item | Little Elm | Texas |
|---|---|---|
| All Electricity | $145.64 | $193.99 |
| Phone | $208.71 | $192.25 |
Little Elm SnackAbility
/10
Cost Of Living In Cities Around Little Elm
The cost of living varies in the cities and towns around Little Elm. 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, 1.0x Little Elm.
Frisco, TX has a cost of living index of 139, 1.1x Little Elm.
McKinney, TX has a cost of living index of 130, 1.0x Little Elm.
| City | Population | Cost Of Living | Vs. Little Elm |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.0x |
| Frisco, TX | 210,238 | 139 | 1.1x |
| McKinney, TX | 202,314 | 130 | 1.0x |
| Carrollton, TX | 132,741 | 120 | 1.0x |
| Richardson, TX | 118,269 | 123 | 1.0x |
| Allen, TX | 107,684 | 129 | 1.0x |
| Flower Mound, TX | 77,886 | 135 | 1.1x |
| Lakewood, WA | 63,034 | 127 | 1.0x |
| The Colony, TX | 44,916 | 120 | 1.0x |
| Coppell, TX | 42,029 | 135 | 1.1x |
