Oak Point, TX Cost Of Living
Cost Of Living In Oak Point, TX Summary
Cost of living in Oak Point 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 Oak Point 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 Oak Point is 106, with 100 being the average.
The cost of living index in Oak Point is 1.1x higher than the national average.
Oak Point ranks as the #350 cheapest in Texas out of 405.
Oak Point ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Oak Point is $297,800.
The median income in Oak Point is $97,308.
Table Of Contents
Oak Point's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oak Point, TX?
According to the most recent data on the cost of living, Oak Point has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Texas, Oak Point has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Oak Point ranks as #350 most affordable out of the 405 places we measured in Texas. By definition, that implies Oak Point ranks as the #55 most expensive place in the Lone Star State.
For more reading on life in Oak Point, check out:
- Living In Oak Point
- Search Homes For Sale In Oak Point, TX
In Texas
In America
Oak Point Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Oak Point. Here is how it fairs on each of the criteria:
The Services index in Oak Point is 111.
The Groceries index in Oak Point is 97.
The Health index in Oak Point is 78.
The Housing index in Oak Point is 113.
The Transportation index in Oak Point is 99.
The Utilities index in Oak Point is 111.
| Living Expense | Oak Point | Texas | National Average | |
|---|---|---|---|---|
| Overall | 106 | 92 | 100 | |
| Services | 111 | 96 | 100 | |
| Groceries | 97 | 93 | 100 | |
| Health | 78 | 93 | 100 | |
| Housing | 113 | 84 | 100 | |
| Transportation | 99 | 92 | 100 | |
| Utilities | 111 | 104 | 100 | |
Oak Point, 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 Oak Point is $297,800.
The Median Rent in Oak Point is $2,165.
The Median Income in Oak Point is $97,308.
The Home Value To Income in Oak Point is 3.1x.
The Rent To Monthly Income in Oak Point is 0.27x.
| Statistic | Oak Point | Texas | United States |
|---|---|---|---|
| Median Home Value | $297,800 | $202,600 | $244,900 |
| Median Rent | $2,165 | $1,146 | $1,163 |
| Median Income | $97,308 | $67,321 | $69,021 |
| Home Value To Income | 3.1x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.27x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Oak Point, TX Costs By Category
Detailed Oak Point Services Costs Vs. Texas
Detailed Oak Point Groceries Costs Vs. Texas
Detailed Oak Point Health Costs Vs. Texas
Detailed Oak Point Transportation Costs Vs. Texas
Detailed Oak Point Utilities Costs Vs. Texas
Oak Point SnackAbility
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Cost Of Living In Cities Around Oak Point
The cost of living varies in the cities and towns around Oak Point. 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 Oak Point.
Frisco, TX has a cost of living index of 120, 1.1x Oak Point.
McKinney, TX has a cost of living index of 112, 1.1x Oak Point.
| City | Population | Cost Of Living | Vs. Oak Point |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.1x |
| Frisco, TX | 193,140 | 120 | 1.1x |
| McKinney, TX | 189,394 | 112 | 1.1x |
| Carrollton, TX | 131,388 | 105 | 1.0x |
| Allen, TX | 102,778 | 110 | 1.0x |
| Flower Mound, TX | 75,050 | 117 | 1.1x |
| Lakewood, WA | 62,972 | 115 | 1.1x |
| Little Elm, TX | 45,124 | 107 | 1.0x |
| The Colony, TX | 43,489 | 102 | 1.0x |
| Coppell, TX | 42,420 | 121 | 1.1x |
