Roanoke, TX Cost Of Living
Cost Of Living In Roanoke, TX Summary
Cost of living in Roanoke 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 Roanoke 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 Roanoke is 126, with 100 being the average.
The cost of living index in Roanoke is 1.3x higher than the national average.
Roanoke ranks as the #375 cheapest in Texas out of 414.
Roanoke ranks as the #4,776 cheapest out of 6,489 in the US.
The median home value in Roanoke is $425,181.
The median income in Roanoke is $100,986.
Table Of Contents
Roanoke's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Roanoke, TX?
According to the most recent data on the cost of living, Roanoke has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to Texas, Roanoke has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Roanoke ranks as #375 most affordable out of the 414 places we measured in Texas. By definition, that implies Roanoke ranks as the #39 most expensive place in the Lone Star State.
For more reading on life in Roanoke, check out:
In Texas
In America
Roanoke Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Roanoke. Here is how it fairs on each of the criteria:
The Services index in Roanoke is 107.
The Groceries index in Roanoke is 100.
The Health index in Roanoke is 108.
The Housing index in Roanoke is 171.
The Transportation index in Roanoke is 89.
The Utilities index in Roanoke is 110.
| Living Expense | Roanoke | Texas | National Average | |
|---|---|---|---|---|
| Overall | 126 | 92 | 100 | |
| Services | 107 | 97 | 100 | |
| Groceries | 100 | 97 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 171 | 82 | 100 | |
| Transportation | 89 | 94 | 100 | |
| Utilities | 110 | 104 | 100 | |
Roanoke, 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 Roanoke is $425,181.
The Median Rent in Roanoke is $1,814.
The Median Income in Roanoke is $100,986.
The Home Value To Income in Roanoke is 4.2x.
The Rent To Monthly Income in Roanoke is 0.22x.
Median Home Value
Median Rent
Median Income
Roanoke, TX Costs By Category
Detailed Roanoke Services Costs Vs. Texas
Detailed Roanoke Groceries Costs Vs. Texas
Detailed Roanoke Health Costs Vs. Texas
Detailed Roanoke Transportation Costs Vs. Texas
Detailed Roanoke Utilities Costs Vs. Texas
Roanoke SnackAbility
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Cost Of Living In Cities Around Roanoke
The cost of living varies in the cities and towns around Roanoke. Here's a quick look at the cost of living in the most populous nearby places:
Carrollton, TX has a cost of living index of 120, 1.0x Roanoke.
Flower Mound, TX has a cost of living index of 135, 1.1x Roanoke.
Bedford, TX has a cost of living index of 111, 0.9x Roanoke.
| City | Population | Cost Of Living | Vs. Roanoke |
|---|---|---|---|
| Carrollton, TX | 132,741 | 120 | 1.0x |
| Flower Mound, TX | 77,886 | 135 | 1.1x |
| Bedford, TX | 49,191 | 111 | 0.9x |
| Keller, TX | 45,598 | 134 | 1.1x |
| The Colony, TX | 44,916 | 120 | 1.0x |
| Coppell, TX | 42,029 | 135 | 1.1x |
| Southlake, TX | 31,044 | 163 | 1.3x |
| Colleyville, TX | 25,906 | 157 | 1.2x |
| Watauga, TX | 23,336 | 107 | 0.8x |
| Corinth, TX | 22,868 | 124 | 1.0x |
