Southlake, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
150
Southlake's Overall Cost Of Living
1.5x
Higher Than The National Average
400 out of 405
In Texas
5,843 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Southlake is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Southlake, TX?

According to the most recent data on the cost of living, Southlake has an overall cost of living index of 150 which is 1.5x higher than the national index of 100.

Compared to only Texas, Southlake has a cost of living index that's 1.6x higher than Texas's index of 94.

The standard of living in Southlake ranks as #5,846 most affordable out of the 6,418 places we measured in Texas. By definition, that implies Southlake ranks as the #573 most expensive place in the Lone Star State.

For more reading on life in Southlake, check out:

Southlake Cost Of Living Vs. Texas

Living Expense Southlake Texas National Average
Overall 150 94 100
Services 101 98 100
Groceries 95 89 100
Health 97 95 100
Housing 262 83 100
Transportation 89 89 100
Utilities 106 101 100
For more reading on cost of living around Texas, check out:
Southlake Cost of Living Vs. TX

Southlake, TX Housing Cost Breakdown

Housing swings affordability the most between places in Texas, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$697,000
Median Home Value
$1,337
Median Rent
$223,621
Median Income
Statistic Southlake Texas United States
Median Home Value $697,000 $187,200 $229,800
Median Rent $1,337 $1,082 $1,096
Median Income $223,621 $63,826 $64,994
Home Value To Income 3.1x 2.9x 3.5x
Rent To Monthly Income 0.07x 0.2x 0.2x

Detailed Southlake Services Costs Vs. Texas

Item Southlake Texas
Shampoo $0.99 $1.06
Movie $10.24 $10.68
Bowling $18.08 $14.67

Detailed Southlake Groceries Costs Vs. Texas

Item Southlake Texas
Ground Beef $5.2 $4.22
Fried Chicken $1.87 $1.39
Milk $1.92 $2.05

Detailed Southlake Health Costs Vs. Texas

Item Southlake Texas
Haircut $27.56 $18.62
Beauty Salon $53.57 $39.05
Toothpaste $2.7 $2.34

Detailed Southlake Transportation Costs Vs. Texas

Item Southlake Texas
Potatoes $2.67 $3.29
Pizza $9.31 $10.62
Beer $9.8 $9.38
Optometrist $92.25 $108.57
Doctor $91.05 $116.17
Dentist $108.33 $99.13

Detailed Southlake Utilities Costs Vs. Texas

Item Southlake Texas
Gasoline $1.83 $2.22
Tire Balancing $47.98 $50.07
All Electricity $187.94 $167.67
Phone $184.73 $175.64

Southlake SnackAbility

10
/10
Overall SnackAbility
Jobs
9.5/10
Housing
9
Affordability
8.5
Diversity
8.5
Safety
8.5
Amenities
8.5
Education
10
Commute
5

Cost Of Living In Cities Around Southlake

City Population Cost Of Living Vs. Southlake
Carrollton, TX 137,319 105 0.7x
Flower Mound, TX 78,854 117 0.8x
North Richland Hills, TX 70,585 99 0.7x
Grapevine, TX 54,151 109 0.7x
Bedford, TX 49,145 97 0.6x
Keller, TX 46,885 117 0.8x
The Colony, TX 43,791 102 0.7x
Coppell, TX 41,494 121 0.8x
Colleyville, TX 26,766 136 0.9x
Watauga, TX 24,487 93 0.6x

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