Southlake, TX Cost Of Living

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

Cost Of Living In Southlake, TX Summary

Cost of living in Southlake 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 Southlake 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 Southlake is 150, with 100 being the average.

  • The cost of living index in Southlake is 1.5x higher than the national average.

  • Southlake ranks as the #400 cheapest in Texas out of 405.

  • Southlake ranks as the #5,843 cheapest out of 6,412 in the US.

  • The median home value in Southlake is $723,800.

  • The median income in Southlake is $239,833.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
150
Southlake's Overall Cost Of Living
1.5x
Higher Than The National Average

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 Texas, Southlake has a cost of living index that's 1.6x higher than Texas's index of 92.

The standard of living in Southlake ranks as #400 most affordable out of the 405 places we measured in Texas. By definition, that implies Southlake ranks as the #5 most expensive place in the Lone Star State.

For more reading on life in Southlake, check out:

400 out of 405
In Texas
5,843 out of 6,412
In America

Southlake Cost Of Living Vs. Texas

Six factors go into calculating the cost of living index in Southlake. Here is how it fairs on each of the criteria:

  • The Services index in Southlake is 101.

  • The Groceries index in Southlake is 95.

  • The Health index in Southlake is 97.

  • The Housing index in Southlake is 262.

  • The Transportation index in Southlake is 89.

  • The Utilities index in Southlake is 106.

Living Expense Southlake Texas National Average
Overall 150 92 100
Services 101 96 100
Groceries 95 93 100
Health 97 93 100
Housing 262 84 100
Transportation 89 92 100
Utilities 106 104 100
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 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 Southlake is $723,800.

  • The Median Rent in Southlake is $1,497.

  • The Median Income in Southlake is $239,833.

  • The Home Value To Income in Southlake is 3.0x.

  • The Rent To Monthly Income in Southlake is 0.07x.

Statistic Southlake Texas United States
Median Home Value $723,800 $202,600 $244,900
Median Rent $1,497 $1,146 $1,163
Median Income $239,833 $67,321 $69,021
Home Value To Income 3.0x 3.0x 3.5x
Rent To Monthly Income 0.07x 0.2x 0.2x
Search Homes For Sale In Southlake, TX
$723,800
Median Home Value
$1,497
Median Rent
$239,833
Median Income

Southlake, TX Costs By Category

Detailed Southlake Services Costs Vs. Texas

Item Southlake Texas
Shampoo $0.99 $1.06
Movie $10.24 $10.68
Bowling $18.08 $14.67
Haircut $27.56 $18.62
Beauty Salon $53.57 $39.05

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
Potatoes $2.67 $3.29
Pizza $9.31 $10.62
Beer $9.8 $9.38
Toothpaste $2.7 $2.34

Detailed Southlake Health Costs Vs. Texas

Item Southlake Texas
Optometrist $92.25 $108.57
Doctor $91.05 $116.17
Dentist $108.33 $99.13

Detailed Southlake Transportation Costs Vs. Texas

Item Southlake Texas
Gasoline $1.83 $2.22
Tire Balancing $47.98 $50.07

Detailed Southlake Utilities Costs Vs. Texas

Item Southlake Texas
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

The cost of living varies in the cities and towns around Southlake. 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 105, 0.7x Southlake.

  • Flower Mound, TX has a cost of living index of 117, 0.8x Southlake.

  • North Richland Hills, TX has a cost of living index of 99, 0.7x Southlake.

City Population Cost Of Living Vs. Southlake
Carrollton, TX 131,388 105 0.7x
Flower Mound, TX 75,050 117 0.8x
North Richland Hills, TX 69,817 99 0.7x
Grapevine, TX 50,548 109 0.7x
Bedford, TX 49,576 97 0.6x
Keller, TX 45,190 117 0.8x
The Colony, TX 43,489 102 0.7x
Coppell, TX 42,420 121 0.8x
Colleyville, TX 25,827 136 0.9x
Watauga, TX 23,649 93 0.6x

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