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 165, which is 1.6x higher than the national index of 100.
Compared to Texas, Southlake has a cost of living index that's 1.8x higher than Texas's index of 93.
The standard of living in Southlake ranks as #413 most affordable out of the 419 places we measured in Texas. By definition, that implies Southlake ranks as the #6 most expensive place in the Lone Star State.
For more reading on life in Southlake, check out:
Southlake Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Southlake. Here is how it fares on each of the criteria:
The Services index in Southlake is 95.
The Groceries index in Southlake is 99.
The Health index in Southlake is 314.
The Housing index in Southlake is 99.
The Transportation index in Southlake is 99.
The Utilities index in Southlake is 99.
| Living Expense | Southlake | Texas | National Average |
|---|---|---|---|
| Overall | 165 | 93 | 100 |
| Services | 95 | 100 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 314 | 81 | 100 |
| Housing | 99 | 97 | 100 |
| Transportation | 99 | 103 | 100 |
| Utilities | 99 | 100 | 100 |
Southlake Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Southlake Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
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 2020-2024. The key points are:
The Median Home Value in Southlake is $1,301,364.
The Median Rent in Southlake is $3,501.
The Median Income in Southlake is $250,001.
The Home Value To Income in Southlake is 5.2x.
The Rent To Monthly Income in Southlake is 0.17x.
Southlake, TX Costs By Category
Detailed Southlake Services costs vs. Texas
Detailed Southlake Groceries costs vs. Texas
Detailed Southlake Health costs vs. Texas
Detailed Southlake Transportation costs vs. Texas
Southlake SnackAbility
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 113, 0.7x Southlake.
Flower Mound, TX has a cost of living index of 128, 0.8x Southlake.
North Richland Hills, TX has a cost of living index of 109, 0.7x Southlake.
| City | Population | Cost Of Living | Vs. Southlake |
|---|---|---|---|
| Carrollton, TX | 133,740 | 113 | 0.7x |
| Flower Mound, TX | 78,389 | 128 | 0.8x |
| North Richland Hills, TX | 70,780 | 109 | 0.7x |
| Grapevine, TX | 51,139 | 125 | 0.8x |
| Bedford, TX | 49,085 | 104 | 0.6x |
| Keller, TX | 45,976 | 136 | 0.8x |
| The Colony, TX | 45,454 | 111 | 0.7x |
| Coppell, TX | 42,154 | 132 | 0.8x |
| Colleyville, TX | 26,012 | 151 | 0.9x |
| Corinth, TX | 23,385 | 111 | 0.7x |
