Wake Village, TX Cost Of Living
Cost Of Living In Wake Village, TX Summary
Cost of living in Wake Village 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 Wake Village 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 Wake Village is 88, with 100 being the average.
The cost of living index in Wake Village is 0.9x lower than the national average.
Wake Village ranks as the #103 cheapest in Texas out of 414.
Wake Village ranks as the #912 cheapest out of 6,489 in the US.
The median home value in Wake Village is $200,056.
The median income in Wake Village is $69,796.
Table Of Contents
Wake Village's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Wake Village, TX?
According to the most recent data on the cost of living, Wake Village has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Texas, Wake Village has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Wake Village ranks as #103 most affordable out of the 414 places we measured in Texas. By definition, that implies Wake Village ranks as the #311 most expensive place in the Lone Star State.
For more reading on life in Wake Village, check out:
In Texas
In America
Wake Village Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Wake Village. Here is how it fairs on each of the criteria:
The Services index in Wake Village is 99.
The Groceries index in Wake Village is 101.
The Health index in Wake Village is 101.
The Housing index in Wake Village is 76.
The Transportation index in Wake Village is 95.
The Utilities index in Wake Village is 86.
| Living Expense | Wake Village | Texas | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 99 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 101 | 93 | 100 | |
| Housing | 76 | 82 | 100 | |
| Transportation | 95 | 94 | 100 | |
| Utilities | 86 | 104 | 100 | |
Wake Village, 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 Wake Village is $200,056.
The Median Rent in Wake Village is $1,061.
The Median Income in Wake Village is $69,796.
The Home Value To Income in Wake Village is 2.9x.
The Rent To Monthly Income in Wake Village is 0.18x.
| Statistic | Wake Village | Texas | United States |
|---|---|---|---|
| Median Home Value | $200,056 | $298,905 | $303,400 |
| Median Rent | $1,061 | $1,339 | $1,348 |
| Median Income | $69,796 | $76,292 | $78,538 |
| Home Value To Income | 2.9x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.18x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Wake Village, TX Costs By Category
Detailed Wake Village Services Costs Vs. Texas
| Item | Wake Village | Texas |
|---|---|---|
| Shampoo | $1.13 | $1.28 |
| Movie | $13.4 | $12.13 |
| Bowling | $13.33 | $18 |
| Haircut | $20.94 | $24.26 |
| Beauty Salon | $41.39 | $45.56 |
Detailed Wake Village Groceries Costs Vs. Texas
| Item | Wake Village | Texas |
|---|---|---|
| Ground Beef | $6.18 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $5.08 | $4.93 |
| Pizza | $9.9 | $12.09 |
| Beer | $9.71 | $10.41 |
| Toothpaste | $3.19 | $3.7 |
Detailed Wake Village Health Costs Vs. Texas
| Item | Wake Village | Texas |
|---|---|---|
| Optometrist | $135.11 | $125.68 |
| Doctor | $90.67 | $135.78 |
| Dentist | $154.5 | $113.29 |
Detailed Wake Village Transportation Costs Vs. Texas
| Item | Wake Village | Texas |
|---|---|---|
| Gasoline | $3.1 | $3.46 |
| Tire Balancing | $67.93 | $59.92 |
Detailed Wake Village Utilities Costs Vs. Texas
| Item | Wake Village | Texas |
|---|---|---|
| All Electricity | $164.18 | $193.99 |
| Phone | $186.9 | $192.25 |
Wake Village SnackAbility
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