Red Oak, TX Cost Of Living
Cost Of Living In Red Oak, TX Summary
Cost of living in Red Oak 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 Red Oak 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 Red Oak is 98, with 100 being the average.
The cost of living index in Red Oak is 1.0x lower than the national average.
Red Oak ranks as the #300 cheapest in Texas out of 405.
Red Oak ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Red Oak is $249,700.
The median income in Red Oak is $86,902.
Table Of Contents
Red Oak's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Red Oak, TX?
According to the most recent data on the cost of living, Red Oak has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Texas, Red Oak has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Red Oak ranks as #300 most affordable out of the 405 places we measured in Texas. By definition, that implies Red Oak ranks as the #105 most expensive place in the Lone Star State.
For more reading on life in Red Oak, check out:
- Living In Red Oak
- Red Oak Crime Report
- Search Homes For Sale In Red Oak, TX
In Texas
In America
Red Oak Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Red Oak. Here is how it fairs on each of the criteria:
The Services index in Red Oak is 107.
The Groceries index in Red Oak is 101.
The Health index in Red Oak is 116.
The Housing index in Red Oak is 83.
The Transportation index in Red Oak is 94.
The Utilities index in Red Oak is 108.
| Living Expense | Red Oak | Texas | National Average | |
|---|---|---|---|---|
| Overall | 98 | 92 | 100 | |
| Services | 107 | 96 | 100 | |
| Groceries | 101 | 93 | 100 | |
| Health | 116 | 93 | 100 | |
| Housing | 83 | 84 | 100 | |
| Transportation | 94 | 92 | 100 | |
| Utilities | 108 | 104 | 100 | |
Red Oak, 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 Red Oak is $249,700.
The Median Rent in Red Oak is $1,429.
The Median Income in Red Oak is $86,902.
The Home Value To Income in Red Oak is 2.9x.
The Rent To Monthly Income in Red Oak is 0.2x.
| Statistic | Red Oak | Texas | United States |
|---|---|---|---|
| Median Home Value | $249,700 | $202,600 | $244,900 |
| Median Rent | $1,429 | $1,146 | $1,163 |
| Median Income | $86,902 | $67,321 | $69,021 |
| Home Value To Income | 2.9x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Red Oak, TX Costs By Category
Detailed Red Oak Services Costs Vs. Texas
Detailed Red Oak Groceries Costs Vs. Texas
Detailed Red Oak Health Costs Vs. Texas
Detailed Red Oak Transportation Costs Vs. Texas
Detailed Red Oak Utilities Costs Vs. Texas
Red Oak SnackAbility
/10
Cost Of Living In Cities Around Red Oak
The cost of living varies in the cities and towns around Red Oak. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 96, 1.0x Red Oak.
Grand Prairie, TX has a cost of living index of 99, 1.0x Red Oak.
DeSoto, TX has a cost of living index of 100, 1.0x Red Oak.
| City | Population | Cost Of Living | Vs. Red Oak |
|---|---|---|---|
| Dallas, TX | 1,300,239 | 96 | 1.0x |
| Grand Prairie, TX | 195,992 | 99 | 1.0x |
| DeSoto, TX | 55,761 | 100 | 1.0x |
| Cedar Hill, TX | 48,968 | 103 | 1.1x |
| Lancaster, TX | 41,057 | 96 | 1.0x |
| Duncanville, TX | 40,575 | 97 | 1.0x |
| Waxahachie, TX | 39,815 | 98 | 1.0x |
| Midlothian, TX | 33,914 | 102 | 1.0x |
| Ennis, TX | 19,942 | 94 | 1.0x |
| Seagoville, TX | 18,263 | 93 | 0.9x |
