Southlake, TX Cost Of Living
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
Southlake's Overall Cost Of Living
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:
- Living In Southlake
- Southlake Crime Report
- Search Homes For Sale In Southlake, TX
In Texas
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 | |
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 |
Median Home Value
Median Rent
Median Income
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
Detailed Southlake Utilities Costs Vs. Texas
Southlake SnackAbility
/10
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 |
