Woodway, TX Cost Of Living
Cost Of Living In Woodway, TX Summary
Cost of living in Woodway 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 Woodway 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 Woodway is 101, with 100 being the average.
The cost of living index in Woodway is 1.0x higher than the national average.
Woodway ranks as the #321 cheapest in Texas out of 405.
Woodway ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Woodway is $250,900.
The median income in Woodway is $105,483.
Table Of Contents
Woodway's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woodway, TX?
According to the most recent data on the cost of living, Woodway has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Texas, Woodway has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Woodway ranks as #321 most affordable out of the 405 places we measured in Texas. By definition, that implies Woodway ranks as the #84 most expensive place in the Lone Star State.
For more reading on life in Woodway, check out:
- Living In Woodway
- Woodway Crime Report
- Search Homes For Sale In Woodway, TX
In Texas
In America
Woodway Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Woodway. Here is how it fairs on each of the criteria:
The Services index in Woodway is 101.
The Groceries index in Woodway is 78.
The Health index in Woodway is 93.
The Housing index in Woodway is 111.
The Transportation index in Woodway is 89.
The Utilities index in Woodway is 103.
| Living Expense | Woodway | Texas | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 101 | 96 | 100 | |
| Groceries | 78 | 93 | 100 | |
| Health | 93 | 93 | 100 | |
| Housing | 111 | 84 | 100 | |
| Transportation | 89 | 92 | 100 | |
| Utilities | 103 | 104 | 100 | |
Woodway, 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 Woodway is $250,900.
The Median Rent in Woodway is $1,602.
The Median Income in Woodway is $105,483.
The Home Value To Income in Woodway is 2.4x.
The Rent To Monthly Income in Woodway is 0.18x.
| Statistic | Woodway | Texas | United States |
|---|---|---|---|
| Median Home Value | $250,900 | $202,600 | $244,900 |
| Median Rent | $1,602 | $1,146 | $1,163 |
| Median Income | $105,483 | $67,321 | $69,021 |
| Home Value To Income | 2.4x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Woodway, TX Costs By Category
Detailed Woodway Services Costs Vs. Texas
Detailed Woodway Groceries Costs Vs. Texas
Detailed Woodway Health Costs Vs. Texas
Detailed Woodway Transportation Costs Vs. Texas
Detailed Woodway Utilities Costs Vs. Texas
Woodway SnackAbility
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Cost Of Living In Cities Around Woodway
The cost of living varies in the cities and towns around Woodway. Here's a quick look at the cost of living in the most populous nearby places:
Killeen, TX has a cost of living index of 89, 0.9x Woodway.
Waco, TX has a cost of living index of 86, 0.9x Woodway.
Temple, TX has a cost of living index of 90, 0.9x Woodway.
| City | Population | Cost Of Living | Vs. Woodway |
|---|---|---|---|
| Killeen, TX | 150,082 | 89 | 0.9x |
| Waco, TX | 136,800 | 86 | 0.9x |
| Temple, TX | 80,793 | 90 | 0.9x |
| Copperas Cove, TX | 35,452 | 85 | 0.8x |
| Harker Heights, TX | 32,320 | 92 | 0.9x |
| Fort Hood, TX | 24,781 | 85 | 0.8x |
| Belton, TX | 22,866 | 88 | 0.9x |
| Gatesville, TX | 15,997 | 83 | 0.8x |
| Hewitt, TX | 15,707 | 93 | 0.9x |
| Robinson, TX | 12,336 | 94 | 0.9x |
