Red Oak, TX

Living costs in Red Oak land close to the national average, with a Cost Index of 103 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $318,200, and typical monthly rents run around $1,527. Groceries and utilities are in line with what you would find in most US cities.

Start with housing. Typical monthly rent is $1,527, while local median household income is $104,125. That implies a rent-burden proxy of about 18% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Texas is one of the few states with no state income tax, which can save residents thousands of dollars per year. The effective property tax rate is 1.6%. On a home worth $318,200, that translates to roughly $5,091 per year in property taxes. Sales tax (state + local) averages around 8.19% on everyday purchases.

The typical monthly rent in Red Oak is around $1,527. That's about 13% higher than the $1,348 national median. For comparison, the median home value here is $318,200, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Red Oak is valued at $318,200. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,609/month for principal and interest alone — before property taxes and insurance. About 82% of residents here own their homes.

Grocery prices in Red Oak are about average compared to the rest of the US (index: 103, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 91). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Red Oak is a small town with a population of about 15,909. The median age of residents is 35.8, which is close to the national median. The local poverty rate is 6.93%, well below the national average of 12.4%.