Lakewood Village, TX Cost of Living


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Lakewood Village cost of living score
107.6
More expensive
7.6% higher
than the US average
14.2% higher
than the Texas average
Lakewood Village, Texas gets a BestPlaces Cost of Living score of 107.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 7.6% higher than the U.S. average and 14.2% higher than the average for Texas.

Lakewood Village, TX

Housing costs in Lakewood Village?
A typical home costs $445,700, which is 31.8% more expensive than the national average of $338,100 and 49.8% more expensive than the average Texas home, at $297,600. Renting a two-bedroom unit in Lakewood Village costs $2,240 per month, which is 56.6% more than the national average of $1,430 and 42.9% more than the state average of $1,280.

Can I afford Lakewood Village?
To live comfortably in Lakewood Village, Texas, a minimum annual income of $85,320 for a family, and $76,000 for a single person is recommended.

What does A.I. say about Lakewood Village?
The cost of living in Lakewood Village, TX is definitely on the rise. Housing prices are increasing as more people move to the area, but property taxes remain low in comparison to other parts of the country. Groceries and other everyday items have also seen an increase in price, although it is still lower than what one would expect from larger cities. For those looking for an affordable place to call home, Lakewood Village offers a great balance of affordable living with all the amenities of being near a big city.
   Cost of living score
     CategoriesLakewood VillageTexasUnited States
  107.694.2100.0
  100.593.7100
  100.5100.0100.0
  136.883.5100.0
  $445,700$297,600$338,100
  100.2%99.2%100.0%
  97.4103.3100.0
  104.083.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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