Housing costs in Southlake?
A typical home costs
$1,166,100, which is 244.9% more expensive than the national average of
$338,100 and 291.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Southlake costs
$1,920 per month, which is 34.3% more than the national average of
$1,430 and 33.3% more than the state average of
$1,280.
Can I afford Southlake?
To live comfortably in Southlake, Texas, a minimum annual income of
$223,560 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about Southlake?
Southlake, TX is known for its high cost of living. The median household income in the area is $125,104, more than twice the national average. This is largely due to the city's popularity as a wealthy suburban enclave. Housing costs are high; the median home value in Southlake is $433,769, and rental rates are similarly expensive. Other costs such as food and entertainment can be quite costly. However, many people feel that it's worth it to live in such an affluent community. With close proximity to Dallas-Fort Worth International Airport and various shopping centers, Southlake offers a high quality of life for its residents.