Housing costs in Oak Island?
A typical home costs
$353,400, which is 4.5% more expensive than the national average of
$338,100 and 18.8% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Oak Island costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 33.3% cheaper than the state average of
$1,280.
Can I afford Oak Island?
To live comfortably in Oak Island, Texas, a minimum annual income of
$67,680 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Oak Island?
The cost of living in Oak Island, TX is very affordable and can fit within almost any budget. According to BestPlaces’s Cost of Living Index, the city has an index score of 65.50 which is well below the national average. Rent prices in Oak Island are also quite reasonable compared to other cities in Texas, ranging from $600-$900 per month for a one-bedroom apartment. In terms of food, groceries are fairly priced, with a basic meal in a restaurant costing around $10. Overall, Oak Island boasts an ideal mix of affordability and quality of life allowing you to get the most out of your money without sacrificing too much.