Housing costs in El Lago?
A typical home costs
$300,800, which is 11.0% less expensive than the national average of
$338,100 and 1.1% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Lago costs
$1,430 per month, which is 0.0% cheaper than the national average of
$1,430 and 10.5% more than the state average of
$1,280.
Can I afford El Lago?
To live comfortably in El Lago, Texas, a minimum annual income of
$57,600 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about El Lago?
El Lago, TX is an affordable place to live. The cost of living in the city is 8% lower than the national average. Housing costs are also much lower than many cities in Texas, with the median home value being around $143,500. Additionally, the median household income is a bit higher than the national average, at $72,743. This allows residents to enjoy a higher quality of life and more disposable income for leisure activities or investing. Although there are some high-end neighborhoods in El Lago that may have a higher cost of living, these are generally limited and do not affect most residents of this city. All in all, El Lago is an affordable and desirable place to live in Texas.