Housing costs in Red Oak?
A typical home costs
$321,900, which is 4.8% less expensive than the national average of
$338,100 and 8.2% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Red Oak costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 21.0% more than the state average of
$1,280.
Can I afford Red Oak?
To live comfortably in Red Oak, Texas, a minimum annual income of
$61,560 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Red Oak?
The cost of living in Red Oak, TX is quite affordable. The average home price in the area is around $130,000, making it an attractive option for first time home buyers. The median household income is close to the national average, so residents have enough money to cover basic expenses. The unemployment rate in Red Oak is significantly lower than the national average and most people can find a job with relative ease. The cost of groceries and other essential items are reasonably priced when compared to other cities in Texas and across the country. Overall, Red Oak provides a great balance between affordability and quality of life.