Cost of Living in Southlake, TX
Housing
The housing market plays a significant role in determining the cost of living in Southlake, TX.
- Housing Index: 145.0 / 100
- Median Home Price is: $668,000
- Average Rent (2 BR Apartment): $2800 per month
- Average Rent (2 BR House): $2856 per month
When considering a move to Southlake, TX, the housing index stands at 145.0, which indicates the overall affordability of living in the area. The median home price is 668000, suggesting it's a competitive market for buyers. Average rents reveal a premium lifestyle, with 2BR apartments costing around 2800 and houses slightly higher at 2856. Relocators should weigh their long-term plans carefully, since these figures rank well above national averages, aligning with broader trends of urban migration and desire for more spacious living due to remote-work shifts.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Southlake, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Southlake, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Southlake is a financially viable option for your relocation.