| Index | Fate | Texas | National |
| Cost of living | 120 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 171 | 83 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 103 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 99 | 98 | 100 |
| Education & Childcare | 94 | 98 | 100 |
The cost of living in Fate affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Fate is 120, which is 20% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Fate is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Fate falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs significantly influence the Fate cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 71.2%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Fate affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Fate, the median home price is 52.9% higher than the national average and monthly rent prices are 113.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fate boasting a median household income of $165,546, 103.5% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Fate, the housing index comes in at 71.2% higher than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Fate, the transportation index stands at 5.2% lower than the national average.
The Fate cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
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| Utilities index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $164,450 | $13,704 | $3,837 | $4,934 |
| Renters | $81,222 | $6,769 | $1,895 | $2,437 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| St. Paul CDP, TX | 608 | 80 | 19.8% |
| St. Paul, TX | 1,407 | 80 | 19.7% |
| Mesquite CDP, TX | 647 | 81 | 18.9% |
| Elmo, TX | 1,796 | 85 | 14.8% |
| Quinlan, TX | 1,799 | 89 | 11.4% |
| Fate, TX | 14,768 | 120 | 20.1% |
| City | Population | Cost of Living Index | National Avg. |
| Robbinsdale, MN | 14,767 | 103 | 3.3% |
| Beeville, TX | 14,764 | 87 | 13.4% |
| Lakewood Park, FL | 14,760 | 101 | 1.1% |
| Rio Grande City, TX | 14,759 | 85 | 14.7% |
| Southern Pines, NC | 14,777 | 113 | 13.5% |
| Fate, TX | 14,768 | 120 | 20.1% |
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