| Index | Highland Village | Texas | National |
| Cost of living | 130 | 94 | 100 |
| Groceries | 98 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 202 | 83 | 100 |
| Transportation | 101 | 98 | 100 |
| Utilities | 102 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 97 | 98 | 100 |
Knowing the cost of living in Highland Village allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Highland Village stands at 130, marking it 30% higher than the national average.
If you value affordability in your search for a new place to live, Highland Village may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Highland Village falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs make up a big chunk of the cost of living in Highland Village, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 102.1% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
Wondering if Highland Village is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Highland Village, for example, the median home price is 102.4% higher than what folks pay nationally, and monthly rent is 101.3% higher than the usual rates. Plus, income levels matter too, with Highland Village boasting a median household income of $217,948, which is 168% higher than the national average.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Highland Village, healthcare costs are 0.1% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Highland Village comes in at 1.5% higher than the national average.
The Highland Village 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.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $227,951 | $18,996 | $5,319 | $6,839 |
| Renters | $90,763 | $7,564 | $2,118 | $2,723 |
| 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. |
| Bristol, TX | 462 | 99 | 1.1% |
| Corral City, TX | 14 | 99 | 1.3% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Lake Dallas, TX | 8,292 | 104 | 4.1% |
| Krum, TX | 5,222 | 103 | 2.9% |
| Highland Village, TX | 17,130 | 130 | 29.7% |
| City | Population | Cost of Living Index | National Avg. |
| New Port Richey, FL | 17,130 | 92 | 8.0% |
| Defiance, OH | 17,127 | 87 | 12.6% |
| Republic, MO | 17,135 | 90 | 10.3% |
| Seven Oaks, SC | 17,121 | 97 | 2.7% |
| South Venice, FL | 17,117 | 109 | 9.3% |
| Highland Village, TX | 17,130 | 130 | 29.7% |
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