C
Overall 2%
Goods & Services 7%
Housing 15%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexRed OakTexasNational
Cost of living9892100
Goods & Services10797100
Groceries9891100
Health care11295100
Housing8583100
Transportation9094100
Utilities110103100

Key findings

  • The cost of living in Red Oak is 7% higher than the Texas average
  • The cost of living in Red Oak is 2% lower than the national average
  • Red Oak housing is 15% lower than the national average
  • Texas general sales tax is 23% higher than the national average
  • Texas state income tax is 100% lower than the national average

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Compare Red Oak, TX Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$83,850$6,988$1,956$2,516
      Renters$37,949$3,162$885$1,139
      To approximate the cost of living and the housing affordability in Red Oak, TX, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Red Oak have a median income of $83,850. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,956 per month to avoid calamity and poverty. The renters in the city have an income of about $37,949, which would make their monthly maximum allowable rental costs $885.

      Texas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Texas6.25%8.25%

      Texas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Texas0%0%

      Goods & Services

      ItemRed OakNational avg.Difference
      Haircut $30.17$20.2748.8%
      Beauty Salon $51.54$40.3927.6%
      Toothpaste $2.13$2.369.7%
      Shampoo $0.96$1.0810.8%
      Movie $13.02$10.9918.5%
      Bowling $16.28$15.495.1%

      Groceries

      ItemRed OakNational avg.Difference
      Ground Beef $4.07$4.305.3%
      Fried Chicken $1.19$1.4015.0%
      Milk $2.29$2.204.0%
      Potatoes $3.91$3.2221.6%
      Pizza $9.38$10.7412.7%
      Beer $10.21$9.606.4%

      Health Care

      ItemRed OakNational avg.Difference
      Optometrist $112.55$109.732.6%
      Doctor $132.09$118.3411.6%
      Dentist $126.71$100.9425.5%
      Ibuprofen $9.35$9.935.9%
      Lipitor $477.75$469.531.8%

      Housing

      ItemRed OakNational avg.Difference
      Home Price $154,000.00$184,700.0016.6%
      Avg. Mortgage Payment $1,151.31$1,229.626.4%
      Apartment Rent $847.00$949.0010.7%

      Transportation

      ItemRed OakNational avg.Difference
      Gasoline $2.50$2.717.8%
      Tire Balancing $44.33$51.8614.5%

      Utilities

      ItemRed OakNational avg.Difference
      All Electricity$200.26$170.8417.2%
      Phone $188.86$187.180.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      CityPopulationCost of Living IndexNational Avg.
      Wilmer, TX3,9038613.9%
      Garrett, TX8268712.6%
      Hutchins, TX5,6448911.0%
      Ferris, TX2,5278910.6%
      Cockrell Hill, TX4,3019010.5%
      Red Oak, TX11,663981.8%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Los Alamitos, CA11,66117069.8%
      Estevan, SK11,667n/a 
      Cypress Lake, FL11,656982.4%
      Clayton, CA11,65518383.1%
      Gander, NL11,654n/a 
      Red Oak, TX11,663981.8%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.