| Index | Wylie | Texas | National |
| Cost of living | 113 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 149 | 83 | 100 |
| Transportation | 96 | 98 | 100 |
| Utilities | 104 | 103 | 100 |
| Lifestyle & Entertainment | 96 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 96 | 98 | 100 |
Understanding the cost of living in Wylie can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Wylie cost of living index is 113, which is 13% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs are a very significant part of the Wylie cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 48.9% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Wylie 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 Wylie, the median home price is 41.7% higher than the national average and monthly rent prices are 65.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Wylie boasting a median household income of $144,041, 77.1% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including 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 farming subsidies. Areas offering fewer subsidies may experience a rise 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 Wylie comes in at 3.9% higher than the national average.
The Wylie 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 | $167,657 | $13,971 | $3,912 | $5,030 |
| Renters | $98,290 | $8,191 | $2,293 | $2,949 |
| 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% |
| Mobile City, TX | 213 | 98 | 2.1% |
| Garland, TX | 245,211 | 102 | 1.8% |
| Josephine, TX | 1,537 | 101 | 1.0% |
| Wylie, TX | 52,661 | 113 | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Madison, AL | 52,584 | 106 | 5.9% |
| Châteauguay, QC | 52,776 | n/a | |
| Smyrna, TN | 52,802 | 103 | 3.0% |
| Florissant, MO | 52,517 | 89 | 11.2% |
| Glendora, CA | 52,888 | 173 | 72.9% |
| Wylie, TX | 52,661 | 113 | 13.3% |
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