Caddo Mills, TX vs Lake Dallas, TX

Caddo Mills is moderately more affordable than Lake Dallas, with a 11.9% lower cost of living index. Caddo Mills scores 90 compared to 102 for Lake Dallas, where the US average is 100. This difference means residents of Lake Dallas can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Caddo Mills is $1,103/month compared to $1,507/month in Lake Dallas — a 27% difference. Interestingly, home values tell a different story: while Caddo Mills has cheaper rent, Lake Dallas actually has lower median home values ($245,100 vs $247,400).

Median household income in Caddo Mills is $75,385 compared to $74,241 in Lake Dallas (+1.5%). Caddo Mills offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Caddo Mills spend roughly 17.6% of their income on rent, less than the 24.4% in Lake Dallas.