Falcon Lake Estates, TX vs Nocona, TX

Falcon Lake Estates, TX and Nocona, TX have a very similar cost of living, with only a 0.6% difference in their overall index. Falcon Lake Estates scores 65 while Nocona scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Falcon Lake Estates is $645/month compared to $717/month in Nocona — a 10% difference. Interestingly, home values tell a different story: while Falcon Lake Estates has cheaper rent, Nocona actually has lower median home values ($114,900 vs $146,600).

Median household income in Falcon Lake Estates is $62,589 compared to $45,536 in Nocona (+37.4%). While Falcon Lake Estates is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Falcon Lake Estates spend roughly 12.4% of their income on rent, less than the 18.9% in Nocona.

Climate-wise, Falcon Lake Estates is notably warmer with an average of 74.6°F compared to 63.7°F in Nocona. Nocona receives more rainfall at 27.9" per year compared to 21.3" in Falcon Lake Estates.