Falcon Lake Estates, TX vs Waller, TX

Falcon Lake Estates is moderately more affordable than Waller, with a 14% lower cost of living index. Falcon Lake Estates scores 65 compared to 75 for Waller, where the US average is 100. This difference means residents of Waller can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Falcon Lake Estates is $645/month compared to $1,022/month in Waller — a 37% difference. Interestingly, home values tell a different story: while Falcon Lake Estates has cheaper rent, Waller actually has lower median home values ($115,100 vs $146,600).

Median household income in Falcon Lake Estates is $62,589 compared to $37,163 in Waller (+68.4%). Falcon Lake Estates offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Falcon Lake Estates spend roughly 12.4% of their income on rent, less than the 33% in Waller. The Falcon Lake Estates ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.