Little Elm, TX vs Midland, TX
There is a significant gap in the cost of living between these two cities. Midland is 24.8% cheaper than Little Elm. With a cost index of 101 vs 125, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Midland to Little Elm should plan for substantially higher expenses across most categories.
On the housing front, median rent in Little Elm is $1,900/month compared to $1,407/month in Midland — a 35% difference. Home values follow the same pattern: Midland is more affordable at $298,600 median vs $390,300.
Median household income in Little Elm is $116,036 compared to $91,169 in Midland (+27.3%). While Little Elm is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Little Elm spend roughly 19.6% of their income on rent, more than the 18.5% in Midland.
Climate-wise, both cities share similar average temperatures (64.5°F vs 65.8°F). Little Elm receives more rainfall at 35.6" per year compared to 13.5" in Midland.
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Climate
NOAA 30-year normals (1991-2020)