New Fairview, TX vs Oakwood, TX

The cost of living difference between New Fairview, TX and Oakwood, TX is dramatic. Oakwood is 54.1% cheaper than New Fairview, a gap that translates to thousands of dollars per year in household expenses. New Fairview has a cost index of 108 while Oakwood sits at 70, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in New Fairview is $1,733/month compared to $945/month in Oakwood — a 83% difference. Home values follow the same pattern: Oakwood is more affordable at $102,000 median vs $240,600.

Median household income in New Fairview is $89,531 compared to $65,714 in Oakwood (+36.2%). The higher salaries in New Fairview partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Fairview spend roughly 23.2% of their income on rent, more than the 17.3% in Oakwood.

Climate-wise, both cities share similar average temperatures (66.9°F vs 66.7°F). Oakwood receives more rainfall at 43.7" per year compared to 36.6" in New Fairview.