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Oakwood, TX vs Study Butte, TX

70
Oakwood
Texas
VS
-28.8%
99
Study Butte
Texas

There is a significant gap in the cost of living between these two cities. Oakwood is 28.8% cheaper than Study Butte. With a cost index of 70 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oakwood to Study Butte should plan for substantially higher expenses across most categories.

Renters will find that Oakwood has a median rent of $945/month while Study Butte comes in at $1,332/month, a 29% difference.

Median household income in Oakwood is $65,714 compared to $82,885 in Study Butte (-20.7%). The higher salaries in Study Butte partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Oakwood spend roughly 17.3% of their income on rent, less than the 19.3% in Study Butte.

Climate-wise, both cities share similar average temperatures (66.7°F vs 67.3°F). Oakwood receives more rainfall at 43.7" per year compared to 12.2" in Study Butte.

Income & Cost

Cost of Living Index
Oakwood
70
29% cheaper
Study Butte
99
Median Household Income
Oakwood
$65,714
Study Butte
$82,885
21% higher

Housing

Median Rent
Oakwood
$945
29% cheaper
Study Butte
$1,332
Median Home Value
Oakwood
$102,000
Study Butte
Population
Oakwood
510
Study Butte
172

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Oakwood 66.7°F
Study Butte 67.3°F
Summer High
Oakwood 94°F
Study Butte 94°F
Winter Low
Oakwood 38°F
Study Butte 36°F
Rainfall
Oakwood 43.7"
Study Butte 12.2"
Rainy Days
Oakwood 106d
Study Butte 46d