Somerset, TX vs Wake Village, TX

Wake Village is moderately more affordable than Somerset, with a 5.8% lower cost of living index. Somerset scores 81 compared to 76 for Wake Village, where the US average is 100. This difference means residents of Somerset can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Somerset is $1,129/month compared to $1,061/month in Wake Village — a 6% difference. Interestingly, home values tell a different story: while Wake Village has cheaper rent, Somerset actually has lower median home values ($164,700 vs $172,900).

Median household income in Somerset is $75,337 compared to $69,796 in Wake Village (+7.9%). While Somerset is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Somerset spend roughly 18% of their income on rent, less than the 18.2% in Wake Village.