Cost of Living in Cross Roads, TX

With a cost of living index of 138, Cross Roads, TX is a notably expensive place to live. Living here is 38% more expensive than the national average and 50% above the Texas state average of 88. Cross Roads is a small community of 2,090 residents.

Housing costs are the biggest factor in Cross Roads's cost of living. The median monthly rent is $1,893 (44% above the US median of $1,319), and the median home value sits at $543,200 (78% above the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cross Roads is $115,000, which is 53% higher than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the Dallas-Fort Worth-Arlington, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.