Cost of Living in Eagle Lake, TX

With a cost of living index of 76, Eagle Lake, TX is a very affordable place to live. Living here is 24% cheaper than the national average and 12% below the Texas state average of 88. Eagle Lake is a small community of 3,464 residents.

Housing costs are the biggest factor in Eagle Lake's cost of living. The median monthly rent is $1,106 (16% below the US median of $1,319), and the median home value sits at $110,700 (64% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Eagle Lake is $71,684, which is 5% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.