Cost of Living in El Lago, TX

With a cost of living index of 110, El Lago, TX is somewhat more expensive than average. Living here is 10% more expensive than the national average and 22% above the Texas state average of 88. El Lago is a small community of 3,016 residents.

Housing costs are the biggest factor in El Lago's cost of living. The median monthly rent is $1,642 (24% above the US median of $1,319), and the median home value sits at $303,700 (0% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in El Lago is $104,375, which is 39% higher 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.

Everyday prices in the Houston-Pasadena-The Woodlands, 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.