Cost of Living in Falcon Lake Estates, TX

With a cost of living index of 65, Falcon Lake Estates, TX is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 23% below the Texas state average of 88. Falcon Lake Estates is a small community of 1,037 residents.

Housing costs are the biggest factor in Falcon Lake Estates's cost of living. The median monthly rent is $645 (51% below the US median of $1,319), and the median home value sits at $146,600 (52% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Falcon Lake Estates is $62,589, which is 17% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Falcon Lake Estates. The area sees an average annual temperature of 74.6°F, with summers averaging 88°F and winters around 60°F. Annual rainfall totals 21.3 inches spread over roughly 0 days. Hot summers are common, which can affect utility costs and lifestyle.

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.