Cost of Living in Fate, TX

With a cost of living index of 142, Fate, TX is one of the most expensive cities in the United States. Living here is 42% more expensive than the national average and 55% above the Texas state average of 88. Fate is a smaller community of 20,757 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Fate's cost of living. The median monthly rent is $2,528 (92% above the US median of $1,319), and the median home value sits at $361,100 (18% above the national median of $304,900). At current prices, the median home costs roughly 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Fate is $129,500, which is 72% higher than the national median of $75,149. Residents spend roughly 23% 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.

Climate is another factor for anyone considering a move to Fate. The area sees an average annual temperature of 66.4°F, with summers averaging 84°F and winters around 49°F. Annual rainfall totals 38.4 inches spread over roughly 87 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.