Cost of Living in Hideaway, TX

With a cost of living index of 102, Hideaway, TX is somewhat more expensive than average. Living here is 2% more expensive than the national average and 15% above the Texas state average of 88. Hideaway is a small community of 3,259 residents.

Housing costs are the biggest factor in Hideaway's cost of living. The median monthly rent is $1,528 (16% above the US median of $1,319), and the median home value sits at $287,600 (6% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Hideaway is $90,640, which is 21% 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.

Climate is another factor for anyone considering a move to Hideaway. The area sees an average annual temperature of 66.6°F, with summers averaging 83°F and winters around 50°F. Annual rainfall totals 42.1 inches spread over roughly 93 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Tyler, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.