Cost of Living in Holly Lake Ranch, TX

With a cost of living index of 91, Holly Lake Ranch, TX is slightly more affordable than average. Living here is 9% cheaper than the national average and 3% above the Texas state average of 88. Holly Lake Ranch is a small community of 2,821 residents.

Housing costs are the biggest factor in Holly Lake Ranch's cost of living. The median monthly rent is $1,313 (0% below the US median of $1,319), and the median home value sits at $239,400 (21% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Holly Lake Ranch is $77,245, which is 3% 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 Holly Lake Ranch. 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 Longview, 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.