Cost of Living in Lake Cherokee, TX

With a cost of living index of 91, Lake Cherokee, TX is slightly more affordable than average. Living here is 9% cheaper than the national average and 4% above the Texas state average of 88. Lake Cherokee is a small community of 3,358 residents.

Housing costs are the biggest factor in Lake Cherokee's cost of living. The median monthly rent is $919 (30% below the US median of $1,319), and the median home value sits at $394,900 (30% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lake Cherokee is $91,571, which is 22% higher 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.

Climate is another factor for anyone considering a move to Lake Cherokee. The area sees an average annual temperature of 65.3°F, with summers averaging 81°F and winters around 48°F. Annual rainfall totals 50.3 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 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.