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Cost of Living in Lake Colorado City, TX

Population: 1,001 | Texas

51
Cost of Living Index
US Average = 100

Lake Colorado City is 49% less expensive than the national average.

33
Housing
17
Home Values
95
Regional Price

Cost of Living in Lake Colorado City, TX: What You Need to Know

With a cost of living index of 51, Lake Colorado City, TX is one of the most affordable cities in the country. Living here is 49% cheaper than the national average and 37% below the Texas state average of 88. Lake Colorado City is a small community of 1,001 residents.

Housing costs are the biggest factor in Lake Colorado City's cost of living. The median monthly rent is $435 (67% below the US median of $1,319), and the median home value sits at $53,300 (83% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Lake Colorado City is $54,286, which is 28% lower than the national median of $75,149. Residents spend roughly 10% 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 Lake Colorado City. The area sees an average annual temperature of 64.8°F, with summers averaging 83°F and winters around 46°F. Annual rainfall totals 19.6 inches spread over roughly 46 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.

Income

Median Household Income
$54,286
vs US Median ($75,149)
-28%

Housing

Median Rent
$435/mo
Median Home Value
$53,300
Median Monthly Housing Cost
$587/mo

Climate in Lake Colorado City

NOAA 30-year normals (1991-2020)

64.8°F
Avg Temperature
19.6"
Rainfall / Year
46d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 58 63 71 79 87 94 96 95 88 79 67 58
Avg °F 45 49 57 65 73 81 84 83 76 66 54 46
Low °F 31 35 42 50 60 68 72 72 64 53 41 33
Rain" 0.7 0.8 1.2 1.6 2.5 2.5 1.6 2.4 2.4 1.8 1.4 0.8

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