Cost of Living in Mustang Ridge, TX

With a cost of living index of 93, Mustang Ridge, TX is slightly more affordable than average. Living here is 7% cheaper than the national average and 5% above the Texas state average of 88. Mustang Ridge is a small community of 1,610 residents.

Housing costs are the biggest factor in Mustang Ridge's cost of living. The median monthly rent is $1,278 (3% below the US median of $1,319), and the median home value sits at $238,600 (22% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Mustang Ridge is $91,765, which is 22% higher than the national median of $75,149. Residents spend roughly 17% 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 Mustang Ridge. The area sees an average annual temperature of 68.4°F, with summers averaging 84°F and winters around 52°F. Annual rainfall totals 35.6 inches spread over roughly 82 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Austin-Round Rock-San Marcos, 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.