Cost of Living in Oak Ridge North, TX

With a cost of living index of 127, Oak Ridge North, TX is a notably expensive place to live. Living here is 27% more expensive than the national average and 39% above the Texas state average of 88. Oak Ridge North is a small community of 3,019 residents.

Housing costs are the biggest factor in Oak Ridge North's cost of living. The median monthly rent is $2,267 (72% above the US median of $1,319), and the median home value sits at $282,100 (7% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Oak Ridge North is $117,188, which is 56% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Oak Ridge North. The area sees an average annual temperature of 69.8°F, with summers averaging 84°F and winters around 55°F. Annual rainfall totals 50.8 inches spread over roughly 122 days.

Everyday prices in the Houston-Pasadena-The Woodlands, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.