Cost of Living in Oak Ridge town (Cooke County), TX

With a cost of living index of 77, Oak Ridge town (Cooke County), TX is a very affordable place to live. Living here is 23% cheaper than the national average and 10% below the Texas state average of 88. Oak Ridge town (Cooke County) is a small community of 330 residents.

Housing costs are the biggest factor in Oak Ridge town (Cooke County)'s cost of living. The median monthly rent is $1,457 (10% above the US median of $1,319), and the median home value sits at $9,999 (97% below the national median of $304,900). At current prices, the median home costs roughly 0.2x the median household income — well within traditional affordability guidelines.

The median household income in Oak Ridge town (Cooke County) is $48,417, which is 36% lower than the national median of $75,149. Residents spend roughly 36% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Oak Ridge town (Cooke County). The area sees an average annual temperature of 64.5°F, with summers averaging 83°F and winters around 46°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 Sherman-Denison, 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.