Cost of Living in Red Lick, TX

With a cost of living index of 107, Red Lick, TX is somewhat more expensive than average. Living here is 7% more expensive than the national average and 20% above the Texas state average of 88. Red Lick is a small community of 1,534 residents.

Housing costs are the biggest factor in Red Lick's cost of living. The median monthly rent is $1,718 (30% above the US median of $1,319), and the median home value sits at $307,000 (1% above the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Red Lick is $136,250, which is 81% higher than the national median of $75,149. Residents spend roughly 15% 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 Red Lick. The area sees an average annual temperature of 64°F, with summers averaging 81°F and winters around 46°F. Annual rainfall totals 48.9 inches spread over roughly 100 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Texarkana, TX-AR (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.