Cost of Living in Scotland, TX

With a cost of living index of 71, Scotland, TX is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 17% below the Texas state average of 88. Scotland is a small community of 607 residents.

Housing costs are the biggest factor in Scotland's cost of living. The median monthly rent is $935 (29% below the US median of $1,319), and the median home value sits at $135,300 (56% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Scotland is $77,500, which is 3% higher than the national median of $75,149. Residents spend roughly 14% 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 Scotland. The area sees an average annual temperature of 63.7°F, with summers averaging 83°F and winters around 44°F. Annual rainfall totals 27.9 inches spread over roughly 73 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Wichita Falls, 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.