Cost of Living in Double Oak, TX

Population 3,060 · Texas · Data vintage 2023

170
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Double Oak's housing market reflects its status as a high-earning metro: $652,000 for a typical home, 114% above the US median, paired with household incomes around $180,208 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 2.1% — below most comparable cities in the state.

Located 8 miles west of Lewisville, Double Oak falls within that metro's commuting orbit. Median home values run roughly 86% higher than Lewisville's $350,000.

Cost Overview

Housing 214
Rent 105

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Double Oak

The median home value in Double Oak is $652,200 — 114% above the national median of $305,000. Median rent runs $1,375/month, 5% higher than the national median of $1,314/month. The median household income of $180,208/year is 142% higher than the US median of $74,580. The local unemployment rate is 2.1%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 76.0°F and lows of 52.9°F. Overall, Double Oak has a cost of living index of 170 versus the US average of 100, meaning it is 70% more expensive.

🏠 Housing

Median Home Value
$652,200
114% above avg
Zillow Home Value
$207,411
Zillow ZHVI
Median Rent
$1,375/mo
5% above avg
Price-to-Rent Ratio
39.5x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 97.8%
Renter-occupied 2.2%

💰 Estimated Monthly Budget

Rent median rent
$1,375
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,989/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
22.5%

Commute Mode

Drove alone
73.4%
Carpooled
3.0%
Public transit
0.1%
Walked
1.0%
Work from home
22.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$180,208
142% above avg
Per Capita Income
$62,930
Unemployment Rate
2.1%
56% below avg
Poverty Rate
4.1%
Labor Force Participation
59.0%

🎓 Education

Bachelor's degree+ 36.1%
Graduate degree 17.1%

👥 Demographics

Median Age 46.4
Male median age 47.7
Female median age 44.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
76.0°F
Avg Low
52.9°F
Annual Precip
35.6"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 566068758391969688786657
Low °F 323645516169737364534234
Precip" 1.942.483.113.434.523.671.772.392.654.172.712.76

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
54.8%
Good air days/yr
177
Max AQI recorded
116
PM2.5 days
247
Ozone days

Frequently Asked Questions

What is the cost of living in Double Oak, TX?

Double Oak has a cost index of 170 (100 = national average). It is 70% above the national average.

What is average rent in Double Oak, TX?

The median gross rent in Double Oak is $1,375 per month based on 2023 Census data.

What is the average home price in Double Oak?

The median home value in Double Oak is $652,200 according to Zillow and Census data.

What is the median income in Double Oak?

The median household income in Double Oak is $180,208 per year (2023 ACS 5-year estimates).

What is the sales tax in Double Oak, TX?

The combined state and local sales tax rate in Double Oak is 8.2%. Texas has no state income tax.

Is Double Oak, TX affordable?

Double Oak is above average in cost of living, with an index of 170 — about 70% higher than the national average.

What is the weather like in Double Oak?

Double Oak has average high temperatures of 76.0°F and average lows of 52.9°F. Annual precipitation is 35.6". Data from NOAA 1991–2020 Climate Normals.

Double Oak at a Glance

Population
3,060
Median Income
$180,208
Home Value
$652,200
Median Rent
$1,375/mo
Unemployment
2.1%
Avg High Temp
76.0°F
Sales Tax
8.2%
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Explore county-level cost of living data

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