Cost of Living in The Homesteads, TX
Population 3,113 · Texas · Data vintage 2023
(100 = US avg)
The Homesteads offers a notably favorable income-to-housing ratio for its region. The typical home — $112,000 — costs less than 1.8 times median household income of $64,037, a threshold many coastal markets passed a decade ago. Around 30% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.
Located 15 miles south of Arlington, The Homesteads falls within that metro's commuting orbit. Median home values run roughly 59% lower than Arlington's $276,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in The Homesteads
The median home value in The Homesteads is $112,100 — 63% below the national median of $305,000. Median rent runs $1,107/month, 16% lower than the national median of $1,314/month. The median household income of $64,037/year is 14% lower than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 77.4°F and lows of 56.3°F. Overall, The Homesteads has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.
The Homesteads has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 58 | 62 | 70 | 77 | 84 | 92 | 96 | 96 | 89 | 79 | 67 | 59 |
| Low °F | 37 | 40 | 48 | 55 | 64 | 72 | 75 | 75 | 68 | 57 | 46 | 39 |
| Precip" | 2.34 | 2.63 | 3.37 | 3.13 | 4.33 | 3.54 | 1.70 | 1.68 | 3.32 | 4.72 | 2.62 | 2.81 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in The Homesteads, TX?
The Homesteads has a cost index of 56 (100 = national average). It is 44% below the national average.
What is average rent in The Homesteads, TX?
The median gross rent in The Homesteads is $1,107 per month based on 2023 Census data.
What is the average home price in The Homesteads?
The median home value in The Homesteads is $112,100 according to 2023 Census ACS data.
What is the median income in The Homesteads?
The median household income in The Homesteads is $64,037 per year (2023 ACS 5-year estimates).
What is the sales tax in The Homesteads, TX?
The combined state and local sales tax rate in The Homesteads is 8.2%. Texas has no state income tax.
Is The Homesteads, TX affordable?
Yes, The Homesteads is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.
What is the weather like in The Homesteads?
The Homesteads has average high temperatures of 77.4°F and average lows of 56.3°F. Annual precipitation is 36.2". Data from NOAA 1991–2020 Climate Normals.
The Homesteads at a Glance
- Population
- 3,113
- Median Income
- $64,037
- Home Value
- $112,100
- Median Rent
- $1,107/mo
- Unemployment
- 5.5%
- Avg High Temp
- 77.4°F
- Sales Tax
- 8.2%
Explore county-level cost of living data
Texas Rankings
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