Cost of Living in Wake Village, TX
Population 5,887 · Texas · Data vintage 2023
(100 = US avg)
Wake Village offers a notably favorable income-to-housing ratio for its region. The typical home — $173,000 — costs less than 2.5 times median household income of $69,796, a threshold many coastal markets passed a decade ago. An unemployment rate of 2.4% points to a labor market well on the tight side of the national distribution.
Geographically, Wake Village is about 70 miles north of Shreveport, the nearest large metro. Housing prices track closely with Shreveport's $178,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Wake Village
The median home value in Wake Village is $172,900 — 43% below the national median of $305,000. Median rent runs $1,061/month, 19% lower than the national median of $1,314/month. The median household income of $69,796/year is 6% lower than the US median of $74,580. The local unemployment rate is 2.4%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. Overall, Wake Village has a cost of living index of 66 versus the US average of 100, meaning it is 34% less expensive.
Wake Village 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Wake Village, TX?
Wake Village has a cost index of 66 (100 = national average). It is 34% below the national average.
What is average rent in Wake Village, TX?
The median gross rent in Wake Village is $1,061 per month based on 2023 Census data.
What is the average home price in Wake Village?
The median home value in Wake Village is $172,900 according to Zillow and Census data.
What is the median income in Wake Village?
The median household income in Wake Village is $69,796 per year (2023 ACS 5-year estimates).
What is the sales tax in Wake Village, TX?
The combined state and local sales tax rate in Wake Village is 8.2%. Texas has no state income tax.
Is Wake Village, TX affordable?
Yes, Wake Village is generally considered affordable, with a cost of living index of 66 — about 34% below the US national average of 100.
Wake Village at a Glance
- Population
- 5,887
- Median Income
- $69,796
- Home Value
- $172,900
- Median Rent
- $1,061/mo
- Unemployment
- 2.4%
- Sales Tax
- 8.2%
Nearby Cities
Explore county-level cost of living data
Texas Rankings
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