Cost of Living in Wills Point, TX

Population 3,848 · Texas · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Wills Point can reasonably expect a home to cost less than three years of household income — $120,000 against $66,144 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. A poverty rate near 24% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.

Located 40 miles east of Garland, Wills Point falls within that metro's commuting orbit. Median home values run roughly 52% lower than Garland's $249,000.

Cost Overview

Housing 39
Rent 68

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

About the Cost of Living in Wills Point

The median home value in Wills Point is $120,100 — 61% below the national median of $305,000. Median rent runs $898/month, 32% lower than the national median of $1,314/month. The median household income of $66,144/year is 11% lower than the US median of $74,580. The local unemployment rate is 3.4%, 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 77.4°F and lows of 55.4°F. Overall, Wills Point has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$120,100
61% below avg
Zillow Home Value
$248,174
Zillow ZHVI
Median Rent
$898/mo
32% below avg
Price-to-Rent Ratio
11.1x
Favors buying
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 52.5%
Renter-occupied 47.5%

💰 Estimated Monthly Budget

Rent median rent
$898
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,512/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
34.3 min
27% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.3%

Commute Mode

Drove alone
75.6%
Carpooled
15.9%
Walked
2.2%
Work from home
6.3%

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
$66,144
11% below avg
Per Capita Income
$24,413
Unemployment Rate
3.4%
30% below avg
Poverty Rate
24.2%
Labor Force Participation
61.5%

🎓 Education

Bachelor's degree+ 8.0%
Graduate degree 1.9%

👥 Demographics

Median Age 33.9
Male median age 32.4
Female median age 37.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
77.4°F
Avg Low
55.4°F
Annual Precip
38.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576269768492969690796859
Low °F 364047546371747467564538
Precip" 2.622.733.693.064.723.402.002.302.744.543.063.56

Frequently Asked Questions

What is the cost of living in Wills Point, TX?

Wills Point has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Wills Point, TX?

The median gross rent in Wills Point is $898 per month based on 2023 Census data.

What is the average home price in Wills Point?

The median home value in Wills Point is $120,100 according to Zillow and Census data.

What is the median income in Wills Point?

The median household income in Wills Point is $66,144 per year (2023 ACS 5-year estimates).

What is the sales tax in Wills Point, TX?

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

Is Wills Point, TX affordable?

Yes, Wills Point is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

What is the weather like in Wills Point?

Wills Point has average high temperatures of 77.4°F and average lows of 55.4°F. Annual precipitation is 38.4". Data from NOAA 1991–2020 Climate Normals.

Wills Point at a Glance

Population
3,848
Median Income
$66,144
Home Value
$120,100
Median Rent
$898/mo
Unemployment
3.4%
Avg High Temp
77.4°F
Sales Tax
8.2%
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