The cost of living index in Red Oak, TX, is notably lower than the nationwide average of 100. Specifically, the overall cost of living in Red Oak stands at 92, reflecting a modest 8% decrease. This lower index makes housing, utilities, and healthcare more affordable compared to the national average.
Red Oak's housing index of 87 shows a 13% reduction, making it more budget-friendly for residents. Groceries, utilities, transportation, and miscellaneous costs also remain slightly below the national average, offering potential savings in these areas.
The cost of living in Red Oak, TX, presents a favorable comparison to the nationwide average. Housing costs in Red Oak stand at 87, which is 13% below the national average. This suggests that residents can find more affordable housing options, making it easier to manage living expenses. Groceries in Red Oak are priced at 98, just 2% below the average, indicating that food costs remain relatively close to the average.
Utilities in Red Oak are at 95, which is 5% below the national average. This means that residents can expect slightly lower expenses for essential services like electricity and water. Transportation costs in Red Oak are 92, which is 8% below the national average, offering another area where residents can save. Healthcare costs in Red Oak are 89, which is 11% below the average, providing potential savings on medical expenses. Miscellaneous costs, at 93, are 7% below the average, rounding out the overall cost of living picture.
