Fate, TX

Very High · 151

Texas · Population 20,757 · Updated March 2026

$2,528
Median Rent / Month
$129,500
Median Income
$361,100
Median Home Value
$2,245
Owner Costs / Month

Affordability

How far your income goes in Fate

23.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$30,336
Annual Rent
$0
State Income Tax
$5,778
Property Tax (est.)

Cost of Living Overview

Fate has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 151 (where 100 equals the national median), Fate residents can expect to pay median rent of $2,528/month while earning a median household income of $129,500/year.

The median home value in Fate, TX is $361,100, with typical monthly owner costs around $2,245 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Fate.

Frequently Asked Questions

Common questions about living costs in Fate

What is the cost of living in Fate, TX?
The cost of living index in Fate, TX is 151 (US average = 100). Median monthly rent is $2,528, median household income is $129,500/year, and the median home value is $361,100.
Is Fate, TX affordable?
No, Fate is more expensive than the national average with a cost index of 151. The rent-to-income ratio is 23.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fate, TX?
The median gross rent in Fate, TX is $2,528 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $30,336.
What is the median household income in Fate?
The median household income in Fate, TX is $129,500 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.