Red Oak, TX

Above Avg · 114

Texas · Population 15,909 · Updated March 2026

$1,527
Median Rent / Month
$104,125
Median Income
$318,200
Median Home Value
$2,025
Owner Costs / Month

Affordability

How far your income goes in Red Oak

17.6%
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

$18,324
Annual Rent
$0
State Income Tax
$5,091
Property Tax (est.)

Cost of Living Overview

Red Oak is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 114 (where 100 equals the national median), Red Oak residents can expect to pay median rent of $1,527/month while earning a median household income of $104,125/year.

The median home value in Red Oak, TX is $318,200, with typical monthly owner costs around $2,025 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.6% 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 Red Oak.

Frequently Asked Questions

Common questions about living costs in Red Oak

What is the cost of living in Red Oak, TX?
The cost of living index in Red Oak, TX is 114 (US average = 100). Median monthly rent is $1,527, median household income is $104,125/year, and the median home value is $318,200.
Is Red Oak, TX affordable?
No, Red Oak is more expensive than the national average with a cost index of 114. The rent-to-income ratio is 17.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Red Oak, TX?
The median gross rent in Red Oak, TX is $1,527 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,324.
What is the median household income in Red Oak?
The median household income in Red Oak, TX is $104,125 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.