salaryRent is lower than in 76% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 3.2 years of household income. Most homes (75.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $48,280 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other Texas cities?
Yes. Rent here is cheaper than in most of Texas. It is number 127 of 426 cities from cheapest to most expensive.
How much do households earn in Red Oak?
Share of households by yearly income. 40.9% of households earn $100,000 or more.
Rent by apartment size in Red Oak
| Size | Red Oak | U.S. average |
|---|---|---|
| 1 bedroom | $1,134 | $1,324 |
| 2 bedrooms | $1,667 | $1,509 |
| 3 bedrooms | $3,567 | $1,698 |
| 4 bedrooms | $3,227 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Red Oak overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Red Oak, so the Texas figure is shown.
Taxes and bills in Red Oak
Life in Red Oak
Is it cheaper to rent or buy in Red Oak?
Renting is cheaper right now: about $1,333 a month less.
Owning assumes a typical $366,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,610 for the down payment.
Frequently asked questions
What is the average rent in Red Oak, TX?
Renting in Red Oak costs a median of about $1,207 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Red Oak?
To keep rent under 30% of income, you need about $48,280 a year, or $23 an hour at a full-time job.
Is Red Oak cheap or expensive?
Red Oak is rated Cheap: rent takes 12.8% of the typical household income of $112,769. It ranks 127th cheapest of 426 Texas cities we track.
How much are property taxes in Red Oak?
The median homeowner in Red Oak pays $6,091 a year in property taxes, about 1.66% of the median home value.
Is Red Oak more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Red Oak?
The median home value in Red Oak is $366,100, about 3.2 times the typical yearly household income.
17,077 people live in Red Oak. Numbers are typical (middle) values.