salaryRent is lower than in 85% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 19.9 minutes.
How much money do I need?
To rent here comfortably, you should earn about $41,640 a year. That is $20 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 79 of 426 cities from cheapest to most expensive.
How much do households earn in Wake Village?
Share of households by yearly income. 22.1% of households earn $100,000 or more.
Rent by apartment size in Wake Village
| Size | Wake Village | U.S. average |
|---|---|---|
| 1 bedroom | $863 | $1,324 |
| 2 bedrooms | $914 | $1,509 |
| 3 bedrooms | $1,281 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Wake Village 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 Wake Village, so the Texas figure is shown.
Taxes and bills in Wake Village
Life in Wake Village
Is it cheaper to rent or buy in Wake Village?
Renting is cheaper right now: about $250 a month less.
Owning assumes a typical $186,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $18,600 for the down payment.
Frequently asked questions
What is the average rent in Wake Village, TX?
Renting in Wake Village costs a median of about $1,041 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Wake Village?
To keep rent under 30% of income, you need about $41,640 a year, or $20 an hour at a full-time job.
Is Wake Village cheap or expensive?
Wake Village is rated Cheap: rent takes 16.2% of the typical household income of $77,193. It ranks 79th cheapest of 426 Texas cities we track.
How much are property taxes in Wake Village?
The median homeowner in Wake Village pays $2,941 a year in property taxes, about 1.58% of the median home value.
Is Wake Village 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 Wake Village?
The median home value in Wake Village is $186,000, about 2.4 times the typical yearly household income.
5,867 people live in Wake Village. Numbers are typical (middle) values.