Cost of Living in Wake Village, Texas
Wake Village is an affordable place to live in East Texas. Tucked beside Texarkana in the state's far northeast corner, it offers a cost of living below the national average, inexpensive housing, and no state income tax — all while keeping a regional city's jobs and services minutes away.
Here's a realistic look at what it costs to live in Wake Village.
Housing
Housing in Wake Village is genuinely cheap by national standards. The median home value is about $186,000 (Census Bureau, 2020–24 American Community Survey), and the housing stock ranges widely, from original World War II-era homes to 1950s mid-century houses.
For renters, the median gross rent is about $989 per month, well below the national median of $1,413. Whether you're buying or renting, your housing dollar stretches a long way in Wake Village. As across Texas, property taxes are the trade-off for affordable home prices.
Everyday Costs
Beyond housing, Wake Village's everyday expenses are low. The overall cost of living runs below the national average, making it an affordable community for the region. Groceries, services, and routine costs are all reasonable.
That affordability comes without isolation: Wake Village sits right next to Texarkana, so residents have a regional city's shopping, healthcare, and jobs minutes away. You get low living costs and big-town conveniences at the same time — an unusual and appealing combination.
Taxes and the Bottom Line
Texas has no state income tax, a meaningful advantage for working households and retirees alike. The state relies on property and sales taxes instead, so Wake Village homeowners should plan for property taxes even with low home values.
The overall picture: Wake Village is one of the best values in East Texas. Very affordable housing, a cost of living below the national average, no state income tax, and a location right beside Texarkana make it a smart choice for budget-minded families, retirees, and anyone who wants their money to go further.
FAQ: Cost of Living in Wake Village
Very. Wake Village's overall cost of living runs below the national average, with inexpensive housing and low rents. Combined with no state income tax, it's an affordable community in the Texarkana area.
The Census median home value in Wake Village is about $186,000, below the Texas median of $283,800. Homes range from original World War II-era houses to 1950s mid-century homes.
Median gross rent in Wake Village is about $989 per month — well below the national median, making it an inexpensive place to rent as well as buy.
Like the rest of Texas, Wake Village has property taxes that serve as the trade-off for the state having no income tax. Even so, with such low home values, the overall cost of living remains below the national average.
East Texas guides
Region-wide guides that put Wake Village in context — where to go, what things cost, and how people actually live here.
Cost of Living in East Texas
What it costs to live in East Texas, using Census figures: home values and rents in Tyler, Jacksonville and Athens compared with Texas and the big metros, plus taxes, utilities, healthcare and driving.
Read Guide →East Texas Real Estate Guide
East Texas real estate by the numbers: Census home values for Tyler, Athens and Jacksonville, drive times, property-tax basics and what buyers should check.
Read Guide →Moving to East Texas: What You Need to Know
Thinking about moving to East Texas? A fact-checked guide to healthcare, schools, getting around, weather, and daily life in Tyler, Jacksonville, and the towns around them.
Read Guide →Retiring in East Texas: Why Retirees Love It Here
Retiring in East Texas: Tyler's trauma-designated hospitals, Texas 65+ school-tax exemptions, lake towns like Gun Barrel City and Hideaway, and sourced drive times and weather.
Read Guide →Business Owner?
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