Cost of Living in Oak Island, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.3
100 = national avg
+8.3 vs national average
Living Wage (1 Adult)
$47,632
per year
Living Wage (Family of 4)
$112,586
per year
Cost Index by Category
Housing109.8
Utilities102.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,323
per month
2 Bedroom
$1,573
per month
The overall cost of living index in Oak Island is 108.3, which is 8.3% above the national average. Housing costs are above the national average at an index of 109.8. A single adult needs to earn approximately $47,632 per year to cover basic expenses.