Living in Fate, Texas
Cost of living, income, home prices, rent and demographics of Fate · Census data 2020–2024
Fate has 22,884 residents with a median age of 31.6. The median household income is $132,752 (69% higher than the Texas median), the median home value is $384,300, the median rent is $2,500/month.
Fate at a glance
- Population
- 22,884
- Median age
- 31.6State: 35.6
- Median household income
- $132,752State: $78,476
- Median home value
- $384,300State: $283,800
- Median rent
- $2,500/moState: $1,403
- Homeowners
- 91.5%
- Bachelor's degree or higher
- 42.3%
- Average commute
- 35 min
Is Fate a good place to live?
Pros: Median household income 69% higher than the Texas median; a poverty rate of 3.6%.
Cons: Home values 35% higher than the state median; an average commute of 35 minutes; unemployment of 5.4%.
The weather is best in April–May and September–October.
Cost of living in Fate
Housing is the biggest part of the cost of living. In Fate the median home value is $384,300, 16% higher than the U.S. median. Renters pay a median of $2,500 per month, which is 30.7% of household income. Homeowners with a mortgage pay $2,534 a month in housing costs.
Fate median household income
The median household income in Fate is $132,752 and the income per person is $41,804. 3.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Fate: homes for sale and rent
- Housing units
- 7,109
- Owner-occupied
- 91.5%
- Renter-occupied
- 8.5%
- Vacant
- 5.2%Includes seasonal homes
- Median year built
- 2013
- Average household size
- 3.40
Fate demographics
- Population
- 22,884
- Median age
- 31.6
- Under 18
- 33.6%
- 65 and older
- 6.6%
- Households
- 6,737
- Foreign-born
- 10.8%
- Veterans
- 9.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Fate ›
Education in Fate
42.3% of adults 25 and older in Fate have a bachelor's degree or higher (Texas: 33.8%), and 14.7% have a graduate or professional degree.
Jobs and commute in Fate
- Unemployment rate
- 5.4%State: 5.3%
- Average commute
- 35 minState: 27 min
- Work from home
- 17.3%
- Drive alone
- 71.9%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 98.4%
Fate vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fate | 22,884 | $132,752 | $384,300 | $2,500 |
| Rockwall | 51,168 | $115,580 | $411,700 | $1,947 |
| Royse City | 20,037 | $116,660 | $322,500 | $2,078 |
| Lavon | 6,498 | $131,303 | $394,300 | $2,203 |
| Nevada | 1,319 | $119,750 | $393,800 | $1,654 |
| McLendon-Chisholm | 4,511 | $204,773 | $629,400 | — |
| Heath | 10,777 | $220,828 | $766,900 | $3,501 |
| Union Valley | 751 | $93,051 | $325,900 | — |
| Poetry | 1,642 | $95,357 | $367,100 | $2,114 |
More for people moving to Fate
Fate ZIP code ›Weather and climate ›Living in Fate: FAQ
What is the median household income in Fate, TX?
The median household income in Fate is $132,752, 69% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fate?
The median home value in Fate is $384,300, compared with $283,800 in Texas.
How much is rent in Fate?
The median gross rent in Fate is $2,500 per month, about 30.7% of household income.
Is Fate, TX a good place to live?
Pluses: median household income 69% higher than the Texas median; a poverty rate of 3.6%. Minuses: home values 35% higher than the state median; an average commute of 35 minutes; unemployment of 5.4%.
What is the median age in Fate?
The median age in Fate is 31.6 years (Texas: 35.6).
How long is the commute in Fate?
The average commute to work in Fate is 35 minutes; 17.3% of workers work from home.
What is the unemployment rate in Fate?
The unemployment rate in Fate is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fate?
42.3% of adults in Fate have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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