Cost of Living in Allen, TX

Population 107,684 · Texas · Data vintage 2023

142
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Allen lands reasonably close to national benchmarks on most cost indicators, with a median home value of $430,000 — 41% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Texas.

Cost Overview

Housing 141
Rent 143

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Allen

The median home value in Allen is $429,900 — 41% above the national median of $305,000. Median rent runs $1,877/month, 43% higher than the national median of $1,314/month. The median household income of $129,130/year is 73% higher than the US median of $74,580. The local unemployment rate is 4.3%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 75.9°F and lows of 54.1°F. Overall, Allen has a cost of living index of 142 versus the US average of 100, meaning it is 42% more expensive.

🏠 Housing

Median Home Value
$429,900
41% above avg
Zillow Home Value
$497,016
Zillow ZHVI
Median Rent
$1,877/mo
43% above avg
Zillow Rent
$1,634/mo
Zillow ZORI
Price-to-Rent Ratio
19.1x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$766
1 BR
$811
2 BR
$981
3 BR
$1,307
4 BR
$1,509
Owner-occupied 69.8%
Renter-occupied 30.2%

💰 Estimated Monthly Budget

Rent median rent
$1,877
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,491/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.4 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
24.8%

Commute Mode

Drove alone
66.8%
Carpooled
5.9%
Public transit
0.7%
Walked
0.6%
Bicycle
0.0%
Work from home
24.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.3%
Avg local rate 1.9%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$129,130
73% above avg
Per Capita Income
$54,853
Unemployment Rate
4.3%
10% below avg
Poverty Rate
4.8%
Labor Force Participation
70.2%

🎓 Education

Bachelor's degree+ 33.6%
Graduate degree 22.6%

👥 Demographics

Median Age 38.5
Male median age 38.2
Female median age 38.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
75.9°F
Avg Low
54.1°F
Annual Precip
38.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 566068758391959688786657
Low °F 343846536270747366544436
Precip" 2.702.573.513.584.773.581.961.732.814.413.193.49

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
73.3%
Good air days/yr
154
Max AQI recorded
0
PM2.5 days
356
Ozone days

Frequently Asked Questions

What is the cost of living in Allen, TX?

Allen has a cost index of 142 (100 = national average). It is 42% above the national average.

What is average rent in Allen, TX?

The median gross rent in Allen is $1,877 per month based on 2023 Census data.

What is the average home price in Allen?

The median home value in Allen is $429,900 according to Zillow and Census data.

What is the median income in Allen?

The median household income in Allen is $129,130 per year (2023 ACS 5-year estimates).

What is the sales tax in Allen, TX?

The combined state and local sales tax rate in Allen is 8.2%. Texas has no state income tax.

Is Allen, TX affordable?

Allen is above average in cost of living, with an index of 142 — about 42% higher than the national average.

What is the weather like in Allen?

Allen has average high temperatures of 75.9°F and average lows of 54.1°F. Annual precipitation is 38.3". Data from NOAA 1991–2020 Climate Normals.

Allen at a Glance

Population
107,684
Median Income
$129,130
Home Value
$429,900
Median Rent
$1,877/mo
Unemployment
4.3%
Avg High Temp
75.9°F
Sales Tax
8.2%
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