Cost of Living in Highland Park, TX
Population 8,774 · Texas · Data vintage 2023
(100 = US avg)
Housing prices in Highland Park cluster toward the top of the US distribution — a median of $1.9 million, roughly 6 times the national figure, consistent with markets dominated by nonresident and vacation-home buyers.
Geographically, Highland Park is part of the immediate Dallas metro area. Median home values run roughly 539% higher than Dallas' $295,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Highland Park
The median home value in Highland Park is $1,887,300 — 519% above the national median of $305,000. Median rent runs $2,216/month, 69% higher than the national median of $1,314/month. The median household income of $250,001/year is 235% higher than the US median of $74,580. The local unemployment rate is 5.0%, above the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 77.9°F and lows of 58.1°F, with about 1.7" of annual snowfall. Overall, Highland Park has a cost of living index of 439 versus the US average of 100, meaning it is 339% more expensive.
Highland Park has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 58 | 62 | 70 | 77 | 85 | 93 | 97 | 97 | 90 | 80 | 68 | 59 |
| Low °F | 38 | 42 | 49 | 57 | 66 | 74 | 78 | 77 | 70 | 59 | 48 | 40 |
| Precip" | 2.59 | 2.78 | 3.45 | 3.15 | 4.57 | 3.83 | 1.71 | 2.19 | 3.10 | 4.79 | 2.93 | 3.23 |
| Snow" | 0.1 | 0.9 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Highland Park, TX?
Highland Park has a cost index of 439 (100 = national average). It is 339% above the national average.
What is average rent in Highland Park, TX?
The median gross rent in Highland Park is $2,216 per month based on 2023 Census data.
What is the average home price in Highland Park?
The median home value in Highland Park is $1,887,300 according to Zillow and Census data.
What is the median income in Highland Park?
The median household income in Highland Park is $250,001 per year (2023 ACS 5-year estimates).
What is the sales tax in Highland Park, TX?
The combined state and local sales tax rate in Highland Park is 8.2%. Texas has no state income tax.
Is Highland Park, TX affordable?
Highland Park is above average in cost of living, with an index of 439 — about 339% higher than the national average.
What is the weather like in Highland Park?
Highland Park has average high temperatures of 77.9°F and average lows of 58.1°F. Annual precipitation is 38.3". Average annual snowfall is 1.7". Data from NOAA 1991–2020 Climate Normals.
Highland Park at a Glance
- Population
- 8,774
- Median Income
- $250,001
- Home Value
- $1,887,300
- Median Rent
- $2,216/mo
- Unemployment
- 5.0%
- Avg High Temp
- 77.9°F
- Sales Tax
- 8.2%
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