Cost of Living in Highland Village, TX
Population 16,004 · Texas · Data vintage 2023
(100 = US avg)
Highland Village is a smaller Texas community of around 16000 residents, where median household incomes of $164,459 and housing costs ($493,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 6 miles northwest of Lewisville, Highland Village falls within that metro's commuting orbit. Median home values run roughly 41% higher than Lewisville's $350,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Highland Village
The median home value in Highland Village is $493,400 — 62% above the national median of $305,000. Median rent runs $2,434/month, 85% higher than the national median of $1,314/month. The median household income of $164,459/year is 121% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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 76.0°F and lows of 52.9°F. Overall, Highland Village has a cost of living index of 171 versus the US average of 100, meaning it is 71% more expensive.
🏠 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 | 56 | 60 | 68 | 75 | 83 | 91 | 96 | 96 | 88 | 78 | 66 | 57 |
| Low °F | 32 | 36 | 45 | 51 | 61 | 69 | 73 | 73 | 64 | 53 | 42 | 34 |
| Precip" | 1.94 | 2.48 | 3.11 | 3.43 | 4.52 | 3.67 | 1.77 | 2.39 | 2.65 | 4.17 | 2.71 | 2.76 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Highland Village, TX?
Highland Village has a cost index of 171 (100 = national average). It is 71% above the national average.
What is average rent in Highland Village, TX?
The median gross rent in Highland Village is $2,434 per month based on 2023 Census data.
What is the average home price in Highland Village?
The median home value in Highland Village is $493,400 according to Zillow and Census data.
What is the median income in Highland Village?
The median household income in Highland Village is $164,459 per year (2023 ACS 5-year estimates).
What is the sales tax in Highland Village, TX?
The combined state and local sales tax rate in Highland Village is 8.2%. Texas has no state income tax.
Is Highland Village, TX affordable?
Highland Village is above average in cost of living, with an index of 171 — about 71% higher than the national average.
What is the weather like in Highland Village?
Highland Village has average high temperatures of 76.0°F and average lows of 52.9°F. Annual precipitation is 35.6". Data from NOAA 1991–2020 Climate Normals.
Highland Village at a Glance
- Population
- 16,004
- Median Income
- $164,459
- Home Value
- $493,400
- Median Rent
- $2,434/mo
- Unemployment
- 3.4%
- Avg High Temp
- 76.0°F
- Sales Tax
- 8.2%
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Explore county-level cost of living data
Texas Rankings
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