Cost of Living in Irving, TX

Population 255,036 · Texas · Data vintage 2023

103
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Irving's cost indicators track within a reasonable band of national figures, with median household incomes near $79,641 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Cost Overview

Housing 94
Rent 115

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

About the Cost of Living in Irving

The median home value in Irving is $287,300 — 6% below the national median of $305,000. Median rent runs $1,517/month, 15% higher than the national median of $1,314/month. The median household income of $79,641/year is 7% 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 76.7°F and lows of 56.5°F, with about 1.6" of annual snowfall. Overall, Irving has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.

🏠 Housing

Median Home Value
$287,300
6% below avg
Zillow Home Value
$337,859
Zillow ZHVI
Median Rent
$1,517/mo
15% above avg
Zillow Rent
$1,586/mo
Zillow ZORI
Price-to-Rent Ratio
15.8x
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 38.3%
Renter-occupied 61.7%

💰 Estimated Monthly Budget

Rent median rent
$1,517
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,131/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
26.1 min
3% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.3%

Commute Mode

Drove alone
68.8%
Carpooled
10.2%
Public transit
1.0%
Walked
1.0%
Bicycle
0.2%
Work from home
17.3%

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
$79,641
7% above avg
Per Capita Income
$39,462
Unemployment Rate
4.3%
11% below avg
Poverty Rate
11.0%
Labor Force Participation
72.1%

🎓 Education

Bachelor's degree+ 24.8%
Graduate degree 16.8%

👥 Demographics

Median Age 32.8
Male median age 32.5
Female median age 33.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
76.7°F
Avg Low
56.5°F
Annual Precip
37"
Annual Snowfall
1.6"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 576169768492969689786758
Low °F 364048556572767669574638
Precip" 2.532.763.303.224.783.702.082.182.724.372.532.84
Snow" 0.11.00.30.00.00.00.00.00.00.00.00.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 55 — Moderate
33.4%
Good air days/yr
172
Max AQI recorded
233
PM2.5 days
124
Ozone days

Frequently Asked Questions

What is the cost of living in Irving, TX?

Irving has a cost index of 103 (100 = national average). It is 3% above the national average.

What is average rent in Irving, TX?

The median gross rent in Irving is $1,517 per month based on 2023 Census data.

What is the average home price in Irving?

The median home value in Irving is $287,300 according to Zillow and Census data.

What is the median income in Irving?

The median household income in Irving is $79,641 per year (2023 ACS 5-year estimates).

What is the sales tax in Irving, TX?

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

Is Irving, TX affordable?

Irving is near the national average in terms of cost of living, with an index of 103 (100 = US average).

What is the weather like in Irving?

Irving has average high temperatures of 76.7°F and average lows of 56.5°F. Annual precipitation is 37". Average annual snowfall is 1.6". Data from NOAA 1991–2020 Climate Normals.

Irving at a Glance

Population
255,036
Median Income
$79,641
Home Value
$287,300
Median Rent
$1,517/mo
Unemployment
4.3%
Avg High Temp
76.7°F
Sales Tax
8.2%
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