Cost of Living in Prosper, TX
Population 34,567 · Texas · Data vintage 2023
(100 = US avg)
Home prices in Prosper run well above the national baseline, with a median of $695,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $187,603 place the city among the better-paid Texas metros.
Prosper sits roughly 6 miles north of Frisco — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% higher than Frisco's $595,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Prosper
The median home value in Prosper is $694,600 — 128% above the national median of $305,000. Median rent runs $2,152/month, 64% higher than the national median of $1,314/month. The median household income of $187,603/year is 152% higher than the US median of $74,580. The local unemployment rate is 4.9%, 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 75.9°F and lows of 54.1°F. Overall, Prosper has a cost of living index of 202 versus the US average of 100, meaning it is 102% 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 | 95 | 96 | 88 | 78 | 66 | 57 |
| Low °F | 34 | 38 | 46 | 53 | 62 | 70 | 74 | 73 | 66 | 54 | 44 | 36 |
| Precip" | 2.70 | 2.57 | 3.51 | 3.58 | 4.77 | 3.58 | 1.96 | 1.73 | 2.81 | 4.41 | 3.19 | 3.49 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Prosper, TX?
Prosper has a cost index of 202 (100 = national average). It is 102% above the national average.
What is average rent in Prosper, TX?
The median gross rent in Prosper is $2,152 per month based on 2023 Census data.
What is the average home price in Prosper?
The median home value in Prosper is $694,600 according to Zillow and Census data.
What is the median income in Prosper?
The median household income in Prosper is $187,603 per year (2023 ACS 5-year estimates).
What is the sales tax in Prosper, TX?
The combined state and local sales tax rate in Prosper is 8.2%. Texas has no state income tax.
Is Prosper, TX affordable?
Prosper is above average in cost of living, with an index of 202 — about 102% higher than the national average.
What is the weather like in Prosper?
Prosper 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.
Prosper at a Glance
- Population
- 34,567
- Median Income
- $187,603
- Home Value
- $694,600
- Median Rent
- $2,152/mo
- Unemployment
- 4.9%
- Avg High Temp
- 75.9°F
- Sales Tax
- 8.2%
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Texas Rankings
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