Cost of Living in Providence Village, TX
Population 8,116 · Texas · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Providence Village a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $321,000. An unemployment rate of 1.2% points to a labor market well on the tight side of the national distribution.
Geographically, Providence Village sits roughly 10 miles northwest of Frisco. Median home values run roughly 46% lower than Frisco's $595,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Providence Village
The median home value in Providence Village is $321,300 — 5% above the national median of $305,000. Median rent runs $2,399/month, 83% higher than the national median of $1,314/month. The median household income of $105,469/year is 41% higher than the US median of $74,580. The local unemployment rate is 1.2%, 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, Providence Village has a cost of living index of 136 versus the US average of 100, meaning it is 36% more expensive.
Providence Village 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 | 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 Providence Village, TX?
Providence Village has a cost index of 136 (100 = national average). It is 36% above the national average.
What is average rent in Providence Village, TX?
The median gross rent in Providence Village is $2,399 per month based on 2023 Census data.
What is the average home price in Providence Village?
The median home value in Providence Village is $321,300 according to 2023 Census ACS data.
What is the median income in Providence Village?
The median household income in Providence Village is $105,469 per year (2023 ACS 5-year estimates).
What is the sales tax in Providence Village, TX?
The combined state and local sales tax rate in Providence Village is 8.2%. Texas has no state income tax.
Is Providence Village, TX affordable?
Providence Village is above average in cost of living, with an index of 136 — about 36% higher than the national average.
What is the weather like in Providence Village?
Providence 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.
Providence Village at a Glance
- Population
- 8,116
- Median Income
- $105,469
- Home Value
- $321,300
- Median Rent
- $2,399/mo
- Unemployment
- 1.2%
- Avg High Temp
- 76.0°F
- Sales Tax
- 8.2%
Nearby Cities
Explore county-level cost of living data
Texas Rankings
Similar Cost Cities
Cities in other states with comparable housing costs