Cost of Living in Southlake, TX
Population 31,044 · Texas · Data vintage 2023
(100 = US avg)
Home prices in Southlake run well above the national baseline, with a median of $958,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $250,001 place the city among the better-paid Texas metros.
Geographically, Southlake sits roughly 12 miles southwest of Lewisville. Median home values run roughly 173% higher than Lewisville's $350,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Southlake
The median home value in Southlake is $957,500 — 214% above the national median of $305,000. Median rent runs $3,501/month, 166% 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 3.0%, 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, Southlake has a cost of living index of 295 versus the US average of 100, meaning it is 195% 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 | 57 | 61 | 69 | 76 | 84 | 92 | 96 | 96 | 89 | 78 | 67 | 58 |
| Low °F | 36 | 40 | 48 | 55 | 65 | 72 | 76 | 76 | 69 | 57 | 46 | 38 |
| Precip" | 2.53 | 2.76 | 3.30 | 3.22 | 4.78 | 3.70 | 2.08 | 2.18 | 2.72 | 4.37 | 2.53 | 2.84 |
| Snow" | 0.1 | 1.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Southlake, TX?
Southlake has a cost index of 295 (100 = national average). It is 195% above the national average.
What is average rent in Southlake, TX?
The median gross rent in Southlake is $3,501 per month based on 2023 Census data.
What is the average home price in Southlake?
The median home value in Southlake is $957,500 according to Zillow and Census data.
What is the median income in Southlake?
The median household income in Southlake is $250,001 per year (2023 ACS 5-year estimates).
What is the sales tax in Southlake, TX?
The combined state and local sales tax rate in Southlake is 8.2%. Texas has no state income tax.
Is Southlake, TX affordable?
Southlake is above average in cost of living, with an index of 295 — about 195% higher than the national average.
What is the weather like in Southlake?
Southlake 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.
Southlake at a Glance
- Population
- 31,044
- Median Income
- $250,001
- Home Value
- $957,500
- Median Rent
- $3,501/mo
- Unemployment
- 3.0%
- Avg High Temp
- 76.7°F
- Sales Tax
- 8.2%
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Texas Rankings
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