Cost of Living in University Park, TX
Population 25,104 · Texas · Data vintage 2023
(100 = US avg)
University Park's housing market is in a category of its own — median home values around $1.8 million sit roughly 6 times the US figure, reflecting a market driven as much by second-home and resort buyers as by year-round residents.
Geographically, University Park is part of the immediate Dallas metro area. Median home values run roughly 498% higher than Dallas' $295,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in University Park
The median home value in University Park is $1,766,700 — 479% above the national median of $305,000. Median rent runs $2,940/month, 124% 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 3.9%, 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 77.9°F and lows of 58.1°F, with about 1.7" of annual snowfall. Overall, University Park has a cost of living index of 437 versus the US average of 100, meaning it is 337% 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 | 58 | 62 | 70 | 77 | 85 | 93 | 97 | 97 | 90 | 80 | 68 | 59 |
| Low °F | 38 | 42 | 49 | 57 | 66 | 74 | 78 | 77 | 70 | 59 | 48 | 40 |
| Precip" | 2.59 | 2.78 | 3.45 | 3.15 | 4.57 | 3.83 | 1.71 | 2.19 | 3.10 | 4.79 | 2.93 | 3.23 |
| Snow" | 0.1 | 0.9 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in University Park, TX?
University Park has a cost index of 437 (100 = national average). It is 337% above the national average.
What is average rent in University Park, TX?
The median gross rent in University Park is $2,940 per month based on 2023 Census data.
What is the average home price in University Park?
The median home value in University Park is $1,766,700 according to Zillow and Census data.
What is the median income in University Park?
The median household income in University Park is $250,001 per year (2023 ACS 5-year estimates).
What is the sales tax in University Park, TX?
The combined state and local sales tax rate in University Park is 8.2%. Texas has no state income tax.
Is University Park, TX affordable?
University Park is above average in cost of living, with an index of 437 — about 337% higher than the national average.
What is the weather like in University Park?
University Park has average high temperatures of 77.9°F and average lows of 58.1°F. Annual precipitation is 38.3". Average annual snowfall is 1.7". Data from NOAA 1991–2020 Climate Normals.
University Park at a Glance
- Population
- 25,104
- Median Income
- $250,001
- Home Value
- $1,766,700
- Median Rent
- $2,940/mo
- Unemployment
- 3.9%
- Avg High Temp
- 77.9°F
- Sales Tax
- 8.2%
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