Addison, TX Cost Of Living
Cost Of Living In Addison, TX Summary
Cost of living in Addison research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Addison is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Addison is 117, with 100 being the average.
The cost of living index in Addison is 1.2x higher than the national average.
Addison ranks as the #378 cheapest in Texas out of 405.
Addison ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Addison is $356,200.
The median income in Addison is $74,012.
Table Of Contents
Addison's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Addison, TX?
According to the most recent data on the cost of living, Addison has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to Texas, Addison has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in Addison ranks as #378 most affordable out of the 405 places we measured in Texas. By definition, that implies Addison ranks as the #27 most expensive place in the Lone Star State.
For more reading on life in Addison, check out:
- Living In Addison
- Addison Crime Report
- Search Homes For Sale In Addison, TX
In Texas
In America
Addison Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Addison. Here is how it fairs on each of the criteria:
The Services index in Addison is 113.
The Groceries index in Addison is 94.
The Health index in Addison is 77.
The Housing index in Addison is 154.
The Transportation index in Addison is 99.
The Utilities index in Addison is 109.
| Living Expense | Addison | Texas | National Average | |
|---|---|---|---|---|
| Overall | 117 | 92 | 100 | |
| Services | 113 | 96 | 100 | |
| Groceries | 94 | 93 | 100 | |
| Health | 77 | 93 | 100 | |
| Housing | 154 | 84 | 100 | |
| Transportation | 99 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
Addison, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Addison is $356,200.
The Median Rent in Addison is $1,487.
The Median Income in Addison is $74,012.
The Home Value To Income in Addison is 4.8x.
The Rent To Monthly Income in Addison is 0.24x.
| Statistic | Addison | Texas | United States |
|---|---|---|---|
| Median Home Value | $356,200 | $202,600 | $244,900 |
| Median Rent | $1,487 | $1,146 | $1,163 |
| Median Income | $74,012 | $67,321 | $69,021 |
| Home Value To Income | 4.8x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Addison, TX Costs By Category
Detailed Addison Services Costs Vs. Texas
Detailed Addison Groceries Costs Vs. Texas
Detailed Addison Health Costs Vs. Texas
Detailed Addison Transportation Costs Vs. Texas
Detailed Addison Utilities Costs Vs. Texas
Addison SnackAbility
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Cost Of Living In Cities Around Addison
The cost of living varies in the cities and towns around Addison. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.0x Addison.
Frisco, TX has a cost of living index of 120, 1.0x Addison.
Carrollton, TX has a cost of living index of 105, 0.9x Addison.
| City | Population | Cost Of Living | Vs. Addison |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.0x |
| Frisco, TX | 193,140 | 120 | 1.0x |
| Carrollton, TX | 131,388 | 105 | 0.9x |
| Richardson, TX | 115,904 | 110 | 0.9x |
| Lewisville, TX | 110,077 | 100 | 0.9x |
| Allen, TX | 102,778 | 110 | 0.9x |
| Flower Mound, TX | 75,050 | 117 | 1.0x |
| The Colony, TX | 43,489 | 102 | 0.9x |
| Coppell, TX | 42,420 | 121 | 1.0x |
| Farmers Branch, TX | 36,091 | 100 | 0.9x |
