Cost of living in Coppell 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 Coppell 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 Coppell is 121, with 100 being the average.
The cost of living index in Coppell is 1.2x higher than the national average.
Coppell ranks as the #385 cheapest in Texas out of 405.
Coppell ranks as the #4,857 cheapest out of 6,412 in the US.
The median home value in Coppell is $431,500.
The median income in Coppell is $130,805.
According to the most recent data on the cost of living, Coppell has an overall cost of living index of 121, which is 1.2x higher than the national index of 100.
Compared to Texas, Coppell has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in Coppell ranks as #385 most affordable out of the 405 places we measured in Texas. By definition, that implies Coppell ranks as the #20 most expensive place in the Lone Star State.
For more reading on life in Coppell, check out:
Six factors go into calculating the cost of living index in Coppell. Here is how it fairs on each of the criteria:
The Services index in Coppell is 108.
The Groceries index in Coppell is 101.
The Health index in Coppell is 112.
The Housing index in Coppell is 160.
The Transportation index in Coppell is 93.
The Utilities index in Coppell is 106.
Living Expense | Coppell | Texas | National Average | |
---|---|---|---|---|
Overall | 121 | 92 | 100 | |
Services | 108 | 96 | 100 | |
Groceries | 101 | 93 | 100 | |
Health | 112 | 93 | 100 | |
Housing | 160 | 84 | 100 | |
Transportation | 93 | 92 | 100 | |
Utilities | 106 | 104 | 100 |
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 Coppell is $431,500.
The Median Rent in Coppell is $1,571.
The Median Income in Coppell is $130,805.
The Home Value To Income in Coppell is 3.3x.
The Rent To Monthly Income in Coppell is 0.14x.
Statistic | Coppell | Texas | United States |
---|---|---|---|
Median Home Value | $431,500 | $202,600 | $244,900 |
Median Rent | $1,571 | $1,146 | $1,163 |
Median Income | $130,805 | $67,321 | $69,021 |
Home Value To Income | 3.3x | 3.0x | 3.5x |
Rent To Monthly Income | 0.14x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Coppell. 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, 0.9x Coppell.
Irving, TX has a cost of living index of 97, 0.8x Coppell.
Frisco, TX has a cost of living index of 120, 1.0x Coppell.
City | Population | Cost Of Living | Vs. Coppell |
---|---|---|---|
Plano, TX | 282,181 | 114 | 0.9x |
Irving, TX | 254,184 | 97 | 0.8x |
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 | 0.8x |
Flower Mound, TX | 75,050 | 117 | 1.0x |
Euless, TX | 60,134 | 95 | 0.8x |
Grapevine, TX | 50,548 | 109 | 0.9x |
Keller, TX | 45,190 | 117 | 1.0x |