Irving, TX Cost Of Living
Cost Of Living In Irving, TX Summary
Cost of living in Irving 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 Irving 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 Irving is 97, with 100 being the average.
The cost of living index in Irving is 1.0x lower than the national average.
Irving ranks as the #291 cheapest in Texas out of 405.
Irving ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Irving is $218,900.
The median income in Irving is $69,961.
Table Of Contents
Irving's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Irving, TX?
According to the most recent data on the cost of living, Irving has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Texas, Irving has a cost of living index that's 1.1x higher than Texas's index of 92.
The standard of living in Irving ranks as #291 most affordable out of the 405 places we measured in Texas. By definition, that implies Irving ranks as the #114 most expensive place in the Lone Star State.
For more reading on life in Irving, check out:
- Living In Irving
- Irving Crime Report
- Search Homes For Sale In Irving, TX
In Texas
In America
Irving Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Irving. Here is how it fairs on each of the criteria:
The Services index in Irving is 108.
The Groceries index in Irving is 101.
The Health index in Irving is 112.
The Housing index in Irving is 85.
The Transportation index in Irving is 94.
The Utilities index in Irving is 109.
| Living Expense | Irving | Texas | National Average | |
|---|---|---|---|---|
| Overall | 97 | 92 | 100 | |
| Services | 108 | 96 | 100 | |
| Groceries | 101 | 93 | 100 | |
| Health | 112 | 93 | 100 | |
| Housing | 85 | 84 | 100 | |
| Transportation | 94 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
Irving, 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 Irving is $218,900.
The Median Rent in Irving is $1,277.
The Median Income in Irving is $69,961.
The Home Value To Income in Irving is 3.1x.
The Rent To Monthly Income in Irving is 0.22x.
| Statistic | Irving | Texas | United States |
|---|---|---|---|
| Median Home Value | $218,900 | $202,600 | $244,900 |
| Median Rent | $1,277 | $1,146 | $1,163 |
| Median Income | $69,961 | $67,321 | $69,021 |
| Home Value To Income | 3.1x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Irving, TX Costs By Category
Detailed Irving Services Costs Vs. Texas
Detailed Irving Groceries Costs Vs. Texas
Detailed Irving Health Costs Vs. Texas
Detailed Irving Transportation Costs Vs. Texas
Detailed Irving Utilities Costs Vs. Texas
Irving SnackAbility
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Cost Of Living In Cities Around Irving
The cost of living varies in the cities and towns around Irving. 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, 1.2x Irving.
Carrollton, TX has a cost of living index of 105, 1.1x Irving.
Richardson, TX has a cost of living index of 110, 1.1x Irving.
| City | Population | Cost Of Living | Vs. Irving |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.2x |
| Carrollton, TX | 131,388 | 105 | 1.1x |
| Richardson, TX | 115,904 | 110 | 1.1x |
| Flower Mound, TX | 75,050 | 117 | 1.2x |
| Euless, TX | 60,134 | 95 | 1.0x |
| Grapevine, TX | 50,548 | 109 | 1.1x |
| Bedford, TX | 49,576 | 97 | 1.0x |
| Keller, TX | 45,190 | 117 | 1.2x |
| Coppell, TX | 42,420 | 121 | 1.2x |
| Farmers Branch, TX | 36,091 | 100 | 1.0x |
