Prosper, TX Cost Of Living
Cost Of Living In Prosper, TX Summary
Cost of living in Prosper 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 Prosper 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 Prosper is 127, with 100 being the average.
The cost of living index in Prosper is 1.3x higher than the national average.
Prosper ranks as the #391 cheapest in Texas out of 405.
Prosper ranks as the #5,140 cheapest out of 6,412 in the US.
The median home value in Prosper is $524,700.
The median income in Prosper is $159,164.
Table Of Contents
Prosper's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Prosper, TX?
According to the most recent data on the cost of living, Prosper has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.
Compared to Texas, Prosper has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Prosper ranks as #391 most affordable out of the 405 places we measured in Texas. By definition, that implies Prosper ranks as the #14 most expensive place in the Lone Star State.
For more reading on life in Prosper, check out:
- Living In Prosper
- Prosper Crime Report
- Search Homes For Sale In Prosper, TX
In Texas
In America
Prosper Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Prosper. Here is how it fairs on each of the criteria:
The Services index in Prosper is 111.
The Groceries index in Prosper is 97.
The Health index in Prosper is 77.
The Housing index in Prosper is 184.
The Transportation index in Prosper is 98.
The Utilities index in Prosper is 108.
| Living Expense | Prosper | Texas | National Average | |
|---|---|---|---|---|
| Overall | 127 | 92 | 100 | |
| Services | 111 | 96 | 100 | |
| Groceries | 97 | 93 | 100 | |
| Health | 77 | 93 | 100 | |
| Housing | 184 | 84 | 100 | |
| Transportation | 98 | 92 | 100 | |
| Utilities | 108 | 104 | 100 | |
Prosper, 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 Prosper is $524,700.
The Median Rent in Prosper is $1,741.
The Median Income in Prosper is $159,164.
The Home Value To Income in Prosper is 3.3x.
The Rent To Monthly Income in Prosper is 0.13x.
| Statistic | Prosper | Texas | United States |
|---|---|---|---|
| Median Home Value | $524,700 | $202,600 | $244,900 |
| Median Rent | $1,741 | $1,146 | $1,163 |
| Median Income | $159,164 | $67,321 | $69,021 |
| Home Value To Income | 3.3x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.13x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Prosper, TX Costs By Category
Detailed Prosper Services Costs Vs. Texas
Detailed Prosper Groceries Costs Vs. Texas
Detailed Prosper Health Costs Vs. Texas
Detailed Prosper Transportation Costs Vs. Texas
Detailed Prosper Utilities Costs Vs. Texas
Prosper SnackAbility
/10
Cost Of Living In Cities Around Prosper
The cost of living varies in the cities and towns around Prosper. 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 Prosper.
Frisco, TX has a cost of living index of 120, 0.9x Prosper.
McKinney, TX has a cost of living index of 112, 0.9x Prosper.
| City | Population | Cost Of Living | Vs. Prosper |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 0.9x |
| Frisco, TX | 193,140 | 120 | 0.9x |
| McKinney, TX | 189,394 | 112 | 0.9x |
| Carrollton, TX | 131,388 | 105 | 0.8x |
| Richardson, TX | 115,904 | 110 | 0.9x |
| Lewisville, TX | 110,077 | 100 | 0.8x |
| Allen, TX | 102,778 | 110 | 0.9x |
| Little Elm, TX | 45,124 | 107 | 0.8x |
| The Colony, TX | 43,489 | 102 | 0.8x |
| Corinth, TX | 22,216 | 107 | 0.8x |
