Allen, TX Cost Of Living
Cost Of Living In Allen, TX Summary
Cost of living in Allen 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 Allen 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 Allen is 110, with 100 being the average.
The cost of living index in Allen is 1.1x higher than the national average.
Allen ranks as the #365 cheapest in Texas out of 405.
Allen ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Allen is $344,100.
The median income in Allen is $118,254.
Table Of Contents
Allen's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Allen, TX?
According to the most recent data on the cost of living, Allen has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Texas, Allen has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Allen ranks as #365 most affordable out of the 405 places we measured in Texas. By definition, that implies Allen ranks as the #40 most expensive place in the Lone Star State.
For more reading on life in Allen, check out:
- Living In Allen
- Allen Crime Report
- Search Homes For Sale In Allen, TX
In Texas
In America
Allen Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Allen. Here is how it fairs on each of the criteria:
The Services index in Allen is 112.
The Groceries index in Allen is 98.
The Health index in Allen is 79.
The Housing index in Allen is 129.
The Transportation index in Allen is 100.
The Utilities index in Allen is 109.
| Living Expense | Allen | Texas | National Average | |
|---|---|---|---|---|
| Overall | 110 | 92 | 100 | |
| Services | 112 | 96 | 100 | |
| Groceries | 98 | 93 | 100 | |
| Health | 79 | 93 | 100 | |
| Housing | 129 | 84 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 109 | 104 | 100 | |
Allen, 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 Allen is $344,100.
The Median Rent in Allen is $1,637.
The Median Income in Allen is $118,254.
The Home Value To Income in Allen is 2.9x.
The Rent To Monthly Income in Allen is 0.17x.
| Statistic | Allen | Texas | United States |
|---|---|---|---|
| Median Home Value | $344,100 | $202,600 | $244,900 |
| Median Rent | $1,637 | $1,146 | $1,163 |
| Median Income | $118,254 | $67,321 | $69,021 |
| Home Value To Income | 2.9x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Allen, TX Costs By Category
Detailed Allen Services Costs Vs. Texas
Detailed Allen Groceries Costs Vs. Texas
Detailed Allen Health Costs Vs. Texas
Detailed Allen Transportation Costs Vs. Texas
Detailed Allen Utilities Costs Vs. Texas
Allen SnackAbility
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Cost Of Living In Cities Around Allen
The cost of living varies in the cities and towns around Allen. 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 Allen.
Frisco, TX has a cost of living index of 120, 1.1x Allen.
McKinney, TX has a cost of living index of 112, 1.0x Allen.
| City | Population | Cost Of Living | Vs. Allen |
|---|---|---|---|
| Plano, TX | 282,181 | 114 | 1.0x |
| Frisco, TX | 193,140 | 120 | 1.1x |
| McKinney, TX | 189,394 | 112 | 1.0x |
| Carrollton, TX | 131,388 | 105 | 1.0x |
| Richardson, TX | 115,904 | 110 | 1.0x |
| Lewisville, TX | 110,077 | 100 | 0.9x |
| The Colony, TX | 43,489 | 102 | 0.9x |
| Sachse, TX | 26,797 | 106 | 1.0x |
| University Park, TX | 25,029 | 214 | 1.9x |
| Murphy, TX | 20,655 | 127 | 1.2x |
