Addison, TX

Very High · 131

Texas · Population 17,128 · Updated March 2026

$1,717
Median Rent / Month
$82,858
Median Income
$466,000
Median Home Value
$1,738
Owner Costs / Month

Affordability

How far your income goes in Addison

24.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Texas

State-level tax rates that affect your costs

0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.6%
Property Tax Rate

Estimated Annual Costs

$20,604
Annual Rent
$0
State Income Tax
$7,456
Property Tax (est.)

Cost of Living Overview

Addison has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 131 (where 100 equals the national median), Addison residents can expect to pay median rent of $1,717/month while earning a median household income of $82,858/year.

The median home value in Addison, TX is $466,000, with typical monthly owner costs around $1,738 including mortgage, insurance, and taxes. The median rent-to-income ratio of 24.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in Addison.

Frequently Asked Questions

Common questions about living costs in Addison

What is the cost of living in Addison, TX?
The cost of living index in Addison, TX is 131 (US average = 100). Median monthly rent is $1,717, median household income is $82,858/year, and the median home value is $466,000.
Is Addison, TX affordable?
No, Addison is more expensive than the national average with a cost index of 131. The rent-to-income ratio is 24.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Addison, TX?
The median gross rent in Addison, TX is $1,717 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,604.
What is the median household income in Addison?
The median household income in Addison, TX is $82,858 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Texas?
Texas has a top income tax rate of 0%, a sales tax of 6.25%, and an effective property tax rate of 1.6%. Notably, there is no state income tax.