Texas · Population 107,684 · Updated March 2026
How far your income goes in Allen
State-level tax rates that affect your costs
Allen has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 137 (where 100 equals the national median), Allen residents can expect to pay median rent of $1,877/month while earning a median household income of $129,130/year.
The median home value in Allen, TX is $429,900, with typical monthly owner costs around $2,083 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% 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 Allen.
Common questions about living costs in Allen