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
Compare the cost of living in Allen, TX with 299 other major U.S. cities