Cedar Park, TX

Very High · 138

Texas · Population 77,474 · Updated March 2026

$1,753
Median Rent / Month
$123,972
Median Income
$474,800
Median Home Value
$2,018
Owner Costs / Month

Affordability

How far your income goes in Cedar Park

17.0%
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

$21,036
Annual Rent
$0
State Income Tax
$7,597
Property Tax (est.)

Cost of Living Overview

Cedar Park has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 138 (where 100 equals the national median), Cedar Park residents can expect to pay median rent of $1,753/month while earning a median household income of $123,972/year.

The median home value in Cedar Park, TX is $474,800, with typical monthly owner costs around $2,018 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.0% 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 Cedar Park.

Frequently Asked Questions

Common questions about living costs in Cedar Park

What is the cost of living in Cedar Park, TX?
The cost of living index in Cedar Park, TX is 138 (US average = 100). Median monthly rent is $1,753, median household income is $123,972/year, and the median home value is $474,800.
Is Cedar Park, TX affordable?
No, Cedar Park is more expensive than the national average with a cost index of 138. The rent-to-income ratio is 17.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cedar Park, TX?
The median gross rent in Cedar Park, TX is $1,753 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,036.
What is the median household income in Cedar Park?
The median household income in Cedar Park, TX is $123,972 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.