Texas · Population 198,564 · Updated March 2026
How far your income goes in Grand Prairie
State-level tax rates that affect your costs
Grand Prairie has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 98 (where 100 equals the national median), Grand Prairie residents can expect to pay median rent of $1,470/month while earning a median household income of $78,889/year.
The median home value in Grand Prairie, TX is $272,200, with typical monthly owner costs around $1,480 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% 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 Grand Prairie.
Common questions about living costs in Grand Prairie
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