Lewisville, TX

Estimated Annual Costs

Lewisville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 112 (where 100 equals the national median), Lewisville residents can expect to pay median rent of $1,572/month while earning a median household income of $85,002/year.

The median home value in Lewisville, TX is $350,200, with typical monthly owner costs around $1,631 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% 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 Lewisville.