Melissa, TX

Very High · 157

Texas · Population 17,497 · Updated March 2026

$2,341
Median Rent / Month
$137,875
Median Income
$430,300
Median Home Value
$2,432
Owner Costs / Month

Affordability

How far your income goes in Melissa

20.4%
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

$28,092
Annual Rent
$0
State Income Tax
$6,885
Property Tax (est.)

Cost of Living Overview

Melissa has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 157 (where 100 equals the national median), Melissa residents can expect to pay median rent of $2,341/month while earning a median household income of $137,875/year.

The median home value in Melissa, TX is $430,300, with typical monthly owner costs around $2,432 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.4% 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 Melissa.

Frequently Asked Questions

Common questions about living costs in Melissa

What is the cost of living in Melissa, TX?
The cost of living index in Melissa, TX is 157 (US average = 100). Median monthly rent is $2,341, median household income is $137,875/year, and the median home value is $430,300.
Is Melissa, TX affordable?
No, Melissa is more expensive than the national average with a cost index of 157. The rent-to-income ratio is 20.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Melissa, TX?
The median gross rent in Melissa, TX is $2,341 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $28,092.
What is the median household income in Melissa?
The median household income in Melissa, TX is $137,875 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.