Mesquite, TX

Estimated Annual Costs

Mesquite offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 89 (where 100 equals the national median), Mesquite residents can expect to pay median rent of $1,407/month while earning a median household income of $71,843/year.

The median home value in Mesquite, TX is $226,500, with typical monthly owner costs around $1,383 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.5% 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 Mesquite.