Cost of Living: Dallas, TX vs Richardson, TX (2026)

Dallas

Texas
97
VS

Richardson

Texas
128

Dallas is 24% cheaper than Richardson.

$1,403/mo ↓ 23%
Median Rent
$1,825/mo ↑ 30%
$67,760/yr ↓ 30%
Median Income
$96,257/yr ↑ 42%
$295,300 ↓ 27%
Home Value
$405,600 ↑ 37%
$1,409/mo ↓ 22%
Owner Costs
$1,796/mo ↑ 27%
1,299,553
Population
118,269

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

24.8%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Dallas, TX and Richardson, TX, the overall cost of living indices are 97 and 128 respectively (national median = 100). Rent is $422/month cheaper in Dallas, saving renters about $5,064/year.

Median household income is $28,497/year higher in Richardson. Home values also differ significantly — the median in Dallas is $295,300 compared to $405,600 in Richardson.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Dallas vs Richardson — common questions

Is Dallas or Richardson cheaper to live in?
Based on our cost index, Dallas is cheaper to live in with an index of 97 compared to 128 (US average = 100).
What is the rent difference between Dallas and Richardson?
Median rent in Dallas is $1,403/month and in Richardson it's $1,825/month — a difference of $422/month.
Which city has higher income, Dallas or Richardson?
Median household income is $67,760 in Dallas and $96,257 in Richardson. Median household income is $28,497/year higher in Richardson.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Dallas or Richardson?
It depends on your priorities. Dallas has a cost index of 97 with median rent of $1,403/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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