Cost of Living: Elizabeth, NJ vs Lewisville, TX (2026)

Elizabeth

New Jersey
112
VS

Lewisville

Texas
112

Elizabeth and Lewisville have a similar cost of living.

$1,463/mo ↓ 7%
Median Rent
$1,572/mo ↑ 7%
$63,874/yr ↓ 25%
Median Income
$85,002/yr ↑ 33%
$393,500 ↑ 12%
Home Value
$350,200 ↓ 11%
$1,543/mo ↓ 5%
Owner Costs
$1,631/mo ↑ 6%
135,887
Population
128,313

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.25%
2.23%
Property Tax
1.6%

Affordability

27.5%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing Elizabeth, NJ and Lewisville, TX, the overall cost of living indices are 112 and 112 respectively (national median = 100). Rent is $109/month cheaper in Elizabeth, saving renters about $1,308/year.

Median household income is $21,128/year higher in Lewisville. Home values also differ significantly — the median in Elizabeth is $393,500 compared to $350,200 in Lewisville.

Texas has no state income tax, giving Lewisville residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Elizabeth vs Lewisville — common questions

Is Elizabeth or Lewisville cheaper to live in?
Based on our cost index, Lewisville is cheaper to live in with an index of 112 compared to 112 (US average = 100).
What is the rent difference between Elizabeth and Lewisville?
Median rent in Elizabeth is $1,463/month and in Lewisville it's $1,572/month — a difference of $109/month.
Which city has higher income, Elizabeth or Lewisville?
Median household income is $63,874 in Elizabeth and $85,002 in Lewisville. Median household income is $21,128/year higher in Lewisville.
How do taxes compare between New Jersey and Texas?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Elizabeth or Lewisville?
It depends on your priorities. Elizabeth has a cost index of 112 with median rent of $1,463/mo, while Lewisville has a cost index of 112 with rent of $1,572/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Elizabeth and Lewisville

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