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

Irving

Texas
102
VS

Richardson

Texas
128

Irving is 20% cheaper than Richardson.

$1,517/mo ↓ 17%
Median Rent
$1,825/mo ↑ 20%
$79,641/yr ↓ 17%
Median Income
$96,257/yr ↑ 21%
$287,300 ↓ 29%
Home Value
$405,600 ↑ 41%
$1,521/mo ↓ 15%
Owner Costs
$1,796/mo ↑ 18%
255,036
Population
118,269

Tax Comparison

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

Affordability

22.9%
rent-to-income
Affordability
22.8%
rent-to-income

Detailed Comparison

When comparing Irving, TX and Richardson, TX, the overall cost of living indices are 102 and 128 respectively (national median = 100). Rent is $308/month cheaper in Irving, saving renters about $3,696/year.

Median household income is $16,616/year higher in Richardson. Home values also differ significantly — the median in Irving is $287,300 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Irving vs Richardson — common questions

Is Irving or Richardson cheaper to live in?
Based on our cost index, Irving is cheaper to live in with an index of 102 compared to 128 (US average = 100).
What is the rent difference between Irving and Richardson?
Median rent in Irving is $1,517/month and in Richardson it's $1,825/month — a difference of $308/month.
Which city has higher income, Irving or Richardson?
Median household income is $79,641 in Irving and $96,257 in Richardson. Median household income is $16,616/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 Irving or Richardson?
It depends on your priorities. Irving has a cost index of 102 with median rent of $1,517/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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