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

Richardson

Texas
128
VS

Allen

Texas
137

Richardson is 7% cheaper than Allen.

$1,825/mo ↓ 3%
Median Rent
$1,877/mo ↑ 3%
$96,257/yr ↓ 25%
Median Income
$129,130/yr ↑ 34%
$405,600 ↓ 6%
Home Value
$429,900 ↑ 6%
$1,796/mo ↓ 14%
Owner Costs
$2,083/mo ↑ 16%
118,269
Population
107,684

Tax Comparison

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

Affordability

22.8%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Richardson, TX and Allen, TX, the overall cost of living indices are 128 and 137 respectively (national median = 100). Rent is $52/month cheaper in Richardson, saving renters about $624/year.

Median household income is $32,873/year higher in Allen. Home values also differ significantly — the median in Richardson is $405,600 compared to $429,900 in Allen.

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

Frequently Asked Questions

Richardson vs Allen — common questions

Is Richardson or Allen cheaper to live in?
Based on our cost index, Richardson is cheaper to live in with an index of 128 compared to 137 (US average = 100).
What is the rent difference between Richardson and Allen?
Median rent in Richardson is $1,825/month and in Allen it's $1,877/month — a difference of $52/month.
Which city has higher income, Richardson or Allen?
Median household income is $96,257 in Richardson and $129,130 in Allen. Median household income is $32,873/year higher in Allen.
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 Richardson or Allen?
It depends on your priorities. Richardson has a cost index of 128 with median rent of $1,825/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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