The 10 Most Expensive Places To Live In Texas For 2021


We used science and data to determine which cities in Texas that will put a big dent in your wallet.

Editor’s Note: We updated this article for 2021. This is our seventh time ranking the most expensive places to live in Texas.

The Lone Star State is a massive place that can accommodate all walks of life. But we've done the research to discover which cities are the most expensive to live in Texas for 2021.

Just where are these deep pockets of extreme wealth in Texas? By and large, the places you'll see on this list are in the southern region of the state, with many cities no farther than an hour outside of Houston or San Antonio. If you put a premium on live music, then you won't mind paying extra to live in Austin, the city with the most live music venues per capita in the country. If you're looking for the priciest suburb of Dallas, Addison is the spot for you. Need a beach nearby to fully enjoy your ritzy lifestyle? We recommend Galveston.

So how'd we come up with this list of pricey places? Generally speaking, places with the highest priced homes also have a higher cost of living. But the story doesn't end there. We also looked at how much money residents of each place earn to determine how their salaries stack up against the price of a home and rent. We found that you need to earn at least $24,363/year if you want to live in the upper eschelon of Texan society.

So grab a gold-plated dish of Texas BBQ and get ready to swap investment tips with Walmart's Alice Walton, because we're heading to the most expensive places in Texas.

Here are the 10 most expensive places to live in Texas for 2021:

  1. Fair Oaks Ranch
  2. College Station
  3. Prairie View
  4. Fredericksburg
  5. San Marcos
  6. Huntsville
  7. Granbury
  8. Addison
  9. Austin
  10. Webster

What's the most expensive place to live in Texas? Well, HomeSnacks crunched the numbers and discovered that Fair Oaks Ranch is the most expensive place to live in Texas.

So hopefully Progreso (the cheapest place to live in Texas) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Texas and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Texas For 2021

1. Fair Oaks RanchFair Oaks Ranch, TX

Overall SnackAbility

10
/10

Population: 9,944
Rank Last Year: 40 (Up 39)
Home Price To Income Ratio: 3.5x (30th most expensive)
Income To Rent Ratio: 43.6x (17th most expensive)
More on Fair Oaks Ranch: Real Estate | Data | Photos

The median income in Fair Oaks Ranch comes in at $128,398 and the median home value is $455,400 for 2021.

2. College StationCollege Station, TX

Overall SnackAbility

8
/10

Population: 113,686
Rank Last Year: 1 (Down 1)
Home Price To Income Ratio: 5.3x (6th most expensive)
Income To Rent Ratio: 46.6x (29th most expensive)
More on College Station: Real Estate | Data | Photos

The median income in College Station comes in at $45,820 and the median home value is $241,600 for 2021.

3. Prairie ViewPrairie View, TX

Overall SnackAbility

5
/10

Population: 6,678
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 6.9x (2nd most expensive)
Income To Rent Ratio: 23.5x (most expensive)
More on Prairie View: Real Estate | Data | Photos

The median income in Prairie View comes in at $24,363 and the median home value is $168,200 for 2021.

4. FredericksburgFredericksburg, TX

Overall SnackAbility

7.5
/10

Population: 11,245
Rank Last Year: 6 (Up 2)
Home Price To Income Ratio: 5.5x (5th most expensive)
Income To Rent Ratio: 52.4x (84th most expensive)
More on Fredericksburg: Real Estate | Data | Photos

The median income in Fredericksburg comes in at $50,497 and the median home value is $275,500 for 2021.

5. San MarcosSan Marcos, TX

Overall SnackAbility

6
/10

Population: 63,220
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 4.2x (13th most expensive)
Income To Rent Ratio: 37.9x (6th most expensive)
More on San Marcos: Real Estate | Data | Photos

The median income in San Marcos comes in at $40,370 and the median home value is $171,500 for 2021.

6. HuntsvilleHuntsville, TX

Source: Public domain
Overall SnackAbility

7
/10

Population: 41,592
Rank Last Year: 3 (Down 3)
Home Price To Income Ratio: 4.7x (7th most expensive)
Income To Rent Ratio: 38.8x (8th most expensive)
More on Huntsville: Real Estate | Data | Photos

The median income in Huntsville comes in at $34,890 and the median home value is $165,000 for 2021.

7. GranburyGranbury, TX

Overall SnackAbility

6
/10

Population: 9,939
Rank Last Year: 7 (No Change)
Home Price To Income Ratio: 3.7x (19th most expensive)
Income To Rent Ratio: 48.7x (40th most expensive)
More on Granbury: Real Estate | Data | Photos

The median income in Granbury comes in at $49,793 and the median home value is $185,900 for 2021.

8. AddisonAddison, TX

Overall SnackAbility

8
/10

Population: 15,302
Rank Last Year: 12 (Up 4)
Home Price To Income Ratio: 4.5x (9th most expensive)
Income To Rent Ratio: 55.4x (124th most expensive)
More on Addison: Real Estate | Data | Photos

The median income in Addison comes in at $74,986 and the median home value is $335,300 for 2021.

9. AustinAustin, TX

Overall SnackAbility

8
/10

Population: 950,807
Rank Last Year: 8 (Down 1)
Home Price To Income Ratio: 4.7x (8th most expensive)
Income To Rent Ratio: 55.9x (134th most expensive)
More on Austin: Real Estate | Data | Photos

The median income in Austin comes in at $71,576 and the median home value is $337,400 for 2021.

10. WebsterWebster, TX

Overall SnackAbility

7
/10

Population: 11,222
Rank Last Year: 15 (Up 5)
Home Price To Income Ratio: 3.4x (34th most expensive)
Income To Rent Ratio: 49.1x (43rd most expensive)
More on Webster: Real Estate | Data | Photos

The median income in Webster comes in at $55,497 and the median home value is $186,400 for 2021.

How We Determined The Most Expensive Places To Live In The Lone Star State For 2021

Map Of The Cheapest Places To Live In Texas
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. They are:

  • Median Home Price / Median Income (lower is better)
  • Median Income / Median Rent (Higher is better)
  • Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Texas to figure out which is the most expensive.

What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 352 places in Texas that have more than 5,000 people.

The place with the highest cost of living in Texas according to the data is Fair Oaks Ranch. You can download the data here.

Taking A Chunk Out Of Your Paycheck In Texas For 2021

Well there you have it, the places in Texas that have the highest cost of living, with Fair Oaks Ranch ranking as the most expensive city in the Lone Star State.

Here's a look at the most affordable cities in Texas according to the data:

  1. Progreso
  2. Muleshoe
  3. Pecos

For more Texas reading, check out:

Detailed List Of The Most Expensive Cities In Texas

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Fair Oaks Ranch 20.33 9,944 3.5x 43.6x
2 College Station 31.0 113,686 5.3x 46.6x
3 Prairie View 43.0 6,678 6.9x 23.5x
4 Fredericksburg 43.33 11,245 5.5x 52.4x
5 San Marcos 44.33 63,220 4.2x 37.9x
6 Huntsville 50.0 41,592 4.7x 38.8x
7 Granbury 52.67 9,939 3.7x 48.7x
8 Addison 53.0 15,302 4.5x 55.4x
9 Austin 55.67 950,807 4.7x 55.9x
10 Webster 58.33 11,222 3.4x 49.1x
11 Galveston 59.33 50,241 3.7x 49.8x
12 Dallas 59.67 1,330,612 3.6x 50.0x
13 Boerne 63.67 15,891 4.0x 56.1x
14 Nacogdoches 68.0 33,200 4.1x 47.4x
15 Houston 70.67 2,310,432 3.3x 50.3x
16 Lewisville 72.0 106,386 3.2x 53.3x
17 Denton 73.33 136,195 3.6x 55.5x
18 Marble Falls 73.67 6,542 4.4x 54.9x
19 Tomball 74.83 11,689 3.6x 55.2x
20 Richmond 80.0 12,646 3.7x 51.3x
21 Brenham 81.0 17,123 3.6x 52.3x
22 Fairview 84.33 8,832 4.0x 60.9x
23 Bee Cave 84.33 6,642 6.1x 62.8x
24 Stafford 84.67 17,206 2.9x 51.0x
25 Lago Vista 84.67 6,935 3.0x 55.5x
26 Kerrville 85.0 23,370 3.7x 55.4x
27 Rosenberg 87.67 37,059 3.0x 48.1x
28 Bryan 87.67 84,096 3.2x 50.0x
29 Georgetown 88.67 71,004 3.6x 60.0x
30 Princeton 89.33 10,846 2.8x 50.8x
31 Waco 93.33 135,858 3.1x 46.6x
32 Conroe 93.67 84,358 3.1x 55.6x
33 Bastrop 96.0 8,776 3.5x 58.2x
34 Anthony 98.0 5,236 3.1x 42.6x
35 Manor 98.67 9,974 2.5x 43.9x
36 Humble 98.67 15,864 2.9x 43.2x
37 Port Isabel 98.67 6,292 3.3x 45.0x
38 Hempstead 99.67 7,691 3.1x 40.8x
39 Euless 100.0 55,763 3.0x 57.2x
40 Selma 100.0 10,419 2.6x 50.7x
41 Rockport 100.67 10,841 3.0x 55.2x
42 Stephenville 101.67 20,603 3.0x 50.9x
43 Richardson 102.67 116,432 3.2x 61.1x
44 Melissa 103.0 9,487 2.6x 56.4x
45 Helotes 103.0 9,175 2.7x 58.0x
46 Joshua 104.67 7,477 3.2x 57.6x
47 Murphy 105.0 20,612 2.8x 59.6x
48 Willow Park 105.0 5,365 2.3x 49.6x
49 Farmers Branch 108.0 39,039 2.6x 54.0x
50 New Braunfels 109.0 79,438 3.1x 60.1x
51 Grapevine 109.67 53,317 3.5x 66.0x
52 Jersey Village 110.33 7,933 3.9x 66.5x
53 Hutto 110.33 25,320 2.5x 51.1x
54 Duncanville 110.5 39,415 2.7x 49.5x
55 Lakeway 113.33 15,138 3.6x 71.8x
56 Plano 114.67 287,064 3.3x 67.4x
57 Hurst 114.67 38,976 3.0x 59.0x
58 Highland Park 115.0 9,168 7.1x 92.8x
59 Mckinney 115.67 182,055 3.3x 67.0x
60 Palmview 117.0 5,733 3.1x 41.3x
61 San Antonio 117.0 1,508,083 2.8x 52.9x
62 Taylor 117.83 17,001 3.0x 56.6x
63 University Park 118.33 25,036 5.8x 108.5x
64 Gilmer 118.67 5,105 3.3x 53.4x
65 Irving 119.0 239,783 2.7x 56.6x
66 Alamo Heights 119.67 8,374 4.4x 92.0x
67 Tyler 120.0 104,789 3.0x 57.3x
68 Lubbock 120.33 253,851 2.8x 52.8x
69 Kyle 120.67 42,706 2.5x 54.1x
70 Hidalgo 121.0 13,884 3.0x 49.7x
71 West University Place 121.33 15,603 4.5x 110.6x
72 Arlington 122.0 395,477 2.8x 57.4x
73 Lucas 122.33 7,763 3.7x 87.4x
74 Bellaire 122.33 18,815 4.1x 105.9x
75 Carrollton 123.67 135,834 3.0x 63.4x
76 Gladewater 123.83 5,991 2.9x 36.9x
77 Bedford 124.67 49,323 3.1x 63.0x
78 Round Rock 124.67 124,434 3.0x 62.8x
79 Colleyville 125.0 26,462 3.2x 76.4x
80 Fate 125.0 12,787 2.3x 55.1x
81 Garland 125.33 238,418 2.6x 54.0x
82 Roanoke 126.0 8,341 3.3x 76.0x
83 Little Elm 126.33 45,967 2.6x 59.5x
84 Terrell Hills 128.33 5,371 3.4x 96.4x
85 North Richland Hills 128.67 70,202 2.9x 61.0x
86 Heath 128.67 8,709 3.1x 78.2x
87 Royse City 129.83 12,982 2.3x 52.1x
88 Buda 130.0 15,565 2.9x 64.3x
89 Granite Shoals 130.0 5,121 3.0x 55.7x
90 Missouri City 130.67 74,557 2.2x 52.0x
91 Keene 132.67 6,396 3.0x 57.3x
92 Glenn Heights 133.0 12,802 2.4x 50.5x
93 Seguin 133.0 28,894 2.7x 54.4x
94 Coppell 133.67 41,645 3.2x 84.4x
95 Dayton 134.67 7,952 3.2x 62.2x
96 Lake Dallas 135.33 8,016 2.6x 56.6x
97 Frisco 135.33 177,020 3.1x 84.4x
98 Crockett 135.67 6,447 2.9x 39.4x
99 Prosper 136.33 22,517 3.1x 98.0x
100 Aransas Pass 136.5 8,088 2.6x 49.5x

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About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.