The 10 Most Expensive Places To Live In Texas For 2022


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

HomeSnacks is reader-supported. When you click through real estate links on our site, we earn an affiliate commission. Learn more.
Editor’s Note: We updated this article for 2022. This is our ninth 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 2022.

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 $16,363/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 2022:

  1. Fair Oaks Ranch
  2. College Station
  3. Bastrop
  4. Prairie View
  5. Marble Falls
  6. Addison
  7. Fredericksburg
  8. San Marcos
  9. Bee Cave
  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 Muleshoe (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 2022

1. Fair Oaks Ranch

Fair Oaks Ranch, TX

Overall SnackAbility

10
/10

Population: 10,753
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 3.7x (29th most expensive)
Income To Rent Ratio: 42.0x (11th most expensive)
More on Fair Oaks Ranch: Real Estate | Data | Photos

The median income in Fair Oaks Ranch comes in at $129,154 and the median home value is $474,200 for 2022.

2. College Station

College Station, TX

Overall SnackAbility

8
/10

Population: 115,802
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 5.4x (7th most expensive)
Income To Rent Ratio: 47.4x (29th most expensive)
More on College Station: Real Estate | Data | Photos

The median income in College Station comes in at $47,456 and the median home value is $256,600 for 2022.

3. Bastrop

Bastrop, TX

Overall SnackAbility

6
/10

Population: 9,094
Rank Last Year: 33 (Up 29)
Home Price To Income Ratio: 4.4x (13th most expensive)
Income To Rent Ratio: 42.3x (13th most expensive)
More on Bastrop: Real Estate | Data | Photos

The median income in Bastrop comes in at $49,118 and the median home value is $217,200 for 2022.

4. Prairie View

Prairie View, TX

Overall SnackAbility

5
/10

Population: 6,813
Rank Last Year: 3 (Down 2)
Home Price To Income Ratio: 11.5x (most expensive)
Income To Rent Ratio: 16.4x (most expensive)
More on Prairie View: Real Estate | Data | Photos

The median income in Prairie View comes in at $16,363 and the median home value is $188,300 for 2022.

5. Marble Falls

Marble Falls, TX

Overall SnackAbility

4
/10

Population: 6,746
Rank Last Year: 18 (Up 12)
Home Price To Income Ratio: 4.8x (8th most expensive)
Income To Rent Ratio: 48.1x (37th most expensive)
More on Marble Falls: Real Estate | Data | Photos

The median income in Marble Falls comes in at $45,727 and the median home value is $218,100 for 2022.

6. Addison

Addison, TX

Overall SnackAbility

8
/10

Population: 15,428
Rank Last Year: 8 (Up 1)
Home Price To Income Ratio: 4.6x (11th most expensive)
Income To Rent Ratio: 53.2x (95th most expensive)
More on Addison: Real Estate | Data | Photos

The median income in Addison comes in at $75,235 and the median home value is $348,200 for 2022.

7. Fredericksburg

Fredericksburg, TX

Overall SnackAbility

7
/10

Population: 11,341
Rank Last Year: 4 (Down 4)
Home Price To Income Ratio: 5.8x (4th most expensive)
Income To Rent Ratio: 53.7x (10most expensive)
More on Fredericksburg: Real Estate | Data | Photos

The median income in Fredericksburg comes in at $53,500 and the median home value is $309,100 for 2022.

8. San Marcos

San Marcos, TX

Overall SnackAbility

6
/10

Population: 64,053
Rank Last Year: 5 (Down 4)
Home Price To Income Ratio: 4.4x (14th most expensive)
Income To Rent Ratio: 38.2x (5th most expensive)
More on San Marcos: Real Estate | Data | Photos

The median income in San Marcos comes in at $42,030 and the median home value is $185,300 for 2022.

9. Bee Cave

Bee Cave, TX

Overall SnackAbility

9
/10

Population: 6,778
Rank Last Year: 22 (Up 12)
Home Price To Income Ratio: 5.9x (3rd most expensive)
Income To Rent Ratio: 55.8x (136th most expensive)
More on Bee Cave: Real Estate | Data | Photos

The median income in Bee Cave comes in at $87,688 and the median home value is $513,800 for 2022.

10. Webster

Webster, TX

Overall SnackAbility

7
/10

Population: 11,229
Rank Last Year: 10 (Down 1)
Home Price To Income Ratio: 3.9x (22nd most expensive)
Income To Rent Ratio: 47.7x (33rd most expensive)
More on Webster: Real Estate | Data | Photos

The median income in Webster comes in at $53,339 and the median home value is $207,100 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Lone Star State For 2022

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 2016-2020 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 351 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.

Summary: Taking A Chunk Out Of Your Paycheck In Texas For 2022

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. Muleshoe
  2. Elsa
  3. Kermit

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 18.0 10,753 3.7x 42.0x
2 College Station 32.33 115,802 5.4x 47.4x
3 Bastrop 36.67 9,094 4.4x 42.3x
4 Prairie View 41.33 6,813 11.5x 16.4x
5 Marble Falls 42.33 6,746 4.8x 48.1x
6 Addison 44.0 15,428 4.6x 53.2x
7 Fredericksburg 47.33 11,341 5.8x 53.7x
8 San Marcos 48.0 64,053 4.4x 38.2x
9 Bee Cave 50.0 6,778 5.9x 55.8x
10 Webster 50.67 11,229 3.9x 47.7x
11 Huntsville 52.67 41,664 5.4x 35.0x
12 Granbury 53.0 10,325 4.1x 50.4x
13 Dallas 56.17 1,338,846 3.8x 49.3x
14 Austin 61.33 965,872 4.7x 56.3x
15 Galveston 63.83 50,307 3.8x 50.1x
16 Nacogdoches 70.0 32,912 4.3x 45.6x
17 Houston 71.0 2,313,238 3.5x 49.4x
18 Lewisville 77.0 107,740 3.5x 54.6x
19 Denton 77.33 139,734 3.8x 55.8x
20 Fairview 82.33 8,998 4.6x 61.2x
21 Kerrville 83.67 23,511 3.9x 54.5x
22 Boerne 83.67 16,909 3.9x 58.9x
23 Buda 84.67 16,484 3.3x 56.5x
24 Helotes 86.0 9,525 2.8x 54.2x
25 Richardson 89.33 118,583 3.5x 58.8x
26 Lake Dallas 89.67 8,004 3.2x 53.8x
27 Farmers Branch 90.67 42,659 2.9x 51.8x
28 Kyle 90.67 45,828 2.8x 50.8x
29 Bryan 91.33 85,645 3.4x 50.6x
30 Waco 92.0 137,779 3.3x 45.9x
31 Lakeway 92.0 15,605 3.6x 62.5x
32 Euless 92.0 56,334 3.2x 55.1x
33 Duncanville 92.67 39,096 2.9x 46.5x
34 Georgetown 92.67 75,470 3.7x 60.4x
35 Joshua 93.5 7,818 3.4x 55.2x
36 Port Isabel 93.5 6,278 3.7x 47.5x
37 Conroe 95.0 88,369 3.4x 56.1x
38 Belton 95.0 22,173 3.2x 51.3x
39 Stephenville 95.67 20,887 3.2x 49.0x
40 Willow Park 96.67 5,585 2.5x 49.4x
41 New Braunfels 100.67 84,622 3.3x 58.6x
42 Little Elm 101.0 49,792 2.9x 56.9x
43 Rockport 101.0 10,815 3.4x 57.2x
44 Richmond 101.33 12,592 3.4x 54.6x
45 Fate 103.33 14,300 2.6x 53.3x
46 Brenham 103.33 17,297 3.3x 53.9x
47 Rosenberg 103.67 37,816 2.9x 52.1x
48 Hurst 105.67 38,783 3.2x 57.5x
49 Grapevine 106.67 54,151 3.6x 65.3x
50 Hempstead 107.83 8,056 3.0x 37.8x
51 Missouri City 108.0 75,348 2.6x 50.2x
52 Gilmer 108.33 5,139 3.4x 50.6x
53 Keene 108.33 6,456 3.2x 51.3x
54 Plano 109.67 288,870 3.5x 66.6x
55 Tomball 111.5 11,689 3.3x 58.4x
56 Irving 112.0 240,475 3.0x 55.8x
57 Hutto 113.0 26,778 2.4x 49.1x
58 Crockett 113.33 6,424 3.4x 40.9x
59 San Antonio 114.0 1,529,133 2.9x 52.1x
60 Bedford 114.67 49,145 3.3x 61.4x
61 Highland Park 115.0 9,143 6.6x 93.9x
62 Aransas Pass 115.67 9,269 3.2x 53.9x
63 Stafford 117.0 16,904 2.8x 55.3x
64 Lancaster 117.33 39,264 2.7x 48.5x
65 Carrollton 118.0 137,319 3.2x 63.4x
66 Lago Vista 118.0 7,212 3.5x 66.8x
67 University Park 120.0 25,027 5.5x 118.2x
68 West University Place 120.33 15,589 4.7x 100.6x
69 Garland 121.0 238,622 2.7x 53.5x
70 Anthony 121.33 5,210 2.9x 45.4x
71 Alpine 122.0 6,029 4.0x 59.3x
72 Anna 122.33 14,159 2.4x 51.9x
73 Bellaire 122.67 18,862 4.1x 99.1x
74 Lacy-Lakeview 124.0 6,698 3.1x 50.0x
75 Alamo Heights 124.33 8,501 4.2x 103.5x
76 Melissa 124.33 10,774 2.7x 60.6x
77 Granite Shoals 124.67 5,142 2.6x 47.0x
78 The Colony 125.0 43,791 2.8x 59.2x
79 Leon Valley 125.17 12,279 3.2x 58.4x
80 Fort Worth 126.0 892,221 2.9x 57.9x
81 Mckinney 126.33 191,197 3.3x 69.9x
82 North Richland Hills 126.33 70,585 3.1x 62.5x
83 Krum 126.33 5,088 2.7x 55.4x
84 Cedar Hill 127.0 48,337 2.5x 51.3x
85 Colleyville 127.33 26,766 3.3x 75.8x
86 Arlington 127.33 397,269 3.0x 58.2x
87 Round Rock 127.33 128,812 3.0x 64.0x
88 Lubbock 127.67 257,013 2.9x 53.9x
89 Jersey Village 128.0 7,900 3.5x 72.1x
90 Roanoke 128.67 8,810 3.4x 73.9x
91 Lucas 129.0 8,137 3.7x 125.4x
92 Alvin 131.33 26,592 2.8x 54.2x
93 Giddings 131.67 5,095 2.7x 46.0x
94 Seguin 132.67 29,458 2.9x 54.6x
95 Texas City 132.83 49,468 2.7x 48.9x
96 Mesquite 133.33 142,429 2.6x 52.5x
97 Tyler 134.67 105,859 3.0x 58.1x
98 Waxahachie 135.0 36,735 2.9x 60.7x
99 Frisco 136.33 188,387 3.3x 85.4x
100 Haltom City 137.67 44,300 2.6x 48.6x

How Is The Area In ?

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.