Cost of living in Allen research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Allen is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Allen is 110, with 100 being the average.
The cost of living index in Allen is 1.1x higher than the national average.
Allen ranks as the #365 cheapest in Texas out of 405.
Allen ranks as the #4,128 cheapest out of 6,412 in the US.
The median home value in Allen is $344,100.
The median income in Allen is $118,254.
According to the most recent data on the cost of living, Allen has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Texas, Allen has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Allen ranks as #365 most affordable out of the 405 places we measured in Texas. By definition, that implies Allen ranks as the #40 most expensive place in the Lone Star State.
For more reading on life in Allen, check out:
Six factors go into calculating the cost of living index in Allen. Here is how it fairs on each of the criteria:
The Services index in Allen is 112.
The Groceries index in Allen is 98.
The Health index in Allen is 79.
The Housing index in Allen is 129.
The Transportation index in Allen is 100.
The Utilities index in Allen is 109.
|Living Expense||Allen||Texas||National Average|
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Allen is $344,100.
The Median Rent in Allen is $1,637.
The Median Income in Allen is $118,254.
The Home Value To Income in Allen is 2.9x.
The Rent To Monthly Income in Allen is 0.17x.
|Median Home Value||$344,100||$202,600||$244,900|
|Home Value To Income||2.9x||3.0x||3.5x|
|Rent To Monthly Income||0.17x||0.2x||0.2x|
The cost of living varies in the cities and towns around Allen. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 114, 1.0x Allen.
Frisco, TX has a cost of living index of 120, 1.1x Allen.
McKinney, TX has a cost of living index of 112, 1.0x Allen.
|City||Population||Cost Of Living||Vs. Allen|
|The Colony, TX||43,489||102||0.9x|
|University Park, TX||25,029||214||1.9x|