Farmers Branch, TX Cost Of Living
Cost Of Living In Farmers Branch, TX Summary
Cost of living in Farmers Branch 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 Farmers Branch 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 Farmers Branch is 111, with 100 being the average.
The cost of living index in Farmers Branch is 1.1x higher than the national average.
Farmers Branch ranks as the #319 cheapest in Texas out of 414.
Farmers Branch ranks as the #3,765 cheapest out of 6,489 in the US.
The median home value in Farmers Branch is $369,828.
The median income in Farmers Branch is $87,702.
Table Of Contents
Farmers Branch's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Farmers Branch, TX?
According to the most recent data on the cost of living, Farmers Branch has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Texas, Farmers Branch has a cost of living index that's 1.2x higher than Texas's index of 92.
The standard of living in Farmers Branch ranks as #319 most affordable out of the 414 places we measured in Texas. By definition, that implies Farmers Branch ranks as the #95 most expensive place in the Lone Star State.
For more reading on life in Farmers Branch, check out:
In Texas
In America
Farmers Branch Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Farmers Branch. Here is how it fairs on each of the criteria:
The Services index in Farmers Branch is 109.
The Groceries index in Farmers Branch is 101.
The Health index in Farmers Branch is 106.
The Housing index in Farmers Branch is 126.
The Transportation index in Farmers Branch is 87.
The Utilities index in Farmers Branch is 110.
| Living Expense | Farmers Branch | Texas | National Average | |
|---|---|---|---|---|
| Overall | 111 | 92 | 100 | |
| Services | 109 | 97 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 106 | 93 | 100 | |
| Housing | 126 | 82 | 100 | |
| Transportation | 87 | 94 | 100 | |
| Utilities | 110 | 104 | 100 | |
Farmers Branch, TX Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Farmers Branch is $369,828.
The Median Rent in Farmers Branch is $1,820.
The Median Income in Farmers Branch is $87,702.
The Home Value To Income in Farmers Branch is 4.2x.
The Rent To Monthly Income in Farmers Branch is 0.25x.
| Statistic | Farmers Branch | Texas | United States |
|---|---|---|---|
| Median Home Value | $369,828 | $298,905 | $303,400 |
| Median Rent | $1,820 | $1,339 | $1,348 |
| Median Income | $87,702 | $76,292 | $78,538 |
| Home Value To Income | 4.2x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.21x | 0.21x |
Median Home Value
Median Rent
Median Income
Farmers Branch, TX Costs By Category
Detailed Farmers Branch Services Costs Vs. Texas
| Item | Farmers Branch | Texas |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $14.6 | $12.13 |
| Bowling | $24.53 | $18 |
| Haircut | $33.29 | $24.26 |
| Beauty Salon | $65.85 | $45.56 |
Detailed Farmers Branch Groceries Costs Vs. Texas
| Item | Farmers Branch | Texas |
|---|---|---|
| Ground Beef | $5.23 | $5.84 |
| Fried Chicken | $1.74 | $1.57 |
| Milk | $4.65 | $4.67 |
| Potatoes | $4.93 | $4.93 |
| Pizza | $11.3 | $12.09 |
| Beer | $10.93 | $10.41 |
| Toothpaste | $3.57 | $3.7 |
Detailed Farmers Branch Health Costs Vs. Texas
| Item | Farmers Branch | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
Detailed Farmers Branch Transportation Costs Vs. Texas
| Item | Farmers Branch | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
Detailed Farmers Branch Utilities Costs Vs. Texas
| Item | Farmers Branch | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
Farmers Branch SnackAbility
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Cost Of Living In Cities Around Farmers Branch
The cost of living varies in the cities and towns around Farmers Branch. 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 129, 1.2x Farmers Branch.
Irving, TX has a cost of living index of 109, 1.0x Farmers Branch.
Frisco, TX has a cost of living index of 139, 1.3x Farmers Branch.
| City | Population | Cost Of Living | Vs. Farmers Branch |
|---|---|---|---|
| Plano, TX | 287,339 | 129 | 1.2x |
| Irving, TX | 255,036 | 109 | 1.0x |
| Frisco, TX | 210,238 | 139 | 1.3x |
| Carrollton, TX | 132,741 | 120 | 1.1x |
| Lewisville, TX | 128,313 | 118 | 1.1x |
| Richardson, TX | 118,269 | 123 | 1.1x |
| Allen, TX | 107,684 | 129 | 1.2x |
| Flower Mound, TX | 77,886 | 135 | 1.2x |
| The Colony, TX | 44,916 | 120 | 1.1x |
| Coppell, TX | 42,029 | 135 | 1.2x |
