Cost of living in Frisco 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 Frisco 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 Frisco is 120, with 100 being the average.
The cost of living index in Frisco is 1.2x higher than the national average.
Frisco ranks as the #383 cheapest in Texas out of 405.
Frisco ranks as the #4,798 cheapest out of 6,412 in the US.
The median home value in Frisco is $448,000.
The median income in Frisco is $134,210.
According to the most recent data on the cost of living, Frisco has an overall cost of living index of 120, which is 1.2x higher than the national index of 100.
Compared to Texas, Frisco has a cost of living index that's 1.3x higher than Texas's index of 92.
The standard of living in Frisco ranks as #383 most affordable out of the 405 places we measured in Texas. By definition, that implies Frisco ranks as the #22 most expensive place in the Lone Star State.
For more reading on life in Frisco, check out:
Six factors go into calculating the cost of living index in Frisco. Here is how it fairs on each of the criteria:
The Services index in Frisco is 113.
The Groceries index in Frisco is 97.
The Health index in Frisco is 75.
The Housing index in Frisco is 155.
The Transportation index in Frisco is 101.
The Utilities index in Frisco is 109.
|Living Expense||Frisco||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 Frisco is $448,000.
The Median Rent in Frisco is $1,628.
The Median Income in Frisco is $134,210.
The Home Value To Income in Frisco is 3.3x.
The Rent To Monthly Income in Frisco is 0.15x.
|Median Home Value||$448,000||$202,600||$244,900|
|Home Value To Income||3.3x||3.0x||3.5x|
|Rent To Monthly Income||0.15x||0.2x||0.2x|
The cost of living varies in the cities and towns around Frisco. 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, 0.9x Frisco.
McKinney, TX has a cost of living index of 112, 0.9x Frisco.
Carrollton, TX has a cost of living index of 105, 0.9x Frisco.
|City||Population||Cost Of Living||Vs. Frisco|
|Flower Mound, TX||75,050||117||1.0x|
|Little Elm, TX||45,124||107||0.9x|
|The Colony, TX||43,489||102||0.8x|