Prosper, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Prosper, TX Summary

Cost of living in Prosper 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 Prosper 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 Prosper is 127, with 100 being the average.

  • The cost of living index in Prosper is 1.3x higher than the national average.

  • Prosper ranks as the #391 cheapest in Texas out of 405.

  • Prosper ranks as the #5,140 cheapest out of 6,412 in the US.

  • The median home value in Prosper is $524,700.

  • The median income in Prosper is $159,164.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
127
Prosper's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Prosper, TX?

According to the most recent data on the cost of living, Prosper has an overall cost of living index of 127, which is 1.3x higher than the national index of 100.

Compared to Texas, Prosper has a cost of living index that's 1.4x higher than Texas's index of 92.

The standard of living in Prosper ranks as #391 most affordable out of the 405 places we measured in Texas. By definition, that implies Prosper ranks as the #14 most expensive place in the Lone Star State.

For more reading on life in Prosper, check out:

391 out of 405
In Texas
5,140 out of 6,412
In America

Prosper Cost Of Living Vs. Texas

Six factors go into calculating the cost of living index in Prosper. Here is how it fairs on each of the criteria:

  • The Services index in Prosper is 111.

  • The Groceries index in Prosper is 97.

  • The Health index in Prosper is 77.

  • The Housing index in Prosper is 184.

  • The Transportation index in Prosper is 98.

  • The Utilities index in Prosper is 108.

Living Expense Prosper Texas National Average
Overall 127 92 100
Services 111 96 100
Groceries 97 93 100
Health 77 93 100
Housing 184 84 100
Transportation 98 92 100
Utilities 108 104 100
For more reading on cost of living around Texas, check out:
Prosper Cost of Living Vs. TX

Prosper, 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 2017-2021. The key points are:

  • The Median Home Value in Prosper is $524,700.

  • The Median Rent in Prosper is $1,741.

  • The Median Income in Prosper is $159,164.

  • The Home Value To Income in Prosper is 3.3x.

  • The Rent To Monthly Income in Prosper is 0.13x.

Statistic Prosper Texas United States
Median Home Value $524,700 $202,600 $244,900
Median Rent $1,741 $1,146 $1,163
Median Income $159,164 $67,321 $69,021
Home Value To Income 3.3x 3.0x 3.5x
Rent To Monthly Income 0.13x 0.2x 0.2x
Search Homes For Sale In Prosper, TX
$524,700
Median Home Value
$1,741
Median Rent
$159,164
Median Income

Prosper, TX Costs By Category

Detailed Prosper Services Costs Vs. Texas

Item Prosper Texas
Shampoo $1.4 $1.06
Movie $11.58 $10.68
Bowling $21.11 $14.67
Haircut $17.97 $18.62
Beauty Salon $52.92 $39.05

Detailed Prosper Groceries Costs Vs. Texas

Item Prosper Texas
Ground Beef $4.07 $4.22
Fried Chicken $1.33 $1.39
Milk $1.98 $2.05
Potatoes $2.72 $3.29
Pizza $12.8 $10.62
Beer $9.91 $9.38
Toothpaste $2.33 $2.34

Detailed Prosper Health Costs Vs. Texas

Item Prosper Texas
Optometrist $125.0 $108.57
Doctor $68.0 $116.17
Dentist $75.75 $99.13

Detailed Prosper Transportation Costs Vs. Texas

Item Prosper Texas
Gasoline $2.12 $2.22
Tire Balancing $52.86 $50.07

Detailed Prosper Utilities Costs Vs. Texas

Item Prosper Texas
All Electricity $194.23 $167.67
Phone $185.48 $175.64

Prosper SnackAbility

9
/10
Overall SnackAbility
Jobs
9/10
Housing
9.5
Affordability
8.5
Diversity
8.5
Safety
8
Amenities
8
Education
9.5
Commute
4

Cost Of Living In Cities Around Prosper

The cost of living varies in the cities and towns around Prosper. 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 Prosper.

  • Frisco, TX has a cost of living index of 120, 0.9x Prosper.

  • McKinney, TX has a cost of living index of 112, 0.9x Prosper.

City Population Cost Of Living Vs. Prosper
Plano, TX 282,181 114 0.9x
Frisco, TX 193,140 120 0.9x
McKinney, TX 189,394 112 0.9x
Carrollton, TX 131,388 105 0.8x
Richardson, TX 115,904 110 0.9x
Lewisville, TX 110,077 100 0.8x
Allen, TX 102,778 110 0.9x
Little Elm, TX 45,124 107 0.8x
The Colony, TX 43,489 102 0.8x
Corinth, TX 22,216 107 0.8x

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