What is the cost of living in University Park, TX?
According to the most recent data on the cost of living, University Park has an overall cost of living index of 245, which is 2.5x higher than the national index of 100.
Compared to Texas, University Park has a cost of living index that's 2.6x higher than Texas's index of 93.
The standard of living in University Park ranks as #418 most affordable out of the 419 places we measured in Texas. By definition, that implies University Park ranks as the #1 most expensive place in the Lone Star State.
For more reading on life in University Park, check out:
University Park Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in University Park. Here is how it fares on each of the criteria:
The Services index in University Park is 103.
The Groceries index in University Park is 101.
The Health index in University Park is 576.
The Housing index in University Park is 107.
The Transportation index in University Park is 108.
The Utilities index in University Park is 103.
| Living Expense | University Park | Texas | National Average |
|---|---|---|---|
| Overall | 245 | 93 | 100 |
| Services | 103 | 100 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 576 | 81 | 100 |
| Housing | 107 | 97 | 100 |
| Transportation | 108 | 103 | 100 |
| Utilities | 103 | 100 | 100 |
University Park Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in University Park Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
University Park, 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 2020-2024. The key points are:
The Median Home Value in University Park is $2,420,170.
The Median Rent in University Park is $3,272.
The Median Income in University Park is $250,001.
The Home Value To Income in University Park is 9.7x.
The Rent To Monthly Income in University Park is 0.16x.
| Statistic | University Park | Texas | United States |
|---|---|---|---|
| Median Home Value | $2,420,170 | $300,957 | $332,700 |
| Median Rent | $3,272 | $1,403 | $1,413 |
| Median Income | $250,001 | $78,476 | $80,734 |
| Home Value To Income | 9.7x | 3.8x | 4.1x |
| Rent To Monthly Income | 0.16x | 0.21x | 0.21x |
University Park, TX Costs By Category
Detailed University Park Services costs vs. Texas
| Item | University Park | 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 University Park Groceries costs vs. Texas
| Item | University Park | 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 University Park Health costs vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Optometrist | $143.73 | $125.68 |
| Doctor | $140.69 | $135.78 |
| Dentist | $130.53 | $113.29 |
Detailed University Park Transportation costs vs. Texas
| Item | University Park | Texas |
|---|---|---|
| Gasoline | $3.09 | $3.46 |
| Tire Balancing | $52.04 | $59.92 |
Detailed University Park Utilities costs vs. Texas
| Item | University Park | Texas |
|---|---|---|
| All Electricity | $219.02 | $193.99 |
| Phone | $208.71 | $192.25 |
University Park SnackAbility
Cost Of Living In Cities Around University Park
The cost of living varies in the cities and towns around University Park. Here's a quick look at the cost of living in the most populous nearby places:
Dallas, TX has a cost of living index of 106, 0.4x University Park.
Plano, TX has a cost of living index of 120, 0.5x University Park.
Irving, TX has a cost of living index of 101, 0.4x University Park.
| City | Population | Cost Of Living | Vs. University Park |
|---|---|---|---|
| Dallas, TX | 1,307,930 | 106 | 0.4x |
| Plano, TX | 290,594 | 120 | 0.5x |
| Irving, TX | 256,492 | 101 | 0.4x |
| Garland, TX | 246,844 | 100 | 0.4x |
| Mesquite, TX | 149,299 | 99 | 0.4x |
| Carrollton, TX | 133,740 | 113 | 0.5x |
| Lewisville, TX | 131,080 | 108 | 0.4x |
| Richardson, TX | 118,731 | 116 | 0.5x |
| Allen, TX | 110,265 | 120 | 0.5x |
| Grapevine, TX | 51,139 | 125 | 0.5x |
