Allen, Texas has an overall cost of living index of 98.1, which is 1.9 points below the US average of 100 — making it about average versus most American cities. Renters pay a median of $1,877 per month, while the typical home is valued around $429,900. Households earn a median of $129,130 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$129,130
Annual · Census ACS
Median Gross Rent
$1,877
Per month · Census ACS
Median Home Value
$429,900
Census ACS
Cost of Living Index
98.1
BEA RPP · US avg = 100
Studio FMR
$842
HUD Fair Market Rent
1BR Fair Market Rent
$847
HUD FMR
2BR Fair Market Rent
$1,060
HUD FMR
3BR Fair Market Rent
$1,376
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is indexed to the US average of 100. Below 100 = cheaper than average.
Overall
98.1
Goods
97.5
Rents / Housing
102.9
Services
108.8
Source: BEA Regional Price Parities (metro-level)
State Income Tax
None
No state income tax on wages
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | $112,220 |
| 🏥Registered Nurse | $88,660 |
| 📚Elementary Teacher | $77,950 |
| ⚡Electrician | $74,920 |
| 📊Accountant | $81,630 |
Source: BLS OEWS 2023 (metro-level data)
Population
107,684
Latest estimate
Median Age
38.5 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Allen?
Allen has a Regional Price Parity (RPP) index of 98.1. The US national average is 100, so Allen is 1.9 points below the national average.
What is the median rent in Allen?
The median gross rent in Allen is $1,877 per month according to US Census ACS data.
What is the median household income in Allen?
The median household income in Allen is $129,130 per year.
What is the median home value in Allen?
The median home value in Allen is $429,900 based on the latest Census ACS survey.
How is the air quality in Allen?
Air quality data for Allen is not yet available.
What are the taxes like in Allen?
Texas has no state income tax on wages and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology