What Is The Cost Of Living In Frisco Tx?

Definition of "What is the cost of living in frisco tx?"

Kyle Mccann real estate agent

Written by

Kyle Mccannelite badge icon

East Tennessee Real Estate

What is the cost of living in Frisco, TX

The city of Frisco overlaps in Collin and Denton counties in Texas. It's part of the Dallas-Fort Worth metroplex, which is a quick 30-minute drive north of Dallas. It was rated the #1 Best Suburb to Buy a House in the Dallas-Fort Worth Area. But did the cost of living increase in 2020? The market shows that the prices did grow by 2.2% from 2018 to 2019 with the largest increases in housing, food, and transport but overall, Frisco’s cost of living is 1% lower than the national average.

Being known as “the Sports suburb” of America, Frisco, TX is the fastest growing community in America due to the expanding economic climate of the area and the development of infrastructure in the city. This generated a 210% population growth which transformed the real estate market in Frisco, TX into a seller’s market. The influx of population meant that there aren’t as many active homes for sale as there are people interested in buying.

Frisco Housing Market

There are a number of approximately 1,400 homes on the market that have an average price of $450,000 within an overall suburb community. Housing expenses are higher than the national average by 21%. They spend an average of 85 on the market and have a very good sale-to-list price ratio. This means that the asking price and the actual paid value for the house are 98.1% accurate. The low crime rate makes this suburban community a good place for family life and has entertainment that can keep the whole family engaged. The median household income is $120,000 while the national value is at $55,000 and this makes for more than 75% of the population owning and not renting.

The house price to income ratio is also lower than the national average by 2% which means that housing is more affordable and the cost of living in Frisco, TX is as well. Of course, there are many factors that can influence this like location, amenities and other costs of living.

NO Income Taxes

Texas is a state with no state income tax. This, of course, has a ripple effect when it comes to the cost of living in Frisco, TX. This influenced a lot of companies to move their enterprises to Texas and many choose to settle in the area surrounding Frisco because it is close to DFW International Airport and Alliance cargo airport. 


This also adds to the migration from other parts of the country to Texas because, as a homeowner, you won’t pay state or local income taxes. Here, your income will be free of taxes other than the federal income taxes, which means more bucks in your pocket and allows for more income for the everyday cost of living. Many real estate investors are attracted to what this implies and how it affects the cost of living in Frisco, TX.


With economic growth, higher than average incomes and no state income taxes, the cost of living in Frisco, TX attracts families and employees that are eager to develop a life without lacking in family-focus and safety. It is a place where you can raise a family because of the good housing market and amazing school districts. If you decide to relocate to one of the best suburbs in Texas, get in touch with the top realtors in Frisco TX and start making the arrangements. What else do you think can influence the cost of living in Frisco, TX? Please share or comment.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Questions

Popular Real Estate Glossary Terms

The definition of an open-end lease is what happens when someone rents a property for a monthly rate with the added obligation to make a large final payment when the agreement is over to ...

Failure, without sufficient reason, for one or both parties to perform the terms of a real estate contract. Breach requires unequivocal, decisive, and absolute refusal to carry out the ...

Style of life emphasizing outdoor activities, amenities, and recreation. Example are campers and barbecues. It is usually on a short-term basis. ...

System of interconnected pipes, radiators, and/or ducts designed to heat a building utilizing a main heating unit. The system is controlled through a thermostat that regulates the ...

One of series of parallel beams directly supporting a floor or a roof. Joists can be made out of wood, steel or steel reinforced concrete. Joists are in turn supported by other beams or ...

When someone throws around the term “mobile home”, it almost requires further explanation to fully understand what that person is talking about. Why is that? Well, one mobile ...

Eight-by-four sheet of material attached to a wall's studs. It can be made attractive by wallpapering or painting. ...

Average of what savings institutions in the 11th district of the Federal Home Loan Bank System ( California, Arizona, and Nevada) are paying in interest to depositors and other sources of ...

Partner in a real estate business who remains anonymous but has legal rights and obligations. ...