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Cost of living

Prosper, Texas

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Prosper, TX is #73 on the list Top 100 Most Affordable U.S. Cities with Outstanding Education in 2023, #19 on the list Top 100 Best Places to Raise a Family in the South in 2023, #25 on the list Top 100 Best Places to Raise a Family in the South in 2022

Cost of living in Prosper, Texas

  • Cost of living compared to USAhigh
  • Cost of living compared to Texasthe highest
  • Median household incomethe highest

Is it expensive to live in Prosper, Texas? When calculating the cost of living in Prosper, Texas we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Prosper, Texas is highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Texas, while median household income in Prosper is $153,777 which is the highest Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Texas.

Taxes in Prosper, Texas

The sales tax rate in Prosper, Texas is 8.2%. Last year, the average property taxes paid was 1.9% Prosper, Texas.

The state of Texas is one of the states with no state income taxes.

Housing costs in Prosper, Texas

  • The average cost of a single-family home compared to USAthe highest
  • The average cost of a single-family home compared to Texasthe highest

In Prosper, Texas, 89.0% of the population owns their homes, while approximately 11.0% rent. The average cost of a single-family home in Prosper, Texas in 2022 is $486,841 which is the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Texas. The average one-bedroom apartment cost is approximately $1,834 per month.

Rental SizeMonthly CostCompared to Texas
1 Bedroom$1,834the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$2,163the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$2,725the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$3,553the highestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest

Pros and Cons of living in Prosper, Texas in reviews from users in their own words:

ProsCons
  • "Small town feel "
  • "We have an acre and good schools and services for our son with autism "
  • "Convenient, nice houses, comfortable, "
  • "Great schools, nice people"
  • "Education, land"
  • "Low crime, nice people, excellent schools. Good proximity to Dallas"
  • "High real estate taxes "
  • "The heat, Republicans "
  • "Too conservative, elementary school reading /math not strong"
  • "Conservative, uppity"
  • "Politics, snobbery"
  • "Weather, snobbery, and politics"

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