Cost of Living in Collin County, Texas

$1,792/mo
Median Monthly Rent
$447,600
Median Home Value
86% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,792/mo
86% above state average
Median Home Value
$447,600
59% above national
Rent-to-Income Ratio
28.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Collin County Compares

Median monthly rent comparison

Collin County$1,792/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$1,792/mo
Median Gross Rent
$447,600
Median Home Value
$2,231/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Collin County, Texas

Collin County: Affluent but still manageable

Despite median rents of $1,792 and a median home value of $447,600, Collin County's rent-to-income ratio sits at 18.3%—nearly identical to the national burden of roughly 30% for lower-income Americans. The key difference: the typical household earns $117,588, nearly 60% above the national median of $74,755, making these premium prices sustainable for residents.

Highest costs, highest incomes in Texas

Collin County's $1,792 median rent is 86% higher than the Texas state average of $963, and its 18.3% rent-to-income ratio slightly exceeds the state average of 18.1%. This Dallas-Fort Worth suburb ranks as one of Texas's priciest counties, yet elevated incomes keep affordability ratios in line with state norms.

A tier above Comal, worlds apart from rural West Texas

Collin County's $1,792 rent dwarfs nearby Comal County ($1,460) and absolutely dominates rural counties like Coke ($687) and Coleman ($714). For homebuyers, Collin's $447,600 median home value exceeds Comal's $398,800 and is four times the rural West Texas median of roughly $110,000.

Premium housing for premium incomes

The typical Collin County household earning $117,588 allocates $1,792 monthly for rent (18.3% of income) or $2,231 monthly to own a $447,600 home. Combined housing costs approach 45% of gross income—higher than rural counties—but the substantial salary absorbs this burden more easily than lower-earning regions.

Collin offers premium living in North Texas

If relocating to Collin County appeals to you, expect Dallas-Fort Worth metro pricing: $1,792 in monthly rent or nearly $450,000 for a median home. However, with a median household income of $117,588—the highest in this group—Collin remains proportionally affordable for its affluent population compared to lower-income counties.

Affordability Calculator

See how your income compares to housing costs in Collin County

$

Rent Burden

18.3%

of gross income

Max Housing (28% Rule)

$2,744

per month

Owner Cost Burden

22.8%

of gross income

The median home in Collin County may be a stretch

Median home value is $447,600. Estimated monthly cost: $3,573 vs. your max of $2,744.

Rent Affordability Guide

Your rent-to-income ratio18.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Collin County, Texas?
Collin County, Texas has a median monthly rent of $1,792/mo and a median home value of $447,600. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Collin County?
The median gross rent in Collin County is $1,792/mo. This is 86% above state average for Texas.
Is Collin County affordable?
Collin County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Collin County's rent compare to the state average?
Collin County's median rent of $1,792/mo is 86% above state average of $963/mo for Texas.
What is the median home value in Collin County?
The median home value in Collin County, Texas is $447,600. This is 59% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.