| Index | Flower Mound | Texas | National |
| Cost of living | 130 | 94 | 100 |
| Groceries | 98 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 205 | 83 | 100 |
| Transportation | 101 | 98 | 100 |
| Utilities | 102 | 103 | 100 |
| Lifestyle & Entertainment | 97 | 98 | 100 |
| Household Items | 96 | 98 | 100 |
| Education & Childcare | 97 | 98 | 100 |
The cost of living in Flower Mound affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Flower Mound is 130, which is 30% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
If you're in pursuit of an economical living environment, Flower Mound may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Flower Mound falls within this bracket.
Housing costs make up a big chunk of the cost of living in Flower Mound, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 104.6% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 14 locals to get their views on the cost of living in Flower Mound. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 29% found it budget-friendly with decreasing prices, while 71% said it's simply not affordable as prices have continued to rise.
Is Flower Mound affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Flower Mound, the median home price is 113% higher than the national average and monthly rent prices are 85% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Flower Mound boasting a median household income of $208,884, 156.8% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Flower Mound, the groceries index is 2% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Flower Mound, the housing index comes in at 104.6% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
The cost of living data for Flower Mound shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $226,302 | $18,859 | $5,280 | $6,790 |
| Renters | $120,699 | $10,058 | $2,816 | $3,621 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Corral City, TX | 14 | 99 | 1.3% |
| Bristol, TX | 462 | 99 | 1.1% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Horseshoe Bend, TX | 641 | 83 | 16.7% |
| Blue Mound, TX | 2,372 | 93 | 6.8% |
| Flower Mound, TX | 81,609 | 130 | 30.5% |
| City | Population | Cost of Living Index | National Avg. |
| Plymouth, MN | 81,485 | 126 | 25.8% |
| New Rochelle, NY | 81,413 | 159 | 58.5% |
| Kawartha Lakes, ON | 81,906 | n/a | |
| Lakewood, CA | 81,936 | 168 | 68.0% |
| Lawrence, MA | 82,025 | 125 | 25.4% |
| Flower Mound, TX | 81,609 | 130 | 30.5% |
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