| Index | Frisco | Texas | National |
| Cost of living | 132 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 210 | 83 | 100 |
| Transportation | 101 | 98 | 100 |
| Utilities | 100 | 103 | 100 |
| Lifestyle & Entertainment | 101 | 98 | 100 |
| Household Items | 97 | 98 | 100 |
| Education & Childcare | 103 | 98 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Frisco? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Frisco stands at 132, making it 32% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you value affordability in your search for a new place to live, Frisco may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Frisco falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs significantly influence the Frisco cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 109.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The most insightful perspective on a city comes from its residents. We recently surveyed 45 locals to gauge their perception of the cost of living in Frisco. The feedback revealed that 31% of respondents found the cost of living to be reasonable, with prices on the decline, while 69% regarded it as notably expensive with prices that continue to rise.
Is Frisco 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 Frisco, the median home price is 132.1% higher than the national average and monthly rent prices are 57.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Frisco boasting a median household income of $193,720, 138.2% higher than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Frisco, the groceries index is 2.7% lower than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Frisco, the utilities index registers at 0.1% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
The cost of living data for Frisco 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.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $239,359 | $19,947 | $5,585 | $7,181 |
| Renters | $104,810 | $8,734 | $2,445 | $3,145 |
| 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. |
| Bristol, TX | 462 | 99 | 1.1% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Lake Dallas, TX | 8,292 | 104 | 4.1% |
| Aubrey, TX | 4,493 | 105 | 5.3% |
| Lewisville, TX | 111,065 | 108 | 8.0% |
| Frisco, TX | 195,310 | 132 | 32.2% |
| City | Population | Cost of Living Index | National Avg. |
| Cape Coral, FL | 194,835 | 114 | 13.5% |
| McKinney, TX | 195,852 | 121 | 20.6% |
| Knoxville, TN | 193,504 | 92 | 7.6% |
| Shreveport, LA | 197,125 | 95 | 5.3% |
| Mobile, AL | 197,324 | 91 | 8.8% |
| Frisco, TX | 195,310 | 132 | 32.2% |
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