| Index | Lewisville | Texas | National |
| Cost of living | 108 | 94 | 100 |
| Groceries | 98 | 98 | 100 |
| Health care | 100 | 98 | 100 |
| Housing | 128 | 83 | 100 |
| Transportation | 97 | 98 | 100 |
| Utilities | 102 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 102 | 98 | 100 |
| Education & Childcare | 101 | 98 | 100 |
Knowing the cost of living in Lewisville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Lewisville stands at 108, marking it 8% higher than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Lewisville are priced in a manner consistent with other areas. This means that residents of Lewisville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Housing costs are a major factor in the Lewisville cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 27.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 6 locals to gauge their perception of the cost of living in Lewisville. The feedback revealed that 50% of respondents found the cost of living to be reasonable, with prices on the decline, while 50% regarded it as notably expensive with prices that continue to rise.
Is Lewisville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Lewisville is 27.2% higher than the national average, while the average monthly rent prices are 28.7% higher than average. The affordability of any location can also be influenced by median income levels. Lewisville has a median household income of $100,919, which is 24.1% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Lewisville, the healthcare costs are 0.2% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Lewisville, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 0%.
The Lewisville cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $139,334 | $11,611 | $3,251 | $4,180 |
| Renters | $81,155 | $6,763 | $1,893 | $2,435 |
| 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% |
| Corral City, TX | 14 | 99 | 1.3% |
| Lincoln Park, TX | 199 | 80 | 20.2% |
| Lake Dallas, TX | 8,292 | 104 | 4.1% |
| Hurst, TX | 39,602 | 105 | 4.7% |
| Lewisville, TX | 111,065 | 108 | 8.0% |
| City | Population | Cost of Living Index | National Avg. |
| Sandy Springs, GA | 111,012 | 137 | 37.4% |
| Greeley, CO | 110,935 | 117 | 16.9% |
| Jurupa Valley, CA | 110,862 | 141 | 41.5% |
| Waterbury, CT | 110,817 | 102 | 2.2% |
| Daly City, CA | 111,327 | 204 | 104.4% |
| Lewisville, TX | 111,065 | 108 | 8.0% |
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