| Index | Prosper | Texas | National |
| Cost of living | 141 | 94 | 100 |
| Groceries | 97 | 98 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 240 | 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 Prosper? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Prosper stands at 141, making it 41% 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.
The cost of living in Prosper is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Prosper falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs are a very significant part of the Prosper cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 140% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Wondering if Prosper is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Prosper, for example, the median home price is 168.7% higher than what folks pay nationally, and monthly rent is 73.1% higher than the usual rates. Plus, income levels matter too, with Prosper boasting a median household income of $224,970, which is 176.6% higher than the national average.
Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Prosper, is 140% 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 Prosper, the healthcare costs are 3.6% lower than the national average.
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 Prosper, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 0%.
The Prosper cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical 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 | $242,405 | $20,200 | $5,656 | $7,273 |
| Renters | $107,599 | $8,967 | $2,510 | $3,228 |
| 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% |
| St. Paul CDP, TX | 608 | 80 | 19.8% |
| St. Paul, TX | 1,407 | 80 | 19.7% |
| Van Alstyne, TX | 4,248 | 98 | 2.3% |
| Prosper, TX | 26,777 | 141 | 41.3% |
| City | Population | Cost of Living Index | National Avg. |
| Woodburn, OR | 26,769 | 111 | 11.5% |
| Hercules, CA | 26,786 | 171 | 71.1% |
| Laurel, MD | 26,740 | 125 | 24.7% |
| Lemoore, CA | 26,733 | 119 | 18.9% |
| Terrytown, LA | 26,731 | 97 | 3.4% |
| Prosper, TX | 26,777 | 141 | 41.3% |
Here are the best places to live in Texas
See the best places to live in Prosper
Safest States In The US
Most Dangerous Cities In The US