salaryRent is higher than in 67% of U.S. cities. A typical house costs about 6.1 years of household income, so buying is hard for most locals. Most households rent (82%), so there are plenty of rental options. It is a highly educated city: 63.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $78,560 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 334 of 426 cities from cheapest to most expensive.
How much do households earn in Addison?
Share of households by yearly income. 21.8% of households earn $100,000 or more.
Rent by apartment size in Addison
| Size | Addison | U.S. average |
|---|---|---|
| Studio | $1,785 | $1,338 |
| 1 bedroom | $1,750 | $1,324 |
| 2 bedrooms | $2,197 | $1,509 |
| 3 bedrooms | $2,887 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Addison overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Addison, so the Texas figure is shown.
Taxes and bills in Addison
Life in Addison
Is it cheaper to rent or buy in Addison?
Renting is cheaper right now: about $1,380 a month less.
Owning assumes a typical $482,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $48,200 for the down payment.
Frequently asked questions
What is the average rent in Addison, TX?
Renting in Addison costs a median of about $1,964 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Addison?
To keep rent under 30% of income, you need about $78,560 a year, or $38 an hour at a full-time job.
Is Addison cheap or expensive?
Addison is rated OK: rent takes 29.6% of the typical household income of $79,652. It ranks 334th cheapest of 426 Texas cities we track.
How much are property taxes in Addison?
The median homeowner in Addison pays $7,041 a year in property taxes, about 1.46% of the median home value.
Is Addison more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Addison?
The median home value in Addison is $482,000, about 6.1 times the typical yearly household income.
17,290 people live in Addison. Numbers are typical (middle) values.