salaryRent is higher than in 78% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs about 3.3 years of household income. It is a highly educated city: 57.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $90,600 a year. That is $44 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 372 of 426 cities from cheapest to most expensive.
How much do households earn in Allen?
Share of households by yearly income. 52.1% of households earn $100,000 or more.
Rent by apartment size in Allen
| Size | Allen | U.S. average |
|---|---|---|
| Studio | $2,001 | $1,338 |
| 1 bedroom | $1,692 | $1,324 |
| 2 bedrooms | $2,008 | $1,509 |
| 3 bedrooms | $2,496 | $1,698 |
| 4 bedrooms | $2,941 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Allen 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 Allen, so the Texas figure is shown.
Taxes and bills in Allen
Life in Allen
Is it cheaper to rent or buy in Allen?
Renting is cheaper right now: about $955 a month less.
Owning assumes a typical $464,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,410 for the down payment.
Frequently asked questions
What is the average rent in Allen, TX?
Renting in Allen costs a median of about $2,265 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Allen?
To keep rent under 30% of income, you need about $90,600 a year, or $44 an hour at a full-time job.
Is Allen cheap or expensive?
Allen is rated Cheap: rent takes 19.3% of the typical household income of $141,177. It ranks 372nd cheapest of 426 Texas cities we track.
How much are property taxes in Allen?
The median homeowner in Allen pays $7,844 a year in property taxes, about 1.69% of the median home value.
Is Allen 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 Allen?
The median home value in Allen is $464,100, about 3.3 times the typical yearly household income.
110,265 people live in Allen. Numbers are typical (middle) values.