States › Texas › Lavon

Is Lavon, TX expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,31832% higher than U.S. average
💵 Families earn per year (2026)$141,610about $11,801/month · 63% higher than U.S. average
🔑 House price$394,30019% higher than U.S. average

Rent is higher than in 80% of U.S. cities. Household incomes are higher than in 87% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 34.3 minutes each way. Most homes (90.2%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $92,720 a year. That is $45 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 381 of 426 cities from cheapest to most expensive.

Lavon
$2,318
$1,888
$2,104
$1,041

How much do households earn in Lavon?

Under $25k
3.7%
$25k–50k
7.6%
$50k–100k
32.5%
$100k–150k
30.9%
$150k+
27.6%

Share of households by yearly income. 58.5% of households earn $100,000 or more.

How expensive is Lavon overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lavon, so the Texas figure is shown.

Taxes and bills in Lavon

🏛️ Property tax$6,495a year · 1.65% of home value · U.S. $3,119
⚡ Electric bill$181a month (typical) · U.S. $156

Life in Lavon

Commute to work34.3 minU.S.: 26.4 min
College degree42.4%U.S.: 35.7%
Own their home90.2%U.S.: 65.2%
Below poverty line1.6%U.S.: 12.5%
Unemployment3.6%U.S.: 5.2%

Is it cheaper to rent or buy in Lavon?

Renting is cheaper right now: about $418 a month less.

Renting
$2,318
Owning
$2,736

Owning assumes a typical $394,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,430 for the down payment.

Frequently asked questions

What is the average rent in Lavon, TX?

Renting in Lavon costs a median of about $2,318 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Lavon?

To keep rent under 30% of income, you need about $92,720 a year, or $45 an hour at a full-time job.

Is Lavon cheap or expensive?

Lavon is rated Cheap: rent takes 19.6% of the typical household income of $141,610. It ranks 381st cheapest of 426 Texas cities we track.

How much are property taxes in Lavon?

The median homeowner in Lavon pays $6,495 a year in property taxes, about 1.65% of the median home value.

Is Lavon 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 Lavon?

The median home value in Lavon is $394,300, about 2.8 times the typical yearly household income.

6,498 people live in Lavon. Numbers are typical (middle) values.