salaryRent is higher than in 73% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 34.6 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $84,360 a year. That is $41 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 355 of 426 cities from cheapest to most expensive.
How much do households earn in Little Elm?
Share of households by yearly income. 45.9% of households earn $100,000 or more.
Rent by apartment size in Little Elm
| Size | Little Elm | U.S. average |
|---|---|---|
| Studio | $1,572 | $1,338 |
| 1 bedroom | $1,655 | $1,324 |
| 2 bedrooms | $2,269 | $1,509 |
| 3 bedrooms | $2,456 | $1,698 |
| 4 bedrooms | $2,873 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Little Elm 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 Little Elm, so the Texas figure is shown.
Taxes and bills in Little Elm
Life in Little Elm
Is it cheaper to rent or buy in Little Elm?
Renting is cheaper right now: about $810 a month less.
Owning assumes a typical $420,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $42,070 for the down payment.
Frequently asked questions
What is the average rent in Little Elm, TX?
Renting in Little Elm costs a median of about $2,109 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Little Elm?
To keep rent under 30% of income, you need about $84,360 a year, or $41 an hour at a full-time job.
Is Little Elm cheap or expensive?
Little Elm is rated Cheap: rent takes 19.7% of the typical household income of $128,578. It ranks 355th cheapest of 426 Texas cities we track.
How much are property taxes in Little Elm?
The median homeowner in Little Elm pays $7,420 a year in property taxes, about 1.76% of the median home value.
Is Little Elm 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 Little Elm?
The median home value in Little Elm is $420,700, about 3.3 times the typical yearly household income.
54,820 people live in Little Elm. Numbers are typical (middle) values.