salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 4.1 years of household income. Most homes (94.6%) are owned, so rentals can be hard to find. It is a highly educated city: 74.6% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 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 421 of 426 cities from cheapest to most expensive.
How much do households earn in Southlake?
Share of households by yearly income. 78.5% of households earn $100,000 or more.
Rent by apartment size in Southlake
| Size | Southlake | U.S. average |
|---|---|---|
| 1 bedroom | $2,262 | $1,324 |
| 3 bedrooms | $3,046 | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Southlake 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 Southlake, so the Texas figure is shown.
Taxes and bills in Southlake
Life in Southlake
Is it cheaper to rent or buy in Southlake?
Renting is cheaper right now: about $3,538 a month less.
Owning assumes a typical $1,014,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $101,450 for the down payment.
Frequently asked questions
What is the average rent in Southlake, TX?
Renting in Southlake costs a median of about $3,500+ a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Southlake?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Southlake cheap or expensive?
Southlake is rated Cheap: rent takes 16.8% of the typical household income of $250,000+. It ranks 421st cheapest of 426 Texas cities we track.
How much are property taxes in Southlake?
The median homeowner in Southlake pays $10,000+ a year in property taxes, about 0.99% of the median home value.
Is Southlake 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 Southlake?
The median home value in Southlake is $1,014,500, about 4.1 times the typical yearly household income.
31,137 people live in Southlake. Numbers are typical (middle) values.