Cost of Living in Frisco, TX

Frisco is about 28% more expensive than the national average.

What Things Cost

Compared to the US average (100)

Renting
Census ACS 2024
▲ 60%
Buying
Census ACS 2024
▲ 78%
Goods
BEA RPP 2023
▲ 4%
Services
BEA RPP 2023
▲ 18%

Frisco at a Glance

Median rent$2,200/mo
Median home price$735,300
Median household income$145,444
State income taxNone
Combined sales tax8.25%
Effective property tax1.95%

No state income tax. That saves a typical household thousands per year compared to states like California (13.3%) or New York (10.9%).

Sources: Census ACS 2024, Tax Foundation.

Frisco is one of the fastest-growing cities in America, in the northern DFW metroplex. Dallas Cowboys HQ (The Star) is here. PGA of America relocated here. Schools (Frisco ISD) are among the best in Texas. No state income tax.

Who Lives Here

Source: Census ACS 2024.

Population235,221
Median age39
College degree or higher69.3%
Homeowners63.7%
Renters36.3%
Foreign born31.4%
Vacancy rate2.2%

Why People Move to Frisco

Top schools, corporate employment, professional sports facilities, and master-planned communities. No income tax on $120K household incomes creates real wealth-building potential.

Neighborhoods

The Star District is newest mixed-use. Starwood and Newman Village are luxury. Nearly every neighborhood is master-planned with an HOA.

Things to Consider

Property tax of 1.95% means a $550K home costs $10,725/year in property taxes. Entirely car-dependent. No historic downtown. Everything is less than 25 years old. Summer heat is intense.

Sources: Housing from Census ACS 2024. Goods and services from BEA Regional Price Parities 2023 (Dallas-Fort Worth-Arlington, TX). Taxes from Tax Foundation. Demographics from Census ACS 2024. Full disclaimer.

Frequently Asked Questions About Frisco

Corporate relocations to no-income-tax Texas, excellent schools, the Cowboys' Star complex, and available land. Growth sustained for two decades.

Yes. 1.95% on a $550K home equals roughly $10,725/year. For high earners the no-income-tax structure is still advantageous overall. For moderate earners, property tax can exceed what income tax would have been.

Very little. Frisco was 6,100 people in 1990. A small stretch of Main Street preserves some pre-growth character. Everything else is post-2000.