Allen, TX Relocation Guide (2026)
Cost of living, housing, and income data for Allen, sourced from the US Census Bureau.
Salary needed to live in Allen →
Source: US Census Bureau ACS 5-Year (2022). Last updated July 2026.
With a population near 105,444, Allen, Texas sits above the multi-city income median: households earn a typical $121,259 per year (+68% vs. that benchmark).
Home values in Allen run a median $390,200, above the benchmark across cities in our dataset (+19%). Renters see a median monthly cost of $1,747. Mortgage rates and property taxes are worth checking before you commit either way.
With home values running about 3.2× median income, Allen lands on the affordable side of the housing-cost spectrum. Year-over-year, home prices near Allen have eased by about 0.75%, a mild cooldown rather than a sharp drop. FEMA classifies Allen's hazard risk as Relatively High. That elevated rating is a major driver of home insurance premiums in the area.
Personal Affordability Check
Renting at $1,747/mo in Allen would take 17.3% of your income.
$1,284/mo under the 30% guideline.
Buying the median home ($390,200) would take 20.6% of your income toward principal & interest.
$746/mo under the 28% guideline.
Cost of housing in Allen
Median home value is $390,200 and median gross rent is $1,747/month. For buyers, monthly costs depend heavily on current mortgage rates — worth checking before you commit.
FHFA's county-level home price index for Collin fell 0.75% over the past year (as of 2025).
HUD's FY 2026 Fair Market Rent for a 2-bedroom unit in the surrounding county is $1,931/month.
Climate & home insurance
FEMA rates Allen's overall natural-hazard risk as Relatively High. Risk level is a major driver of home insurance premiums.
Safety
Allen reported a violent crime rate of 78.5 per 100,000 residents in 2025, per FBI data.
Moving to Allen
Planning a move to Allen? Compare licensed movers and get quotes based on your origin and move date.
Frequently asked questions
- What is the cost of living in Allen, TX?
- For a quick read on Allen: homes carry a median value of $390,200, rent runs a median $1,747 monthly, and household income is a median $121,259, all from the US Census Bureau ACS 5-Year (2022).
- How much do you need to earn to live comfortably in Allen?
- Using the standard 30%-of-income rule of thumb, affording Allen's median rent of $1,747/month takes an income of roughly $69,880 a year. See the full salary breakdown (renting and buying) for Allen.
- Is it better to rent or buy in Allen?
- Allen's median rent of $1,747/month translates to about $69,880 a year needed to rent comfortably, versus roughly $89,276 a year for principal and interest on the $390,200 median home (20% down, 30-year fixed, today's rates). How long you'll stay is usually the deciding factor.
- Is Allen safe?
- In 2025, Allen reported 78.5 violent crimes per 100,000 residents, according to FBI data.
See the full salary breakdown for Allen →
Cities with a similar cost of living
Matched on median rent and household income within 15% of Allen's.