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Cost of Living in Denton, TX

Population 152,866 · Census ACS 2020–2024 5-year estimates

Median rent$1,420
Median home value$348,200
Median household income$76,019

The median rent in Denton, TX is $1,420/month, about the same as the Texas median and about the same as the U.S. median. The median home value is $348,200, 5% higher than the national median. Households earn a median of $76,019 a year, 3% lower than the state median.

Affordability

Rent as a share of median income: 22.4%
Income needed for median rent (30% rule): $56,800/yr
Home price-to-income ratio: 4.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,761/mo

Run your own numbers: mortgage calculator · hourly to salary

Denton vs. Texas vs. U.S.

DentonTexasU.S.
Median rent$1,420$1,403$1,413
Median home value$348,200$283,800$332,700
Median household income$76,019$78,476$80,734
Homeownership rate50.0%62.6%65.2%
Bachelor's degree or higher41.7%33.8%35.7%
Poverty rate15.8%13.8%12.5%
Unemployment rate5.1%5.3%5.2%
Work from home14.3%14.4%15.1%
Median age31.435.638.9

FAQ

What is the average rent in Denton, TX?

The median gross rent in Denton, TX is $1,420 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Denton, TX?

Using the common 30% rule, renting a median-priced home takes about $56,800 a year in gross income.

Is Denton, TX expensive to live in?

Rent there is about the same as the U.S. median, and the median home costs about 4.6 times the median household income.

Other cities in Texas

Houston, TXRent $1,361 · Income $64,813San Antonio, TXRent $1,324 · Income $65,056Dallas, TXRent $1,472 · Income $70,518Austin, TXRent $1,729 · Income $93,658Fort Worth, TXRent $1,509 · Income $79,507El Paso, TXRent $1,073 · Income $59,745

Cities with a similar cost of living

Mount Vernon, WARent $1,405 · Income $75,777Lake Magdalene, FLRent $1,434 · Income $75,594Salt Lake City, UTRent $1,414 · Income $75,090Hurricane, UTRent $1,426 · Income $75,016Salem, ORRent $1,400 · Income $75,487Nampa, IDRent $1,420 · Income $74,279

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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