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Cost of Living in Forney, TX

Population 31,532 · Census ACS 2020–2024 5-year estimates

Median rent$1,828
Median home value$346,400
Median household income$104,112

The median rent in Forney, TX is $1,828/month, 30% higher than the Texas median and 29% higher than the U.S. median. The median home value is $346,400, 4% higher than the national median. Households earn a median of $104,112 a year, 33% higher than the state median.

Affordability

Rent as a share of median income: 21.1%
Income needed for median rent (30% rule): $73,120/yr
Home price-to-income ratio: 3.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,752/mo

Run your own numbers: mortgage calculator · hourly to salary

Forney vs. Texas vs. U.S.

ForneyTexasU.S.
Median rent$1,828$1,403$1,413
Median home value$346,400$283,800$332,700
Median household income$104,112$78,476$80,734
Homeownership rate72.2%62.6%65.2%
Bachelor's degree or higher36.6%33.8%35.7%
Poverty rate8.8%13.8%12.5%
Unemployment rate5.9%5.3%5.2%
Work from home10.5%14.4%15.1%
Median age31.435.638.9

FAQ

What is the average rent in Forney, TX?

The median gross rent in Forney, TX is $1,828 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $73,120 a year in gross income.

Is Forney, TX expensive to live in?

Rent there is 29% higher than the U.S. median, and the median home costs about 3.3 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

Woodstock, GARent $1,821 · Income $103,496Sahuarita, AZRent $1,837 · Income $104,680Tualatin, ORRent $1,806 · Income $104,043Fontana, CARent $1,839 · Income $102,821Sandy Springs, GARent $1,870 · Income $104,340Ramona, CARent $1,830 · Income $107,427

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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