MyNeighborhood

Can you afford to live in Allen?

Median household income, home values and rent in Allen, TX — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Allen.

Median household income: $129,130 — +25.3% since 2015 (not adjusted for inflation)

Median gross rent: $1,877/mo — +48.9% since 2015

Median home value, 2015 to 2023

  • 2015: 220500
  • 2023: 429900

Median household income

  • Allen: 129130
  • Collin County: 117588
  • TX: 76292
  • U.S.: 78538

Median gross rent

  • Allen: 1877
  • Collin County: 1792
  • TX: 1339
  • U.S.: 1348

Share of income a typical renter spends on rent: 30.9% — U.S.: 30.2%

What it means

The typical household here earns $129,130 — far higher than the national figure of $78,538.

The typical renter here spends 30.9% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+48.9% versus +25.3%), before adjusting for inflation.

Sources

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