Irving vs Dallas: Cost of Living Comparison
How does the cost of living in Irving, Texas compare to Dallas, Texas? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Irving is the more affordable city overall. Housing costs are 4% lower in Irving compared to Dallas, while rent is 9% higher.
| Metric | Irving, TX | Dallas, TX | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $259,500 | $270,700 | -4.1% |
| Median Monthly Rent | $1,423 | $1,305 | +9.0% |
| Income | |||
| Median Household Income | $76,686 | $63,985 | +19.8% |
| Per Capita Income | $37,211 | $41,761 | -10.9% |
| Taxes | |||
| State Income Tax Rate | None | None | same |
| Combined Sales Tax | 8.2% | 8.2% | same |
| Demographics | |||
| Population | 254,962 | 1,300,642 | -80.4% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Irving
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Dallas
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Irving costs $259,500 compared to $270,700 in Dallas — a 4% discount.
- Rent: Median rent is $1,423/mo in Irving vs $1,305/mo in Dallas.
- Income: Median household income is $76,686 in Irving and $63,985 in Dallas.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).