Living in Addison, Texas
Cost of living, income, home prices, rent and demographics of Addison · Census data 2020–2024
Addison has 17,290 residents with a median age of 35. The median household income is $73,854 (6% lower than the Texas median), the median home value is $482,000, the median rent is $1,784/month.
Addison at a glance
- Population
- 17,290
- Median age
- 35State: 35.6
- Median household income
- $73,854State: $78,476
- Median home value
- $482,000State: $283,800
- Median rent
- $1,784/moState: $1,403
- Homeowners
- 18%
- Bachelor's degree or higher
- 63.8%
- Average commute
- 22 min
Is Addison a good place to live?
Pros: An average commute of 22 minutes; unemployment of 2.8%; a poverty rate of 7.6%.
Cons: Median household income 6% lower than the Texas median; home values 70% higher than the state median.
The weather is best in March to May and October.
Cost of living in Addison
Housing is the biggest part of the cost of living. In Addison the median home value is $482,000, 45% higher than the U.S. median. Renters pay a median of $1,784 per month, which is 29.8% of household income. Homeowners with a mortgage pay $2,610 a month in housing costs.
Addison median household income
The median household income in Addison is $73,854 and the income per person is $61,699. 7.6% of residents live below the poverty line (Texas: 13.8%).
Housing in Addison: homes for sale and rent
- Housing units
- 11,369
- Owner-occupied
- 18%
- Renter-occupied
- 82%
- Vacant
- 5%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 1.60
Addison demographics
- Population
- 17,290
- Median age
- 35
- Under 18
- 8.1%
- 65 and older
- 10.9%
- Households
- 10,795
- Foreign-born
- 24.8%
- Veterans
- 3.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Addison ›
Education in Addison
63.8% of adults 25 and older in Addison have a bachelor's degree or higher (Texas: 33.8%), and 24% have a graduate or professional degree.
Jobs and commute in Addison
- Unemployment rate
- 2.8%State: 5.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 25.2%
- Drive alone
- 67.2%
- Public transit
- 0.8%
- Walk to work
- 1.1%
- Homes with broadband
- 95.7%
Addison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Addison | 17,290 | $73,854 | $482,000 | $1,784 |
| Farmers Branch | 36,645 | $91,186 | $364,600 | $1,864 |
| Carrollton | 133,740 | $101,396 | $381,000 | $1,735 |
| Hebron | 253 | $218,424 | $478,600 | $1,225 |
| Richardson | 118,731 | $98,111 | $431,400 | $1,857 |
| Plano | 290,594 | $112,253 | $465,900 | $1,841 |
| University Park | 25,155 | $250,001 | $1,861,800 | $3,272 |
| Coppell | 42,154 | $146,235 | $560,500 | $2,022 |
| Highland Park | 8,773 | $250,001 | $1,989,900 | $1,940 |
More for people moving to Addison
Addison ZIP code ›Weather and climate ›Living in Addison: FAQ
What is the median household income in Addison, TX?
The median household income in Addison is $73,854, 6% lower than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Addison?
The median home value in Addison is $482,000, compared with $283,800 in Texas.
How much is rent in Addison?
The median gross rent in Addison is $1,784 per month, about 29.8% of household income.
Is Addison, TX a good place to live?
Pluses: an average commute of 22 minutes; unemployment of 2.8%; a poverty rate of 7.6%. Minuses: median household income 6% lower than the Texas median; home values 70% higher than the state median.
What is the median age in Addison?
The median age in Addison is 35 years (Texas: 35.6).
How long is the commute in Addison?
The average commute to work in Addison is 22 minutes; 25.2% of workers work from home.
What is the unemployment rate in Addison?
The unemployment rate in Addison is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Addison?
63.8% of adults in Addison have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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