Living in Providence Village, Texas
Cost of living, income, home prices, rent and demographics of Providence Village · Census data 2020–2024
Providence Village has 8,721 residents with a median age of 32.9. The median household income is $110,430 (41% higher than the Texas median), the median home value is $351,000, the median rent is $2,413/month.
Providence Village at a glance
- Population
- 8,721
- Median age
- 32.9State: 35.6
- Median household income
- $110,430State: $78,476
- Median home value
- $351,000State: $283,800
- Median rent
- $2,413/moState: $1,403
- Homeowners
- 77.5%
- Bachelor's degree or higher
- 41.1%
- Average commute
- 43 min
Is Providence Village a good place to live?
Pros: Median household income 41% higher than the Texas median; unemployment of 1.6%; a poverty rate of 8%.
Cons: Home values 24% higher than the state median; an average commute of 43 minutes.
The weather is best in March to May and October.
Cost of living in Providence Village
Housing is the biggest part of the cost of living. In Providence Village the median home value is $351,000, 6% higher than the U.S. median. Renters pay a median of $2,413 per month, which is 33% of household income. Homeowners with a mortgage pay $2,281 a month in housing costs.
Providence Village median household income
The median household income in Providence Village is $110,430 and the income per person is $41,772. 8% of residents live below the poverty line (Texas: 13.8%).
Housing in Providence Village: homes for sale and rent
- Housing units
- 2,859
- Owner-occupied
- 77.5%
- Renter-occupied
- 22.5%
- Vacant
- 2%Includes seasonal homes
- Median year built
- 2009
- Average household size
- 3.11
Providence Village demographics
- Population
- 8,721
- Median age
- 32.9
- Under 18
- 35.1%
- 65 and older
- 8.2%
- Households
- 2,801
- Foreign-born
- 7.5%
- Veterans
- 7.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Providence Village ›
Education in Providence Village
41.1% of adults 25 and older in Providence Village have a bachelor's degree or higher (Texas: 33.8%), and 14.3% have a graduate or professional degree.
Jobs and commute in Providence Village
- Unemployment rate
- 1.6%State: 5.3%
- Average commute
- 43 minState: 27 min
- Work from home
- 20.8%
- Drive alone
- 63%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Providence Village vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Providence Village | 8,721 | $110,430 | $351,000 | $2,413 |
| Paloma Creek | 3,016 | $91,534 | $346,800 | $2,576 |
| Paloma Creek South | 8,860 | $121,747 | $364,900 | $2,664 |
| Cross Roads | 2,035 | $124,145 | $632,300 | $1,750 |
| Savannah | 6,469 | $142,868 | $400,000 | $2,000 |
| Krugerville | 1,577 | $117,917 | $426,000 | — |
| Little Elm | 54,820 | $119,219 | $420,700 | $1,953 |
| Oak Point | 5,887 | $126,290 | $395,900 | $2,227 |
| Aubrey | 7,396 | $101,574 | $345,000 | $1,882 |
More for people moving to Providence Village
Providence Village ZIP code ›Weather and climate ›Living in Providence Village: FAQ
What is the median household income in Providence Village, TX?
The median household income in Providence Village is $110,430, 41% higher 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 Providence Village?
The median home value in Providence Village is $351,000, compared with $283,800 in Texas.
How much is rent in Providence Village?
The median gross rent in Providence Village is $2,413 per month, about 33% of household income.
Is Providence Village, TX a good place to live?
Pluses: median household income 41% higher than the Texas median; unemployment of 1.6%; a poverty rate of 8%. Minuses: home values 24% higher than the state median; an average commute of 43 minutes.
What is the median age in Providence Village?
The median age in Providence Village is 32.9 years (Texas: 35.6).
How long is the commute in Providence Village?
The average commute to work in Providence Village is 43 minutes; 20.8% of workers work from home.
What is the unemployment rate in Providence Village?
The unemployment rate in Providence Village is 1.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Providence Village?
41.1% of adults in Providence Village 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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