Living in Southlake, Texas
Cost of living, income, home prices, rent and demographics of Southlake · Census data 2020–2024
Southlake has 31,137 residents with a median age of 43.1. The median household income is $250,001 (219% higher than the Texas median), the median home value is $1,014,500, the median rent is $3,501/month.
Southlake at a glance
- Population
- 31,137
- Median age
- 43.1State: 35.6
- Median household income
- $250,001State: $78,476
- Median home value
- $1,014,500State: $283,800
- Median rent
- $3,501/moState: $1,403
- Homeowners
- 94.6%
- Bachelor's degree or higher
- 74.6%
- Average commute
- 26 min
Is Southlake a good place to live?
Pros: Median household income 219% higher than the Texas median; an average commute of 26 minutes; unemployment of 2.7%; a poverty rate of 1.5%.
Cons: Home values 257% higher than the state median.
The weather is best in March to May and October.
Cost of living in Southlake
Housing is the biggest part of the cost of living. In Southlake the median home value is $1,014,500, 205% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 27.7% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Southlake median household income
The median household income in Southlake is $250,001 and the income per person is $116,135. 1.5% of residents live below the poverty line (Texas: 13.8%).
Housing in Southlake: homes for sale and rent
- Housing units
- 9,612
- Owner-occupied
- 94.6%
- Renter-occupied
- 5.4%
- Vacant
- 4%Includes seasonal homes
- Median year built
- 1997
- Average household size
- 3.36
Southlake demographics
- Population
- 31,137
- Median age
- 43.1
- Under 18
- 31.3%
- 65 and older
- 14.3%
- Households
- 9,229
- Foreign-born
- 16.1%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Southlake ›
Education in Southlake
74.6% of adults 25 and older in Southlake have a bachelor's degree or higher (Texas: 33.8%), and 34.9% have a graduate or professional degree.
Jobs and commute in Southlake
- Unemployment rate
- 2.7%State: 5.3%
- Average commute
- 26 minState: 27 min
- Work from home
- 29.2%
- Drive alone
- 63.7%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 99%
Southlake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Southlake | 31,137 | $250,001 | $1,014,500 | $3,501 |
| Trophy Club | 13,733 | $201,054 | $675,100 | $1,992 |
| Westlake | 1,670 | $250,001 | $2,000,001 | $3,501 |
| Colleyville | 26,012 | $218,328 | $784,900 | $3,263 |
| Grapevine | 51,139 | $111,376 | $493,100 | $1,863 |
| Keller | 45,976 | $174,950 | $594,300 | $2,144 |
| Flower Mound | 78,389 | $161,235 | $560,200 | $2,231 |
| Roanoke | 10,286 | $97,295 | $466,900 | $1,783 |
| Bedford | 49,085 | $83,971 | $350,700 | $1,502 |
More for people moving to Southlake
Southlake ZIP code ›Weather and climate ›Living in Southlake: FAQ
What is the median household income in Southlake, TX?
The median household income in Southlake is $250,001, 219% 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 Southlake?
The median home value in Southlake is $1,014,500, compared with $283,800 in Texas.
How much is rent in Southlake?
The median gross rent in Southlake is $3,501 per month, about 27.7% of household income.
Is Southlake, TX a good place to live?
Pluses: median household income 219% higher than the Texas median; an average commute of 26 minutes; unemployment of 2.7%; a poverty rate of 1.5%. Minuses: home values 257% higher than the state median.
What is the median age in Southlake?
The median age in Southlake is 43.1 years (Texas: 35.6).
How long is the commute in Southlake?
The average commute to work in Southlake is 26 minutes; 29.2% of workers work from home.
What is the unemployment rate in Southlake?
The unemployment rate in Southlake is 2.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Southlake?
74.6% of adults in Southlake 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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