Cost of Living in Southlake, Texas
Southlake has a population of about 31,137. The median household income is $250,001, median gross rent is $3,501/month, and the median home value is $1,014,500. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Southlake expensive to live in?
Compared with the national median in this dataset, rent in Southlake is 112% above the national median and home values are 171% above the national median. Household income here is 198% above the national median. Monthly rent represents roughly 17% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Southlake?
The median gross rent in Southlake, Texas is $3,501 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Southlake?
The median owner-occupied home value in Southlake is $1,014,500 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Southlake?
The median household income in Southlake is $250,001 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.