Cost of Living in Grand Prairie, TX
Population: 198,564 • 2026 Data
$78,889
Median Household Income
+2% vs national
$1,470
Median Monthly Rent
+9% vs national
$272,200
Median Home Value
-20% vs national
5.1%
Unemployment Rate
Housing in Grand Prairie
The median home value in Grand Prairie, TX is $272,200. Monthly rent for a typical unit averages $1,470, while total monthly housing costs (including utilities and insurance) average $1,480.
Rent-to-income ratio: 22.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Grand Prairie, TX is $78,889. The unemployment rate stands at 5.1%, with a labor force of 104,365 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.