USLivingCost Salaries · Rent · Cost of Living

Fort Worth, TX vs. Irving, TX

Median rent is $1,412 a month in Fort Worth, TX and $1,517 in Irving, TX. Household income is $76,602 against $79,641. Both cities are read from the same ACS 2019-2023 5-Year Estimates and the same BEA Regional Price Parities 2023, so the two columns below are directly comparable.

$
Same standard of living
A salary of $100,000 in Fort Worth, TX buys what $100,000 buys in Irving, TX
+$0 more to keep the same standard of living
Median gross rent Monthly
$1,412 $1,517 +7.4%
Median household income Annual
$76,602 $79,641 +4.0%
Median home value Owner-occupied
$277,300 $287,300 +3.6%
Rent as share of income Annual rent ÷ income
22.1% 22.9% 0.8 pp
Price level U.S. average = 100
97.2 97.2 0.0%
Salary needed for median rent Keeps rent at 30% of gross
$56,500 $60,700 +7.4%
Rent median income carries at 30% Affordable rent
$1,915 $1,991 +4.0%
Population City proper
941,311 255,036 -72.9%
Equivalent salary For $100,000 in Fort Worth
$100,000 $100,000 0.0%

A green or red badge means the second city is higher or lower, not better or worse: a lower rent is good for a tenant, a lower household income is not. For the price level and
the share of income the raw values are shown, because a percentage difference between two
percentages is easy to misread.

What the gap means

Lower rent
$1,412
Fort Worth, TX · 7.4% below Irving, TX
Higher household income
$79,641
Irving, TX · 4.0% above Fort Worth, TX
Same standard of living
$100,000
$100,000 in Fort Worth, TX needs $100,000 in Irving, TX
Price level gap
0.0 points
97.2 in TX against 97.2 in TX
Rent burden gap
0.7 points
Fort Worth, TX versus Irving, TX, share of income taken by rent
Highest buying power
102.9%
Fort Worth, TX · share of the national average income that a dollar there buys

Fort Worth, TX vs Irving, TX: frequently asked questions

Is Irving, TX more expensive than Fort Worth, TX?

Overall prices are almost identical: a regional price level of 97.2 in Irving, TX against 97.2 in Fort Worth, TX.

How much do I need to earn in Irving, TX to keep a $100,000 lifestyle from Fort Worth, TX?

About $100,000. Adjusting $100,000 by the BEA regional price levels of the two areas (97.2 in Fort Worth, TX, 97.2 in Irving, TX) gives the salary with the same purchasing power. Taxes and personal spending habits are not included.

Is rent cheaper in Fort Worth, TX or Irving, TX?

The median gross rent is $1,412 a month in Fort Worth, TX and $1,517 in Irving, TX, a difference of $105 a month or $1,260 a year.

Where are household incomes higher, Fort Worth, TX or Irving, TX?

The median household income is $76,602 in Fort Worth, TX and $79,641 in Irving, TX. Rent takes 22.1% of the median income in Fort Worth, TX and 22.9% in Irving, TX.

What salary do I need to afford the median rent in Irving, TX?

About $60,700 a year, the gross income that keeps the median rent of $1,517 a month at 30% of income. The same rule gives $56,500 in Fort Worth, TX.

More comparisons with Fort Worth, TX

More comparisons with Irving, TX

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Definitions used on this page

Salary needed for the median rent
Twelve months of median gross rent divided by 0.30: the income that keeps the median rent at 30% of gross pay.
Price level
BEA regional price parity for the metro area where one is published, otherwise for the state. The national average is 100.
Same standard of living
A salary in Fort Worth, TX converted into Irving, TX at the ratio of the two price levels. It adjusts for prices only, not for taxes or for what either city offers.
Buying power
One hundred divided by the price level: what a dollar buys locally relative to the national average.

Sources

Margins of error are published for every Census figure. Read the methodology before reading a small gap between two cities as a real difference.

Full detail for each city: Fort Worth, TX · Irving, TX