Is Highland Park Expensive?

Dallas, United States

+40% vs Dallas avg

Living in Highland Park, Dallas

Highland Park is the most expensive area in Dallas, with a cost of living index of 87.5 — that is +40% compared to the Dallas average. Only the top 1 of 30 neighborhoods cost more. Estimated rent for a one-bedroom apartment here is around $2,170/month, compared to a range of $1,162 in Denton to $2,170 in Highland Park.

Monthly Budget Breakdown

For a typical resident of Highland Park, housing takes up roughly 55% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $86,800 before tax.

Typical Salaries in Highland Park

Salaries in Highland Park reflect the local cost of living. Based on the neighborhood COLI of 87.5:

After tax and deductions of 22.1% in United States, take-home pay for someone earning $86,800 would be roughly $67,617/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

87.5
COLI Index
1.40x
vs City Avg
$2,170
Est. 1BR Rent
#1
of 30 Areas
22.1%
Total Deductions

Tax & Deductions in Highland Park

Estimated annual deductions on a $65,625 salary in Highland Park, Dallas (local employee).

Income Tax
14%
Social Security + Medicare (FICA)
7.6%
Total Deductions: 22.1%
Est. Take-Home: $51,114/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Highland Park would need to be elsewhere:

City Currency Equivalent
New York USD $65,625
London GBP £56,476
Dubai AED AED 328,373

Other Neighborhoods in Dallas

Neighborhood COLI Multiplier vs Avg
University Park 84.4 1.35x +35%
Turtle Creek 82.5 1.32x +32%
Uptown 80.0 1.28x +28%
Preston Hollow 78.1 1.25x +25%
Downtown 75.0 1.20x +20%

View all 30 neighborhoods in Dallas →

Convert Your Salary

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Compare Highland Park

Highland Park vs Addison Highland Park vs Turtle Creek Highland Park vs University Park Highland Park vs Denton

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Highland Park:

Pearl District, Portland Hyde Park, Tampa Society Hill, Philadelphia Saadiyat Island, Abu Dhabi Belle Meade, Nashville Toorak, Melbourne

Frequently Asked Questions

Is Highland Park expensive in Dallas?

Yes, Highland Park is one of the more expensive neighborhoods in Dallas. It costs about +40% more than the city average, ranking #1 out of 30 neighborhoods.

How does Highland Park compare to the Dallas average?

The cost of living in Highland Park is significantly above the Dallas average. With a multiplier of 1.40x, everyday expenses including rent, food, and transportation are +40% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.