Southlake, TX
Population 31,044 · Texas
About Southlake, TX
Southlake is a mid-sized city located in Texas with a population of 31,044 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 42.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Southlake features a median home value of $957,500, which is 291% above the national median of $244,900. This places Southlake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,501, 201% above the national average of $1,163/month. Of the 9,782 total housing units, 96% are owner-occupied (8,937 units) and 4% are renter-occupied (417 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Southlake shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Southlake have an average one-way commute time of 25.5 minutes.
Education & Demographics
74.7% of Southlake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.0% White, 1.0% Hispanic or Latino, 0.3% Black or African American, and 4.7% Asian residents, with 16.3% of the population being foreign-born.
How Southlake Ranks in Texas
Cost of Living in Southlake, TX
Compared to national averages, Southlake has a median household income of $250,001 (233% above the national median of $75,149). Home values average $957,500, which is 291% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within Texas, Southlake's income is 244% above the state average of $72,726, and home values are 352% above the state median of $211,769.
Why Live in Southlake, TX?
Southlake offers a strong local economy with a median household income of $250,001, well above the national average, and a strong job market with an unemployment rate of just 3.0%, and a well-educated community where 74.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $957,500. However, Southlake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Southlake has a population of 31,044 with a median age of 42.6 years. Compare Southlake with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Southlake
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Seguin | 31,789 | $61,896 | $227,000 | Compare |
| West Odessa | 31,985 | $65,782 | $134,100 | Compare |
| Nacogdoches | 32,104 | $38,855 | $173,200 | Compare |
| Greenville | 29,936 | $63,574 | $197,400 | Compare |
| Hutto | 32,188 | $115,149 | $315,800 | Compare |
| Canyon Lake | 32,924 | $93,114 | $337,200 | Compare |
| Cleburne | 32,966 | $66,324 | $200,900 | Compare |
| Sachse | 29,075 | $130,839 | $366,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Southlake With Other Cities
Frequently Asked Questions about Southlake
What is the population of Southlake, TX?
The population of Southlake, TX is 31,044 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Southlake?
The median household income in Southlake, TX is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Southlake?
The median home value in Southlake, TX is $957,500, which is 291% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Southlake?
The median monthly rent in Southlake, TX is $3,501, which is 201% above the national average of $1,163/month.
What is the unemployment rate in Southlake?
The unemployment rate in Southlake, TX is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Southlake, TX a good place to live?
Southlake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 31,044 and a median age of 42.6, the city appeals to a broad range of residents.
How educated is Southlake, TX?
74.7% of residents in Southlake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Southlake?
Key cost-of-living indicators for Southlake, TX: median home value is $957,500 (291% above national), median rent is $3,501/month, and median household income is $250,001. The home-value-to-income ratio is 3.8x, a moderate figure by national standards.
What is the poverty rate in Southlake?
The poverty rate in Southlake, TX is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Southlake, TX?
Southlake's population is 4.0% White, 1.0% Hispanic or Latino, 0.3% Black or African American, 4.7% Asian, and 1.8% two or more races. 16.3% of residents are foreign-born.