Apartments for rent in Southlake, TX

The small city of Southlake, Texas is home to just over 30,000 residents. Families with children are a common sight, as kids aged 5-14 account for an above-average 26% of the population, while young professionals appear in smaller numbers. The majority of Southlake residents own their homes, and 8% of residents rent. Relatively high rent costs may play a role, as the average rent of $1,542/month is substantially higher than the state average of $1,029.

Southlake has an average commute time of about 30 minutes. Many residents (37%) drive to work, while public transit is not widely used. Relatively few commuters walk to work.

Many Southlake residents work in one of three industries: retail, finance, and healthcare. Combined, these industries account for 17% of the labor force in the city. Meanwhile, looking at job function, many residents work in management, making it the top field in the city. With an average annual income of just over $164K, the fifth-highest average income of any municipality in Texas, Southlake workers are generally well-compensated for their efforts. Southlake's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Southlake has a high number of residents over the age of 25 who have advanced degrees, as 13% possess a Master's or a Doctoral degree. Furthermore, 26% have a Bachelor's degree, which also outpaces the national average.