Cost of living in Plano research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Plano is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Plano is 92, with 100 being the average.
The cost of living index in Plano is 0.9x lower than the national average.
Plano ranks as the #107 cheapest in Illinois out of 338.
Plano ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Plano is $173,300.
The median income in Plano is $82,883.
According to the most recent data on the cost of living, Plano has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Illinois, Plano has a cost of living index that's 1.0x lower than Illinois's index of 92.
The standard of living in Plano ranks as #107 most affordable out of the 338 places we measured in Illinois. By definition, that implies Plano ranks as the #231 most expensive place in the Prairie State.
For more reading on life in Plano, check out:
Six factors go into calculating the cost of living index in Plano. Here is how it fairs on each of the criteria:
The Services index in Plano is 95.
The Groceries index in Plano is 97.
The Health index in Plano is 110.
The Housing index in Plano is 76.
The Transportation index in Plano is 111.
The Utilities index in Plano is 87.
|Living Expense||Plano||Illinois||National Average|
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Plano is $173,300.
The Median Rent in Plano is $1,517.
The Median Income in Plano is $82,883.
The Home Value To Income in Plano is 2.1x.
The Rent To Monthly Income in Plano is 0.22x.
|Median Home Value||$173,300||$212,600||$244,900|
|Home Value To Income||2.1x||2.9x||3.5x|
|Rent To Monthly Income||0.22x||0.18x||0.2x|
The cost of living varies in the cities and towns around Plano. Here's a quick look at the cost of living in the most populous nearby places:
Naperville, IL has a cost of living index of 125, 1.4x Plano.
Plainfield, IL has a cost of living index of 115, 1.2x Plano.
Oswego, IL has a cost of living index of 109, 1.2x Plano.
|City||Population||Cost Of Living||Vs. Plano|
|Boulder Hill, IL||9,675||98||1.1x|
|Sugar Grove, IL||9,266||108||1.2x|