Plano, TX Cost Of Living
Cost Of Living In Plano, TX Summary
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 Texas, 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 129, with 100 being the average.
The cost of living index in Plano is 1.3x higher than the national average.
Plano ranks as the #380 cheapest in Texas out of 414.
Plano ranks as the #4,942 cheapest out of 6,489 in the US.
The median home value in Plano is $498,576.
The median income in Plano is $108,649.
Table Of Contents
Plano's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Plano, TX?
According to the most recent data on the cost of living, Plano has an overall cost of living index of 129, which is 1.3x higher than the national index of 100.
Compared to Texas, Plano has a cost of living index that's 1.4x higher than Texas's index of 92.
The standard of living in Plano ranks as #380 most affordable out of the 414 places we measured in Texas. By definition, that implies Plano ranks as the #34 most expensive place in the Lone Star State.
For more reading on life in Plano, check out:
In Texas
In America
Plano Cost Of Living Vs. Texas
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 121.
The Groceries index in Plano is 97.
The Health index in Plano is 108.
The Housing index in Plano is 177.
The Transportation index in Plano is 96.
The Utilities index in Plano is 116.
| Living Expense | Plano | Texas | National Average | |
|---|---|---|---|---|
| Overall | 129 | 92 | 100 | |
| Services | 121 | 97 | 100 | |
| Groceries | 97 | 97 | 100 | |
| Health | 108 | 93 | 100 | |
| Housing | 177 | 82 | 100 | |
| Transportation | 96 | 94 | 100 | |
| Utilities | 116 | 104 | 100 | |
Plano, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Plano is $498,576.
The Median Rent in Plano is $1,792.
The Median Income in Plano is $108,649.
The Home Value To Income in Plano is 4.6x.
The Rent To Monthly Income in Plano is 0.2x.
Median Home Value
Median Rent
Median Income
Plano, TX Costs By Category
Detailed Plano Services Costs Vs. Texas
Detailed Plano Groceries Costs Vs. Texas
Detailed Plano Health Costs Vs. Texas
Detailed Plano Transportation Costs Vs. Texas
Detailed Plano Utilities Costs Vs. Texas
Plano SnackAbility
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Cost Of Living In Cities Around Plano
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:
Frisco, TX has a cost of living index of 139, 1.1x Plano.
McKinney, TX has a cost of living index of 130, 1.0x Plano.
Carrollton, TX has a cost of living index of 120, 0.9x Plano.
| City | Population | Cost Of Living | Vs. Plano |
|---|---|---|---|
| Frisco, TX | 210,238 | 139 | 1.1x |
| McKinney, TX | 202,314 | 130 | 1.0x |
| Carrollton, TX | 132,741 | 120 | 0.9x |
| Richardson, TX | 118,269 | 123 | 1.0x |
| Allen, TX | 107,684 | 129 | 1.0x |
| The Colony, TX | 44,916 | 120 | 0.9x |
| Coppell, TX | 42,029 | 135 | 1.0x |
| University Park, TX | 25,104 | 248 | 1.9x |
| Corinth, TX | 22,868 | 124 | 1.0x |
| Murphy, TX | 21,001 | 143 | 1.1x |
