Plano, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 114, with 100 being the average.

  • The cost of living index in Plano is 1.1x higher than the national average.

  • Plano ranks as the #373 cheapest in Texas out of 405.

  • Plano ranks as the #4,427 cheapest out of 6,412 in the US.

  • The median home value in Plano is $358,100.

  • The median income in Plano is $99,729.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
114
Plano's Overall Cost Of Living
1.1x
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 114, which is 1.1x higher than the national index of 100.

Compared to Texas, Plano has a cost of living index that's 1.2x higher than Texas's index of 92.

The standard of living in Plano ranks as #373 most affordable out of the 405 places we measured in Texas. By definition, that implies Plano ranks as the #32 most expensive place in the Lone Star State.

For more reading on life in Plano, check out:

373 out of 405
In Texas
4,427 out of 6,412
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 114.

  • The Groceries index in Plano is 97.

  • The Health index in Plano is 77.

  • The Housing index in Plano is 133.

  • The Transportation index in Plano is 101.

  • The Utilities index in Plano is 108.

Living Expense Plano Texas National Average
Overall 114 92 100
Services 114 96 100
Groceries 97 93 100
Health 77 93 100
Housing 133 84 100
Transportation 101 92 100
Utilities 108 104 100
For more reading on cost of living around Texas, check out:
Plano Cost of Living Vs. TX

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 2017-2021. The key points are:

  • The Median Home Value in Plano is $358,100.

  • The Median Rent in Plano is $1,541.

  • The Median Income in Plano is $99,729.

  • The Home Value To Income in Plano is 3.6x.

  • The Rent To Monthly Income in Plano is 0.19x.

Statistic Plano Texas United States
Median Home Value $358,100 $202,600 $244,900
Median Rent $1,541 $1,146 $1,163
Median Income $99,729 $67,321 $69,021
Home Value To Income 3.6x 3.0x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x
Search Homes For Sale In Plano, TX
$358,100
Median Home Value
$1,541
Median Rent
$99,729
Median Income

Plano, TX Costs By Category

Detailed Plano Services Costs Vs. Texas

Item Plano Texas
Shampoo $1.4 $1.06
Movie $11.58 $10.68
Bowling $21.11 $14.67
Haircut $17.97 $18.62
Beauty Salon $52.92 $39.05

Detailed Plano Groceries Costs Vs. Texas

Item Plano Texas
Ground Beef $4.07 $4.22
Fried Chicken $1.33 $1.39
Milk $1.98 $2.05
Potatoes $2.72 $3.29
Pizza $12.8 $10.62
Beer $9.91 $9.38
Toothpaste $2.33 $2.34

Detailed Plano Health Costs Vs. Texas

Item Plano Texas
Optometrist $125.0 $108.57
Doctor $68.0 $116.17
Dentist $75.75 $99.13

Detailed Plano Transportation Costs Vs. Texas

Item Plano Texas
Gasoline $2.12 $2.22
Tire Balancing $52.86 $50.07

Detailed Plano Utilities Costs Vs. Texas

Item Plano Texas
All Electricity $194.23 $167.67
Phone $185.48 $175.64

Plano SnackAbility

8.5
/10
Overall SnackAbility
Jobs
8.5/10
Housing
9
Affordability
7
Diversity
10
Safety
7
Amenities
9.5
Education
9
Commute
6

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 120, 1.1x Plano.

  • McKinney, TX has a cost of living index of 112, 1.0x Plano.

  • Carrollton, TX has a cost of living index of 105, 0.9x Plano.

City Population Cost Of Living Vs. Plano
Frisco, TX 193,140 120 1.1x
McKinney, TX 189,394 112 1.0x
Carrollton, TX 131,388 105 0.9x
Richardson, TX 115,904 110 1.0x
Allen, TX 102,778 110 1.0x
The Colony, TX 43,489 102 0.9x
Coppell, TX 42,420 121 1.1x
University Park, TX 25,029 214 1.9x
Corinth, TX 22,216 107 0.9x
Murphy, TX 20,655 127 1.1x

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