Cost of Living in Plano, TX
Plano has a cost of living index of 109 (100 = national average), making it more expensive than the national average. The median household income is $97,003 and the median home price is $480,000.
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Plano at a Glance
Population
289,057
Cost of Living Index
109
Median Income
$97,003
Median Home Price
$480,000
Property Tax Rate
1.75%
Sales Tax Rate
8.25%
Rent Index
115
State
Texas
Living in Plano
Plano has a cost of living slightly above the national average. While housing at $480,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Plano is 8.25%, and the effective property tax rate is 1.75%. Property taxes are above the national average, which is an important consideration for homebuyers.