Plano cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index11291100
Goods & Services index11095100
Groceries index9790100
Health care index7897100
Housing index13283100
Transportation index9794100
Utilities index109102100
The above illustration supplies generalized information for the Plano, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Plano, TX is 112, which is 23% higher than the Texas average and 12% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Plano, TX are 16% higher than the average for Texas and 10% higher than the rest of the country.
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Did you know?

  • The cost of living in Plano is 23% higher than the Texas average.
  • The cost of living in Plano is 12% higher than the national average.
  • The cost of housing in Plano is 32% higher than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

Compare Plano, TX Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Plano, TX to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Plano, TX, you have to earn a higher income in order to still have the same standard of living. To operate the Plano, TX salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Plano, TX, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Plano, TX has a median income of about $111,693 for people who own homes. Based on that number, a person should spend a maximum of $2,606 on expenses related to housing. Renters have a slightly different median income, which is $55,699. Based on this average, renters should spend no more than $1,300 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Plano, TX, it's important to take into account the sales tax for Texas, as well as the rate for income tax in Texas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Texas is 8.25%, and the sales tax in the state of Texas is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Texas starts from 0% and goes up to 0%.

Goods & Services

ItemPlanoNational avg.Difference
Haircut $19.00$17.498.6%
Beauty Salon $55.30$38.1744.9%
Toothpaste $2.00$2.3213.8%
Shampoo $1.12$1.0110.7%
Movie $11.50$10.727.2%
Bowling $21.67$13.8656.3%


ItemPlanoNational avg.Difference
Ground Beef $4.36$3.9011.8%
Fried Chicken $1.59$1.4013.9%
Milk $1.79$1.968.8%
Potatoes $3.14$3.181.4%
Pizza $10.84$10.394.3%
Beer $9.86$9.236.8%

Health Care

ItemPlanoNational avg.Difference
Optometrist $125.00$106.3417.6%
Doctor $64.00$115.2544.5%
Dentist $87.00$98.3811.6%
Ibuprofen $8.65$9.266.6%
Lipitor $310.02$466.4733.5%


ItemPlanoNational avg.Difference
Home Price $248,800.00$184,700.0034.7%
Avg. Mortgage Payment $1,658.91$1,273.3230.3%
Apartment Rent $1,196.00$949.0026.0%


ItemPlanoNational avg.Difference
Gasoline $2.47$2.594.6%
Tire Balancing $49.70$48.901.6%


ItemPlanoNational avg.Difference
All Electricity$192.55$167.6014.9%
Phone $182.64$163.4211.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Horseshoe Bend, TX74880-20%
St. Paul CDP, TX59476-24%
Bristol, TX37284-16%
Garland, TX234,81096-4%
Princeton, TX8,27889-11%
Plano, TX279,08811212%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Newark, NJ280,13911212%
Henderson, NV277,8721066%
Toledo, OH280,85485-15%
Greensboro, NC282,17793-7%
Lincoln, NE273,01893-7%
Plano, TX279,08811212%
Source: The Plano, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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