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Dallas-Fort Worth-Arlington, TX

Cost of living in Plano, Texas

Collin County, TX

Part of the Dallas Metro Area

Estimated monthly cost
$3,765/mo
for a single person, all categories combined

Population 1,116,601 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $1,606 43%
Federal tax $841 22%
Healthcare $480 13%
Groceries $334 9%
Transport $250 7%
Energy $199 5%
Water $55 1%
State tax $0 0%

Rent in Plano

Fair Market Rents by bedroom count.

Studio
$1,531
per month
1 bedroom
$1,606
per month
2 bedroom
$1,884
per month
3 bedroom
$2,361
per month
4 bedroom
$3,033
per month

Source: HUD FMR FY2025

Income and earnings in Plano

Annual earnings figures from the Census ACS.

Household income
$117,588
per year
Individual earnings
$61,438
per year
Per capita
$55,057
per year

Source: ACS 2019-2023 5-Year.

Home values in Plano

Average values reported by homeowners.

Average home value
$447,600
Annual property tax
$7,432

Source: ACS 2019-2023 5-Year

Energy costs in Plano

Estimated monthly electricity and gas costs.

Electricity
$167
per month · 14.5¢/kWh
Natural gas
$32
per month
Annual total
$2,388
per year

Source: EIA

Healthcare in Plano

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
9.9%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Plano

State and local tax rates for Texas.

No state income tax
Texas does not levy a personal income tax.
State sales tax
6.3%
Combined sales tax
8.2%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Plano

Commute patterns and estimated costs.

Average commute
28.1 min
Drive alone
64.7%
Public transit
0.6%
Work from home
24.9%

Source: ACS

Monthly cost estimates for Plano

What it costs to live in Plano each month.

Single person
$3,765
per month
  • Rent $1,606
  • Energy $199
  • Water $55
  • Groceries $334
  • Transport $250
  • Healthcare $480
  • Federal tax $841
  • State tax $0
Couple
$5,550
per month
  • Rent $1,884
  • Energy $239
  • Water $65
  • Groceries $553
  • Transport $350
  • Healthcare $864
  • Federal tax $1,595
  • State tax $0
Family
$8,169
per month
  • Rent $2,361
  • Energy $298
  • Water $75
  • Groceries $840
  • Transport $450
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $1,595
  • State tax $0

Frequently asked questions about Plano

Common questions about cost of living, rent and salary.

What is the average rent in Plano?

In Plano, Texas, a one-bedroom apartment averages $1,606 per month, a two-bedroom averages $1,884 per month, a three-bedroom averages $2,361 per month, according to HUD Fair Market Rent data.

What is the average salary in Plano?

In Plano, Texas, the average household income is $117,588 per year and individual earnings for full-time workers average $61,438 per year, according to U.S. Census Bureau data.

What is the cost of living in Plano?

The estimated cost of living in Plano, Texas is approximately $3,765 per month for a single person, $5,550 for a couple, $8,169 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Plano?

The combined sales tax rate in Plano, Texas is 8.19%, which includes the Texas state rate of 6.25% plus an average local rate of 1.94%.

Is Plano an affordable place to live?

Based on the data, a single person in Plano, Texas would need approximately $3,765 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $117,588 per year ($9,799 per month). Plano is relatively affordable compared to the national average.

How much does healthcare cost in Plano?

The ACA marketplace benchmark premium in Plano, Texas is approximately $480 per month for an individual. Approximately 9.9% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Plano?

The average home value in Plano, Texas is $447,600, with average annual property taxes of $7,432, according to U.S. Census Bureau data.

How does Plano compare to other areas?

You can compare Plano, Texas with any other US county using our comparison tool at /compare. Plano is in the Dallas-Fort Worth-Arlington, TX metro area.

Other counties in Texas

Browse the full list of counties in Texas, ranked by cost of living.

See all counties in Texas

Compare Plano with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources