Living in Plano, Texas
Cost of living, income, home prices, rent and demographics of Plano · Census data 2020–2024
Plano has 290,594 residents with a median age of 39.6. The median household income is $112,253 (43% higher than the Texas median), the median home value is $465,900, the median rent is $1,841/month.
Plano at a glance
- Population
- 290,594
- Median age
- 39.6State: 35.6
- Median household income
- $112,253State: $78,476
- Median home value
- $465,900State: $283,800
- Median rent
- $1,841/moState: $1,403
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 60.5%
- Average commute
- 25 min
Is Plano a good place to live?
Pros: Median household income 43% higher than the Texas median; an average commute of 25 minutes; unemployment of 4%; a poverty rate of 6.8%.
Cons: Home values 64% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Plano
Housing is the biggest part of the cost of living. In Plano the median home value is $465,900, 40% higher than the U.S. median. Renters pay a median of $1,841 per month, which is 27.6% of household income. Homeowners with a mortgage pay $2,723 a month in housing costs.
Plano median household income
The median household income in Plano is $112,253 and the income per person is $59,916. 6.8% of residents live below the poverty line (Texas: 13.8%).
Housing in Plano: homes for sale and rent
- Housing units
- 117,686
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1993
- Average household size
- 2.57
Plano demographics
- Population
- 290,594
- Median age
- 39.6
- Under 18
- 20.9%
- 65 and older
- 14.7%
- Households
- 112,438
- Foreign-born
- 29.3%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Plano ›
Education in Plano
60.5% of adults 25 and older in Plano have a bachelor's degree or higher (Texas: 33.8%), and 24.9% have a graduate or professional degree.
Jobs and commute in Plano
- Unemployment rate
- 4%State: 5.3%
- Average commute
- 25 minState: 27 min
- Work from home
- 27.5%
- Drive alone
- 61.5%
- Public transit
- 0.7%
- Walk to work
- 1.8%
- Homes with broadband
- 96.6%
Plano vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Plano | 290,594 | $112,253 | $465,900 | $1,841 |
| Allen | 110,265 | $130,901 | $464,100 | $1,932 |
| Richardson | 118,731 | $98,111 | $431,400 | $1,857 |
| Parker | 5,999 | $229,080 | $859,600 | — |
| Addison | 17,290 | $73,854 | $482,000 | $1,784 |
| Hebron | 253 | $218,424 | $478,600 | $1,225 |
| Frisco | 219,304 | $150,212 | $642,100 | $2,014 |
| Murphy | 21,188 | $175,699 | $555,500 | $2,847 |
| The Colony | 45,454 | $114,511 | $383,900 | $1,958 |
More for people moving to Plano
Plano ZIP code ›Weather and climate ›Living in Plano: FAQ
What is the median household income in Plano, TX?
The median household income in Plano is $112,253, 43% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Plano?
The median home value in Plano is $465,900, compared with $283,800 in Texas.
How much is rent in Plano?
The median gross rent in Plano is $1,841 per month, about 27.6% of household income.
Is Plano, TX a good place to live?
Pluses: median household income 43% higher than the Texas median; an average commute of 25 minutes; unemployment of 4%; a poverty rate of 6.8%. Minuses: home values 64% higher than the state median.
What is the median age in Plano?
The median age in Plano is 39.6 years (Texas: 35.6).
How long is the commute in Plano?
The average commute to work in Plano is 25 minutes; 27.5% of workers work from home.
What is the unemployment rate in Plano?
The unemployment rate in Plano is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Plano?
60.5% of adults in Plano have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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