Cost of Living in Plano, TX
Housing
The housing market plays a significant role in determining the cost of living in Plano, TX.
- Housing Index: 110.5 / 100
- Median Home Price is: $454000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1925 per month
When considering a move to Plano, TX, the housing market shows a housing index of 110.5, indicating slightly above average prices. With a median home price of 454000, it may be a costly investment compared to similar locations. Renters can expect to pay an average of 1800 for a 2-bedroom apartment or 1925 for a 2-bedroom house, which reflects the area's demand. Remember, housing expenses aren't just monetary; consider proximity to amenities and overall lifestyle. A thorough assessment of both rent and home ownership costs will be crucial for an informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Plano, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Plano, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Plano is a financially viable option for your relocation.