Collin County · Texas · South · 291k residents
Plano, TX: economy, jobs & business costs
The site-selection read on Plano: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,769/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Plano side by side
Avg. weekly wage
$1,769/wk
Corporate income tax
0%
Bachelor's degree or higher
60.5%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Plano's economy is moving, ranked against the US cities we track.
57/100
Steady
Ranks Plano's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $465,900 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $1,569/mo |
| 2-bedroom rent | $1,956/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,769/wk |
| Bachelor's degree or higher | 60.5% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 28.1/1k |
| Wage: Software developer | $133,290 |
| Wage: Registered nurse | $101,420 |
| Wage: General manager | $111,010 |
| Wage: Customer service | $44,990 |
| Wage: Warehouse worker | $37,590 |
| Wage: Heavy truck driver | $59,530 |
| Wage: Electrician | $59,010 |
| Wage: Retail salesperson | $33,400 |
| Cost of living index | 111 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $112,253 |
| Unemployment rate | 4% |
| Population | 291k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 42/100 |
| Disaster risk | 99/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 94°F |
| January low | 36°F |
| Annual snowfall | — |
| Home price YoY | -5.5% |
| Home price MoM | -0.7% |
| Rent YoY | -1.6% |
| Rent MoM | -0.4% |
| Employment (jobs) YoY | +3.0% |
| Building permits YoY | -60.8% |
| Ocean coast | 275 mi |
| Big lake | 59 mi |
| Mountains | 190 mi |
| Major airport | 16 mi |
| Ski resort | 509 mi |
Popular comparisons
Nearby
- Allen, TX · 110k
- Richardson, TX · 119k
- Murphy, TX · 21k
- Frisco, TX · 219k
- Addison, TX · 17k
Similar size
- Lubbock, TX · 265k
- Corpus Christi, TX · 317k
- Laredo, TX · 258k
- Irving, TX · 256k
- Garland, TX · 247k
Real listings in Plano
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Plano a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,769/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Plano, TX?
- Plano indexes at 111 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,956/mo and a acs median home value of $465,900.
- How much does a house cost in Plano?
- The acs median home value in Plano is $465,900 (Census ACS estimate; individual listings vary).
- How much is rent in Plano?
- A two-bedroom in Plano rents for about $1,956/mo.