What Salary Do You Need to Live in Plano, TX?

To live comfortably in Plano, a household needs to earn roughly $80,000/year. That's about $6,667/month before taxes.

The Number: $80,000/year

At $80,000 per year, a household in Plano can afford median-priced rental housing at roughly 28% of gross income.

This is based on Plano's median monthly rent of $1,904 and the 28% housing guideline. Source: Census ACS 2024.

Plano at a Glance

Median rent$1,904/mo
Median home price$541,700
Median household income$115,901
State income taxNone
Sales tax8.25%

Sources: Census ACS 2024, Tax Foundation.

For Single Residents

A single person can live comfortably in Plano on roughly $50,000/year. That's about $4,167/month before taxes.

See the full Plano cost of living profile →

Compare Plano to another city →

Try the Salary Calculator

Note: Salary estimates are based on the 28% housing guideline applied to median rents from Census ACS 2024. Individual circumstances vary. Full disclaimer.

Salary Questions About Plano

The median monthly rent is $1,904. Using the 30% guideline, you need about $76,000/year to afford this comfortably.

The median home price is $541,700. With a 20% down payment, you would need roughly $108,340 saved and a household income to support the mortgage payments.

The median household income is $115,901/year. Our recommended salary of $80,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.