Chicago, IL vs Plano, TX: 100 vs 132

$1,380/mo ↓ 23%

Median Rent

$1,792/mo ↑ 30%

$75,134/yr ↓ 31%

Median Income

$108,649/yr ↑ 45%

$315,200 ↓ 28%

Home Value

$440,600 ↑ 40%

$1,502/mo ↓ 18%

Owner Costs

$1,829/mo ↑ 22%

2,707,648

Population

287,339

Detailed Comparison

When comparing Chicago, IL and Plano, TX, the overall cost of living indices are 100 and 132 respectively (national median = 100). Rent is $412/month cheaper in Chicago, saving renters about $4,944/year.

Median household income is $33,515/year higher in Plano. Home values also differ significantly — the median in Chicago is $315,200 compared to $440,600 in Plano.

Texas has no state income tax, giving Plano residents a significant tax advantage over Illinois's 4.95% rate.

Frequently Asked Questions

Chicago vs Plano — common questions

Is Chicago or Plano cheaper to live in?

Based on our cost index, Chicago is cheaper to live in with an index of 100 compared to 132 (US average = 100).

What is the rent difference between Chicago and Plano?

Median rent in Chicago is $1,380/month and in Plano it's $1,792/month — a difference of $412/month.

Which city has higher income, Chicago or Plano?

Median household income is $75,134 in Chicago and $108,649 in Plano. Median household income is $33,515/year higher in Plano.

How do taxes compare between Illinois and Texas?

Illinois has 4.95% income tax, 6.25% sales tax, and 2.07% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Chicago or Plano?

It depends on your priorities. Chicago has a cost index of 100 with median rent of $1,380/mo, while Plano has a cost index of 132 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Chicago, IL vs Plano, TX (2026)

Chicago

Plano

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons