Cost of Living: New York, NY vs Plano, TX (2026)

New York

New York
166
VS

Plano

Texas
132

New York is 26% more expensive than Plano.

$1,779/mo ≈ Same
Median Rent
$1,792/mo ≈ Same
$79,713/yr ↓ 27%
Median Income
$108,649/yr ↑ 36%
$751,700 ↑ 71%
Home Value
$440,600 ↓ 41%
$1,837/mo ≈ Same
Owner Costs
$1,829/mo ≈ Same
8,516,202
Population
287,339

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
19.8%
rent-to-income

Detailed Comparison

When comparing New York, NY and Plano, TX, the overall cost of living indices are 166 and 132 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $28,936/year higher in Plano. Home values also differ significantly — the median in New York is $751,700 compared to $440,600 in Plano.

Texas has no state income tax, giving Plano residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Plano — common questions

Is New York or Plano cheaper to live in?
Based on our cost index, Plano is cheaper to live in with an index of 132 compared to 166 (US average = 100).
What is the rent difference between New York and Plano?
Median rent in New York is $1,779/month and in Plano it's $1,792/month — a difference of $13/month.
Which city has higher income, New York or Plano?
Median household income is $79,713 in New York and $108,649 in Plano. Median household income is $28,936/year higher in Plano.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or Plano?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/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.
View New York details → View Plano details →

More Comparisons

Other cost of living comparisons for New York and Plano

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