Cost of Living: Plano, TX vs Allen, TX (2026)

Plano

Texas
132
VS

Allen

Texas
137

Plano is 4% cheaper than Allen.

$1,792/mo ↓ 5%
Median Rent
$1,877/mo ↑ 5%
$108,649/yr ↓ 16%
Median Income
$129,130/yr ↑ 19%
$440,600 ↑ 2%
Home Value
$429,900 ↓ 2%
$1,829/mo ↓ 12%
Owner Costs
$2,083/mo ↑ 14%
287,339
Population
107,684

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

19.8%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Allen, TX, the overall cost of living indices are 132 and 137 respectively (national median = 100). Rent is $85/month cheaper in Plano, saving renters about $1,020/year.

Median household income is $20,481/year higher in Allen. Home values also differ significantly — the median in Plano is $440,600 compared to $429,900 in Allen.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Plano vs Allen — common questions

Is Plano or Allen cheaper to live in?
Based on our cost index, Plano is cheaper to live in with an index of 132 compared to 137 (US average = 100).
What is the rent difference between Plano and Allen?
Median rent in Plano is $1,792/month and in Allen it's $1,877/month — a difference of $85/month.
Which city has higher income, Plano or Allen?
Median household income is $108,649 in Plano and $129,130 in Allen. Median household income is $20,481/year higher in Allen.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Plano or Allen?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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