Cost of Living: Plano, TX vs Elizabeth, NJ (2026)

Plano

Texas
132
VS

Elizabeth

New Jersey
112

Plano is 18% more expensive than Elizabeth.

$1,792/mo ↑ 22%
Median Rent
$1,463/mo ↓ 18%
$108,649/yr ↑ 70%
Median Income
$63,874/yr ↓ 41%
$440,600 ↑ 12%
Home Value
$393,500 ↓ 11%
$1,829/mo ↑ 19%
Owner Costs
$1,543/mo ↓ 16%
287,339
Population
135,887

Tax Comparison

0%
Income Tax
10.75%
6.25%
State Sales Tax
6.625%
1.6%
Property Tax
2.23%

Affordability

19.8%
rent-to-income
Affordability
27.5%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Elizabeth, NJ, the overall cost of living indices are 132 and 112 respectively (national median = 100). Rent is $329/month cheaper in Elizabeth, saving renters about $3,948/year.

Median household income is $44,775/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $393,500 in Elizabeth.

Texas has no state income tax, giving Plano residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Plano vs Elizabeth — common questions

Is Plano or Elizabeth cheaper to live in?
Based on our cost index, Elizabeth is cheaper to live in with an index of 112 compared to 132 (US average = 100).
What is the rent difference between Plano and Elizabeth?
Median rent in Plano is $1,792/month and in Elizabeth it's $1,463/month — a difference of $329/month.
Which city has higher income, Plano or Elizabeth?
Median household income is $108,649 in Plano and $63,874 in Elizabeth. Median household income is $44,775/year higher in Plano.
How do taxes compare between Texas and New Jersey?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax.
Should I move to Plano or Elizabeth?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/mo, while Elizabeth has a cost index of 112 with rent of $1,463/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Plano details → View Elizabeth details →

More Comparisons

Other cost of living comparisons for Plano and Elizabeth

Plano vs. Durham Plano vs. Chandler Plano vs. Anchorage Plano vs. Buffalo Plano vs. Jersey City Plano vs. Madison Elizabeth vs. Victorville Elizabeth vs. Stamford Elizabeth vs. Miramar Elizabeth vs. Kent Elizabeth vs. Pasadena Elizabeth vs. Midland