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

Plano

Texas
132
VS

Midland

Texas
99

Plano is 33% more expensive than Midland.

$1,792/mo ↑ 27%
Median Rent
$1,407/mo ↓ 21%
$108,649/yr ↑ 19%
Median Income
$91,169/yr ↓ 16%
$440,600 ↑ 48%
Home Value
$298,600 ↓ 32%
$1,829/mo ↑ 25%
Owner Costs
$1,468/mo ↓ 20%
287,339
Population
133,998

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
18.5%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Midland, TX, the overall cost of living indices are 132 and 99 respectively (national median = 100). Rent is $385/month cheaper in Midland, saving renters about $4,620/year.

Median household income is $17,480/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $298,600 in Midland.

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

Frequently Asked Questions

Plano vs Midland — common questions

Is Plano or Midland cheaper to live in?
Based on our cost index, Midland is cheaper to live in with an index of 99 compared to 132 (US average = 100).
What is the rent difference between Plano and Midland?
Median rent in Plano is $1,792/month and in Midland it's $1,407/month — a difference of $385/month.
Which city has higher income, Plano or Midland?
Median household income is $108,649 in Plano and $91,169 in Midland. Median household income is $17,480/year higher in Plano.
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 Midland?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/mo, while Midland has a cost index of 99 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Plano details → View Midland details →

More Comparisons

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