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

Plano

Texas
132
VS

Paterson

New Jersey
106

Plano is 25% more expensive than Paterson.

$1,792/mo ↑ 23%
Median Rent
$1,457/mo ↓ 19%
$108,649/yr ↑ 102%
Median Income
$53,766/yr ↓ 51%
$440,600 ↑ 31%
Home Value
$335,400 ↓ 24%
$1,829/mo ↑ 18%
Owner Costs
$1,553/mo ↓ 15%
287,339
Population
157,660

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
32.5%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Paterson, NJ, the overall cost of living indices are 132 and 106 respectively (national median = 100). Rent is $335/month cheaper in Paterson, saving renters about $4,020/year.

Median household income is $54,883/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $335,400 in Paterson.

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 Paterson — common questions

Is Plano or Paterson cheaper to live in?
Based on our cost index, Paterson is cheaper to live in with an index of 106 compared to 132 (US average = 100).
What is the rent difference between Plano and Paterson?
Median rent in Plano is $1,792/month and in Paterson it's $1,457/month — a difference of $335/month.
Which city has higher income, Plano or Paterson?
Median household income is $108,649 in Plano and $53,766 in Paterson. Median household income is $54,883/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 Paterson?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/mo, while Paterson has a cost index of 106 with rent of $1,457/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Plano details → View Paterson details →

More Comparisons

Other cost of living comparisons for Plano and Paterson

Plano vs. Durham Plano vs. Chandler Plano vs. Anchorage Plano vs. Buffalo Plano vs. Jersey City Plano vs. Madison Paterson vs. Corona Paterson vs. Murfreesboro Paterson vs. Hayward Paterson vs. Alexandria Paterson vs. Salinas Paterson vs. Macon