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

Plano

Texas
132
VS

Richardson

Texas
128

Plano is 3% more expensive than Richardson.

$1,792/mo ↓ 2%
Median Rent
$1,825/mo ↑ 2%
$108,649/yr ↑ 13%
Median Income
$96,257/yr ↓ 11%
$440,600 ↑ 9%
Home Value
$405,600 ↓ 8%
$1,829/mo ↑ 2%
Owner Costs
$1,796/mo ↓ 2%
287,339
Population
118,269

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
22.8%
rent-to-income

Detailed Comparison

When comparing Plano, TX and Richardson, TX, the overall cost of living indices are 132 and 128 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $12,392/year higher in Plano. Home values also differ significantly — the median in Plano is $440,600 compared to $405,600 in Richardson.

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

Frequently Asked Questions

Plano vs Richardson — common questions

Is Plano or Richardson cheaper to live in?
Based on our cost index, Richardson is cheaper to live in with an index of 128 compared to 132 (US average = 100).
What is the rent difference between Plano and Richardson?
Median rent in Plano is $1,792/month and in Richardson it's $1,825/month — a difference of $33/month.
Which city has higher income, Plano or Richardson?
Median household income is $108,649 in Plano and $96,257 in Richardson. Median household income is $12,392/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 Richardson?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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More Comparisons

Other cost of living comparisons for Plano and Richardson

Plano vs. Durham Plano vs. Chandler Plano vs. Anchorage Plano vs. Buffalo Plano vs. Jersey City Plano vs. Madison Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater