Cost of Living: Tampa, FL vs Plano, TX (2026)

Tampa

Florida
113
VS

Plano

Texas
132

Tampa is 14% cheaper than Plano.

$1,567/mo ↓ 13%
Median Rent
$1,792/mo ↑ 14%
$71,302/yr ↓ 34%
Median Income
$108,649/yr ↑ 52%
$375,300 ↓ 15%
Home Value
$440,600 ↑ 17%
$1,553/mo ↓ 15%
Owner Costs
$1,829/mo ↑ 18%
393,389
Population
287,339

Tax Comparison

0%
Income Tax
0%
6.0%
State Sales Tax
6.25%
0.86%
Property Tax
1.6%

Affordability

26.4%
rent-to-income
Affordability
19.8%
rent-to-income

Detailed Comparison

When comparing Tampa, FL and Plano, TX, the overall cost of living indices are 113 and 132 respectively (national median = 100). Rent is $225/month cheaper in Tampa, saving renters about $2,700/year.

Median household income is $37,347/year higher in Plano. Home values also differ significantly — the median in Tampa is $375,300 compared to $440,600 in Plano.

Frequently Asked Questions

Tampa vs Plano — common questions

Is Tampa or Plano cheaper to live in?
Based on our cost index, Tampa is cheaper to live in with an index of 113 compared to 132 (US average = 100).
What is the rent difference between Tampa and Plano?
Median rent in Tampa is $1,567/month and in Plano it's $1,792/month — a difference of $225/month.
Which city has higher income, Tampa or Plano?
Median household income is $71,302 in Tampa and $108,649 in Plano. Median household income is $37,347/year higher in Plano.
How do taxes compare between Florida and Texas?
Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Tampa or Plano?
It depends on your priorities. Tampa has a cost index of 113 with median rent of $1,567/mo, while Plano has a cost index of 132 with rent of $1,792/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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