Economy in Plano, TX

Plano, TX is a great city to live in. It is home to many well-known companies such as Frito-Lay, Pizza Hut, Dr. Pepper Snapple Group, and JC Penney. It has become an increasingly popular city due to its low crime rate and excellent school systems. Plano's two bedroom rental prices are higher than the US average at $1,930 but this is offset by lower grocery costs with an index of 103 versus 100 for the US. The cost of living in Plano is quite reasonable overall when compared to other cities in the area making it attractive for families looking to move here.

Plano has an unemployment rate of 5.5%. The US average is 6.0%.

Plano has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 44.6%, which is higher than the US average of 33.5%.

Tax Rates for Plano
- The Sales Tax Rate for Plano is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Plano is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Plano
- The average income of a Plano resident is $41,902 a year. The US average is $28,555 a year.
- The Median household income of a Plano resident is $99,729 a year. The US average is $69,021 a year.