Plano, Texas (zip code 75074) is an affluent suburb of Dallas that offers a small-town feel with all the amenities of a major metropolitan area. Home to a number of successful businesses such as Frito-Lay, JC Penney, Toyota Motors USA, and Ericsson, Plano is considered one of the most sought-after cities in Texas for employment opportunities. In addition to great career prospects, Plano also boasts an affordable cost of living compared to similar cities in the US. The 2 bedroom rent in Plano is $1,790 which is $360 more than the US average 2 bedroom rent of $1,430. The Grocery Cost Index in Plano is 100 which is identical to the national average. This means that residents in Plano pay the same amount for groceries as people living in other parts of the country. The Rent Index calculated for Plano based on these figures is 114 compared to 100 for the national average.
Plano (zip 75074) has an unemployment rate of 5.5%. The US average is 6.0%.
Plano (zip 75074) has seen the job market decrease by -3.5% 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 (zip 75074)
- The Sales Tax Rate for Plano (zip 75074) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Plano (zip 75074) 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 (zip 75074)
- The average income of a Plano (zip 75074) resident is $33,754 a year. The US average is $37,638 a year.
- The Median household income of a Plano (zip 75074) resident is $73,291 a year. The US average is $69,021 a year.