Chicago, IL vs Plano, TX
Cost of living comparison · 2023 Census ACS data
Quick Summary
Plano is the more expensive housing market by roughly 28%; Plano earns more at the median (31% higher), partly offsetting the cost difference. Whether that math works depends on what fraction of housing cost a relocating household plans to absorb. Plano also has no state income tax, while the other state tops out at 5.0% — a meaningful annual difference at higher income levels.
Median Home Value
$315,200 ✓
$440,600
Zillow Home Value
$312,456
$501,563
Median Gross Rent
$1,380/mo ✓
$1,792/mo
Owner Occupied %
45.5%
56.6%
Price-to-Rent Ratio
19.0x
20.5x
Median Household Income
$75,134
$108,649 ✓
Per Capita Income
$48,148
$57,753
Unemployment Rate
7.9%
4.1% ✓
Poverty Rate
16.8%
7.1%
Avg Commute (min)
36.7 min
27.7 min
Drove Alone %
46.0%
63.6%
Public Transit %
19.3%
0.8%
Work From Home %
18.3%
25.3%
State Income Tax
5.0%
None
Total Sales Tax
8.7%
8.2% ✓
Property Tax Rate
2.2%
1.7%
Bachelor's Degree %
24.9%
35.1%
Median Age
35.7
39.3
Avg High Temp
60.3°F
75.9°F
Annual Precipitation
34.4"
38.3"
Chicago, IL 2 wins
- ✓Median Home Value
- ✓Median Gross Rent
Plano, TX 3 wins
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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