New York, NY vs Plano, TX
Cost of living comparison · 2023 Census ACS data
Quick Summary
New York is materially more expensive on housing — $752,000 for a typical home compared with $441,000 in Plano, a gap of roughly 41%. Plano also has no state income tax, while the other state tops out at 10.9% — a meaningful annual difference at higher income levels.
Median Home Value
$751,700
$440,600 ✓
Zillow Home Value
$812,534
$501,563
Median Gross Rent
$1,779/mo ✓
$1,792/mo
Owner Occupied %
32.8%
56.6%
Price-to-Rent Ratio
35.2x
20.5x
Median Household Income
$79,713
$108,649 ✓
Per Capita Income
$50,776
$57,753
Unemployment Rate
7.7%
4.1% ✓
Poverty Rate
17.4%
7.1%
Avg Commute (min)
44.8 min
27.7 min
Drove Alone %
21.9%
63.6%
Public Transit %
45.5%
0.8%
Work From Home %
15.0%
25.3%
State Income Tax
10.9%
None
Total Sales Tax
8.5%
8.2% ✓
Property Tax Rate
1.7%
1.7%
Bachelor's Degree %
23.6%
35.1%
Median Age
38
39.3
Avg High Temp
62.6°F
75.9°F
Annual Precipitation
49.5"
38.3"
Annual Snowfall
29.8"
—
New York, NY 1 wins
- ✓Median Gross Rent
Plano, TX 4 wins
- ✓Median Home Value
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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