COLD

Cost of Living in Plano, IL

Population 11,626 · Illinois · Data vintage 2023

92
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Plano stay well under national norms: a median home value of $221,000 against median household incomes of $83,102 gives the city one of the more comfortable price-to-income ratios in Illinois.

Located 14 miles west of Aurora, Plano falls within that metro's commuting orbit. Median home values run roughly 15% lower than Aurora's $260,000.

Cost Overview

Housing 72
Rent 121

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Plano

The median home value in Plano is $221,100 — 28% below the national median of $305,000. Median rent runs $1,590/month, 21% higher than the national median of $1,314/month. The median household income of $83,102/year is 11% higher than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Plano has a cost of living index of 92 versus the US average of 100, meaning it is 8% less expensive.

🏠 Housing

Median Home Value
$221,100
28% below avg
Zillow Home Value
$300,599
Zillow ZHVI
Median Rent
$1,590/mo
21% above avg
Zillow Rent
$2,250/mo
Zillow ZORI
Price-to-Rent Ratio
11.6x
Favors buying
Property Tax Rate
2.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$651
1 BR
$741
2 BR
$899
3 BR
$1,196
4 BR
$1,364
Owner-occupied 73.5%
Renter-occupied 26.5%

💰 Estimated Monthly Budget

Rent median rent
$1,590
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,204/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
34.8 min
29% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.8%

Commute Mode

Drove alone
83.3%
Carpooled
10.4%
Public transit
1.3%
Work from home
4.8%

⚡ Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 5.0%
Total Sales Tax 8.7%
State rate 6.3%
Avg local rate 2.5%
Property Tax 2.2%

💼 Income & Employment

Median Household Income
$83,102
11% above avg
Per Capita Income
$33,805
Unemployment Rate
4.8%
0% below avg
Poverty Rate
8.2%
Labor Force Participation
77.5%

🎓 Education

Bachelor's degree+ 21.9%
Graduate degree 5.7%

👥 Demographics

Median Age 33.1
Male median age 33.8
Female median age 32

Frequently Asked Questions

What is the cost of living in Plano, IL?

Plano has a cost index of 92 (100 = national average). It is 8% below the national average.

What is average rent in Plano, IL?

The median gross rent in Plano is $1,590 per month based on 2023 Census data.

What is the average home price in Plano?

The median home value in Plano is $221,100 according to Zillow and Census data.

What is the median income in Plano?

The median household income in Plano is $83,102 per year (2023 ACS 5-year estimates).

What is the sales tax in Plano, IL?

The combined state and local sales tax rate in Plano is 8.7%. The Illinois state income tax top rate is 5.0%.

Is Plano, IL affordable?

Plano is near the national average in terms of cost of living, with an index of 92 (100 = US average).

Plano at a Glance

Population
11,626
Median Income
$83,102
Home Value
$221,100
Median Rent
$1,590/mo
Unemployment
4.8%
Sales Tax
8.7%
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