salaryRent is lower than in 53% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $63,200 a year. That is $30 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 182 of 334 cities from cheapest to most expensive.
How much do households earn in Plano?
Share of households by yearly income. 26.2% of households earn $100,000 or more.
Rent by apartment size in Plano
| Size | Plano | U.S. average |
|---|---|---|
| 1 bedroom | $770 | $1,324 |
| 2 bedrooms | $1,416 | $1,509 |
| 3 bedrooms | $2,105 | $1,698 |
| 4 bedrooms | $2,314 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Plano overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Plano, so the Illinois figure is shown.
Taxes and bills in Plano
Life in Plano
Is it cheaper to rent or buy in Plano?
About the same. Renting and owning cost within $21 of each other each month.
Owning assumes a typical $230,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,070 for the down payment.
Frequently asked questions
What is the average rent in Plano, IL?
Renting in Plano costs a median of about $1,580 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Plano?
To keep rent under 30% of income, you need about $63,200 a year, or $30 an hour at a full-time job.
Is Plano cheap or expensive?
Plano is rated OK: rent takes 20.4% of the typical household income of $93,043. It ranks 182nd cheapest of 334 Illinois cities we track.
How much are property taxes in Plano?
The median homeowner in Plano pays $6,134 a year in property taxes, about 2.66% of the median home value.
Is Plano more expensive than the national average?
Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Plano?
The median home value in Plano is $230,700, about 2.5 times the typical yearly household income.
12,203 people live in Plano. Numbers are typical (middle) values.