Plano appears relatively affordable when comparing median gross rent ($1,841/month) to median household income ($112,253/year), as rent represents roughly 19.7% of gross monthly income — below the 30% affordability threshold. However, median home values at $465,900 suggest homeownership may be less accessible relative to income, though no direct income-to-home-value ratio is provided in the source pack.
Plano at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $37,092. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 290,594 |
| 2024 ACS median household income | $112,253 |
| 2024 ACS median gross rent | $1,841 |
| 2024 ACS median owner-occupied home value | $465,900 |
| Derived one-way commute estimate | 27 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 20% |
The trade-off
Relative strength: Rent-to-income ratio suggests rental affordability.. Watch closely: home values may strain affordability despite favorable rental metrics..
Compare Plano
Frequently asked questions
Is rent in Plano affordable compared to local income?
Median gross rent of $1,841 per month is about 19.7% of the median monthly household income ($9,354), which falls below the 30% benchmark often used to assess rental affordability.
How does Plano’s median home value compare to income?
The median owner-occupied home value is $465,900, but the source pack does not provide a direct income-to-home-value ratio or mortgage cost estimate, so affordability for buyers cannot be determined from the given data alone.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.