Allen, TX vs Plano, TX

Allen, TX and Plano, TX have a very similar cost of living, with only a 1.3% difference in their overall index. Allen scores 128 while Plano scores 126 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Allen is $1,877/month compared to $1,792/month in Plano — a 5% difference. Interestingly, home values tell a different story: while Plano has cheaper rent, Allen actually has lower median home values ($429,900 vs $440,600).

Median household income in Allen is $129,130 compared to $108,649 in Plano (+18.9%). While Allen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Allen spend roughly 17.4% of their income on rent, less than the 19.8% in Plano.