Median rent is 1% lower in New York ($1,779/mo vs $1,792/mo). Buying is cheaper in Plano, where the median home runs $440,600 versus $751,700. Households earn more in Plano ($108,649 vs $79,713 a year).
City A
New York, NY
City B
Plano, TX
How much would you need to earn in Plano, TX to maintain your standard of living from New York, NY?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
New York
New York
Plano
Texas
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rents are similar in both cities: $1,779/mo in New York and $1,792/mo in Plano. Home buyers face a steeper market in New York: the median home is $751,700 versus $440,600 in Plano — 41% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Texas has no state income tax, while New York tops out at 10.90% — giving Plano a clear advantage for high earners. Sales tax is 4.00% in New York and 6.25% in Texas; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Plano
Income tax: None
Sales tax: 6.25%
Plano has cleaner air on average: 44.0 AQI (Good) compared to 61.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Plano if you prioritize higher median household income ($108,649/yr).
Pick Plano if you prioritize cleaner air quality (avg AQI 44.0).
Pick Plano if you prioritize no state income tax.
Is New York cheaper than Plano?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Plano?
Median rent is $1,779/mo in New York, NY and $1,792/mo in Plano, TX. New York, NY has the lower rent by about 1%.
Which has higher salaries — New York or Plano?
Median household income is $79,713 in New York, NY and $108,649 in Plano, TX. Plano, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Plano, TX has better air quality on average: 44.0 AQI versus 61.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — New York or Plano?
Texas has no state income tax. New York has a top rate of 10.90%.
What salary do I need in Plano to match my New York income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology