Cost of living in Plano
Plano, Texas, is a vibrant city known for its excellent quality of life and thriving economy. Understanding the cost of living in Plano is crucial for anyone considering moving to or living in this dynamic city.
This guide provides a detailed breakdown of the various expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $10 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $40 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10, with a range between $8 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $5 to $12, cappuccino $2.5 to $7, and Coke/Pepsi $1.75 to $4.
Grocery Prices
- Milk - Milk is priced between $0.68 and $1.12 per liter, averaging $0.94.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.19 and $4.95, with an average price of $3.38.
- Eggs (Dozen) - A dozen eggs range from $1.5 to $4.99, averaging $3.12.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.54 to $8.82 per kg, while oranges range from $1.65 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $6.61 per kg, and lettuce costs $0.59 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $4 and $6, with a monthly pass priced at $150.
- Fuel (Gasoline) - Gasoline is priced between $0.67 and $0.99 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $1.74 to $3.73 per km and $24 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1324 to $2000, averaging $1581.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1200 to $1800, averaging $1500.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $2400 to $4000, averaging $2931.25.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2100 to $3100, averaging $2775.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $137.24 and $400, averaging $255.16.
- Internet - Internet services range from $50 to $100, with an average cost of $67.5.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Plano offers a relatively affordable cost of living compared to other major cities in the United States, with moderate housing and dining costs.
Transportation and utilities are reasonably priced, making it easier for residents to manage their monthly expenses.
For those looking to save, consider living outside the city centre where housing is more affordable.
Conclusion
In conclusion, Plano, TX, provides a balanced cost of living with reasonable expenses across various categories.
Whether you're dining out, shopping for groceries, or paying for housing, Plano offers a cost-effective lifestyle without compromising on quality.
This makes it an attractive option for families, professionals, and retirees alike.