A Call to Plano TX, a Great Place to Live!
Calling Plano Texas Home
Plano means “flat” or “plane” happens to be a Texas city that is nothing but beautiful with an abundance of opportunity. Located approximately 20 miles North of downtown Dallas, it is a part of the metropolitan area of Dallas-Fort Worth that offers a number of economy opportunities include a large number of fortune 500 companies and headquarters. Furthermore, it was 2011 when Plano was recognized as the nation’s safest city by Forbes Magazine. With so much to its name, it is worth taking a trip down discussing how living in Plano may be for you.
Plano at the moment has a population of around 286,143 people with median home value standing at $415,000. It was ranked as the 17th best city in Texas and the 21st best city in the USA. It has also achieved one or two important awards such as the best city in the USA and the best city for housing in America as well. Recently, WalletHub ranked Plano the happiest city in America for 2019 when compared against 180 of the largest US cities.
Cost of Living in Plano
Plano compared to other cities in Texas happens to be comparatively expensive. In fact, it is also more expensive than a lot of cities across the entire country. The cost of living in Plano, TX is 109.3 overall (Cost of living index BestPlaces) which happens to be 15.4% higher than the average of Texas and 9.3% higher as compared to the entire nation. The cost of groceries is 9.3% and health in Plano, TX is 1% higher than Texas average and 3% higher (grocery) and 3.6% lower (Health) than the entire country.
Plano Crime Rate
Since Plano has already earned the recognition of being the safest city in 2011, it continues to maintain that title even today. Plano’s crime rate Best Places is 33% lower than the crime rate existing in Texas on average and 57.2% lower than the nations average. The violent crime rate of Plano is 66% lower than the average of Texas and 64% lower than the average of the nation. Talking about the crimes related to property, Plano’s crime rate is 28% lower than the average of Texas and 22 % lower than the average of the nation.
In order to understand the employment prospects of or in Plano, it is important that we consider key indicators that will help us define the job market of Plano.
The per capita income and the median household income in that respect are useful. Plano’s per capita income is $43, 579, which stands to be 57% higher than the average of Texas and 46% higher than the average of the nation. On the other hand, the median household income is $93,012, which stands 52% higher than the average of Texas and 33.4% higher than the average of the nation, at the time of this writing.
The unemployment rate in Plano stands at 3.2% which is 27.7% lower than the national average. Furthermore, Plano’s poverty rate is 7% which is 51% lower than the average of the nation.
Plano Homes for Sale
Generally, Plano’s homes for sale can be expensive and less affordable when compared to other Texas cities. The median home price in Plano stands at $415,000 (current property listings) which is 50% higher than the average of Texas. In addition to that, the median rental price existing in Plano, TX is $1,196. This happens to be 31% higher than the rental price prevailing on average in Texas.
Plano, TX offers various types of real estates for sale. These include affordable condos, luxurious homes and urban townhomes in Plano, TX.
Plano Home Affordability
When searching for Plano homes for sale or any other type of real estate in any city or state, the affordability happens to be an important consideration. With that being said, the ratio of the price of the house to the median household income is a reliable method to determine affordability of homes. The median house price in Plano stands at $415,000 while the household income stands at $93,012. Therefore, the difference is such that the ratio of house price to median household income is 4.4 times greater.
Plano School Districts
There are a total 68 public schools in Plano amongst with 33 private and 2-post secondary schools. Using the proficiency score average, Plano’s average test score comes out to be 83%. The teacher to student ratio on average is 14:1 alongside 93.4% of the students completing 8th grade and on average 92% graduate high school.
When it comes to the amenities that are offered in Plano, TX such as grocery stores, coffee shops, parks, restaurants, libraries etc. It has received a higher score and rating for its local amenities. If you are someone who has been planning to make this place your home, it is nice to know that you will be offered a number of amenities and opportunities such as taking a stroll at night, adventuring at Oak Point Park or strolling on the Boardwalk. You can also head down to the Angelika Film Center, Prestonwood Baptist Church and the Historic Downtown Plano.
Plano’s climate is categorized as humid subtropical climate while experiencing summers that are both hot and humid and winters that are cool and mild. During the hottest parts of July and August, the temperatures can reach three digits. Furthermore, Since the city is located in North Texas, it often experiences and is susceptible to thunderstorms during the Spring and Fall.
Life and Culture
Plano’s location at a center point0d of one of the largest metropolitan areas in Texas that enables it to offer everyone an equal share of entertainment and amenities. The Plano Balloon Festival and the Plano International Festival are an annual events that continue to attract tourists from all over the country.
Plano offers a number of shopping destinations with the newest development at Legacy West that offers an open-air location that hosts a number of unique luxury shops and restaurants. Legacy Hall located in the Legacy West is one of the nations largest food halls offering 55,000 sqft that includes 22 artisan micro restaurants, live music and the Box Garden entertainment venue.
NTREIS data last updated July 6, 2020.