Plano vs Minneapolis
Cost of Living (2026)

Plano is 1% less expensive than Minneapolis. Plus, Texas has no state income tax vs Minnesota's 6.8%.

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At a glance

Plano, TX

COL index105 ✓
State income taxNone ✓
Avg 1BR rent$1,500/mo
Median home price$430K
VS

Minneapolis, MN

COL index106
State income tax6.8%
Avg 1BR rent$1,450/mo ✓
Median home price$355K ✓

Cost breakdown by category

CategoryPlano indexMinneapolis indexDifference
Housing137 ✓138+1%
Groceries100 ✓101+1%
Transportation100 ✓101+1%
Healthcare102 ✓103+1%
Utilities100 ✓101+1%

Source: C2ER Cost of Living Index 2026. Index = 100 is US average. ✓ indicates lower cost.

Salary equivalency: Plano → Minneapolis

What salary in Minneapolis gives you the same purchasing power as your Plano salary?

Salary in PlanoEquivalent in MinneapolisDifference
$60,000$67,000+$7,000
$80,000$89,000+$9,000
$100,000$112,000+$12,000
$130,000$145,000+$15,000
$150,000$168,000+$18,000
$200,000$224,000+$24,000

Plano vs Minneapolis: Full Cost of Living Comparison (2026)

When comparing the cost of living between Plano, TX and Minneapolis, MN, Plano comes out significantly more affordable with a COL index of 105 versus 106 for Minneapolis — a difference of approximately 1%.

State income tax impact

Texas has no state income tax, giving Plano workers an immediate 6.8% take-home pay advantage over Minneapolis workers who pay Minnesota's 6.8% state income tax.

Housing costs

The median home price in Plano is $430,000, compared to $355,000 in Minneapolis. Average 1-bedroom rent is $1,500/month in Plano versus $1,450/month in Minneapolis.

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