Quick answer
Richmond costs $55/month less overall ($1,810 vs $1,865/mo). But Plano's None state income tax erases some of that gap — on an $80K salary, the tax difference is $4,600/year.
City Comparison · 2026
Plano vs Richmond
Side-by-side on rent, home prices, taxes, walkability, jobs, and climate — with a straight verdict for each type of mover.
Last updated: April 23, 2026
Plano vs Richmond at a Glance
| Metric | Plano | Richmond |
|---|---|---|
| 1BR Monthly Rent | $1,400 | $1,680 ✓ |
| 2BR Monthly Rent | $1,750 | $1,680 ✓ |
| Median Home Price | $475K | $330K ✓ |
| Avg Utilities/mo | $155 | $145 ✓ |
| Avg Groceries/mo | $310 ✓ | $345 |
| Monthly Cost (1BR) | $1,865 | $1,810 ✓ |
| Walk Score | 58/100 ✓ | 51/100 |
| Transit Score | 28/100 | 37/100 ✓ |
| State Income Tax | None ✓ | 5.75% |
Monthly cost = 1BR rent + utilities + groceries for one person. ✓ marks the lower/better value.
Cost of Living: What the Numbers Actually Mean
Rent gap: Richmond's 1BR averages $1,320/month vs $1,400 in Plano — a $80/month difference, or $960/year. That's close enough that neighborhood choice within each city matters more than the city-level average.
State tax: Plano charges None state income tax vs 5.75% in Richmond. On an $80K salary that's a $4,600/year difference. On $120K, the gap grows to $6,900 vs $0 — important context if you're choosing between tech job offers.
Home buying: Median homes in Richmond are $330K vs $475K in Plano. At a 20% down payment, that's a $29,000 difference in upfront cash — significant at early-career savings rates.
Utilities: Plano utilities run $10 more per month than Richmond. Factor this into your all-in monthly budget.
Walkability, Transit & Daily Life
Plano, TX
Plano is partially walkable in denser neighborhoods but car-dependent in most areas.
TOP NEIGHBORHOODS
Richmond, VA
Richmond is partially walkable in denser neighborhoods but car-dependent in most areas.
TOP NEIGHBORHOODS
Climate
Plano
Hot, humid subtropical. Summers (June-September) reach 95-98°F with 60-70% humidity. Winters are mild (50-65°F). Occasional ice storms; severe thunderstorms and tornado risk May-June.
Richmond
Four seasons; hot humid summers, mild winters with occasional snow, pleasant spring and fall
Job Market
Plano top industries
Richmond top industries
Who Should Pick Which City
Move to Plano if…
- →You're a Tech workers
- →You're a Corporate professionals
- →You're a Families seeking suburbs
- →You're a People avoiding state income tax
- →You want zero state income tax
Move to Richmond if…
- →You're a finance workers
- →You're a outdoor enthusiasts
- →You're a craft beer lovers
- →You're a DC-adjacent remote workers
- →You're buying a home and want more for your money
Frequently Asked Questions
Is Plano or Richmond cheaper to live in?
Richmond is cheaper overall. Monthly costs (1BR rent + utilities + groceries) run $1,810 in Richmond vs $1,865 in Plano — a $55/month difference.
Which city is more walkable — Plano or Richmond?
Plano is more walkable with a Walk Score of 58/100 vs 51/100. Richmond is more car-dependent.
Plano vs Richmond: which has lower state income tax?
Plano has lower state income tax (None). On an $80K salary, that saves $4,600/year vs Richmond (5.75%).
Is Plano or Richmond better for buying a home?
Richmond has lower median home prices at $330K vs $475K in Plano — a $145,000 difference on the median home.