Welcome to Plano, Texas, a city that’s as diverse as it is dynamic. In this blog post, we’ll dive into some key statistics and facts that paint a picture of this vibrant city North of Dallas.
As of July 2022, Plano’s population stands at 289,547, a 1.4% increase from the 2020 estimate of 285,469. This growth reflects the city’s appeal as a place to live, work, and play. The population is fairly balanced in terms of age, with 22.5% under 18 years, 13.2% aged 65 and over, and a near-even split between males and females (50.4% female).
Plano is a melting pot of cultures, with a diverse racial and ethnic composition. The city’s population is 58.7% White, 8.6% Black or African American, 22.3% Asian, and 15.8% Hispanic or Latino. This diversity is also reflected in the fact that 28.6% of the population is foreign-born, and 36.9% of residents speak a language other than English at home.
There are over 106,022 households in Plano, with an average of 2.66 persons per household. The owner-occupied housing unit rate is 57.6%, and the median value of these units is $358,100. The median gross rent stands at $1,541.
Plano residents place a high value on education, with 93.3% of persons aged 25 and over being high school graduates, and 58.1% holding a bachelor’s degree or higher. The city is also well-connected, with 98.6% of households having a computer and 95.9% having a broadband internet subscription.
The city’s economy is robust, with a civilian labor force participation rate of 69.4%. The median household income is $99,729, and the per capita income over the past 12 months is $51,624.
Plano is home to 8,572 employer firms, including 4,759 men-owned and 1,868 women-owned firms. The city also boasts 2,157 minority-owned and 407 veteran-owned firms.
Plano covers a land area of 71.69 square miles, with a population density of 3,982.5 persons per square mile as of 2020.
In 2021, the estimated median household income in Plano was $95,002, significantly higher than the Texas average of $66,963. The estimated per capita income in Plano in 2021 was $49,792.
The estimated median house or condo value in Plano in 2021 was $387,200, again higher than the Texas average of $237,400. The median gross rent in Plano in 2021 was $1,592.
The cost of living index in Plano in March 2022 was 96.2, near the average U.S. index of 100.
About 8.8% of Plano residents were living in poverty in 2021.
Plano boasts a vibrant urban environment, with its entire population residing within city limits. The city’s population density is notably high, reflecting its status as a bustling and dynamic urban center as one of Dallas’s biggest suburbs.
The city has a diverse racial composition, with significant populations of White, Black, Asian, and Hispanic or Latino residents.
With a median age of 38.3 years, residents of Plano tend to be slightly older compared to the broader Texas population, where the median age is 35.5 years. This suggests a mature and established community, slightly deviating from the state’s overall younger demographic profile.
The city has a significant number of residents who are highly educated, with many holding bachelor’s, master’s, or doctorate degrees.