Homes for Rent in Plano, TX: What You Need to Know
Plano is part of the dynamic Dallas-Fort Worth metropolitan area in Texas. Its strategic importance to the area’s economy is best described by its moniker – City of Excellence.
A Wealth of Job Opportunities
Businesses, including a number of Fortune 1000 companies, are attracted to Plano for its business-friendly environment and a large pool of talent. The headquarters of big companies such as Frito-Lay, Ericsson (North American headquarters), UGS Corp., Siemens Digital Industries Software, and Pizza Hut are located in the city. Some corporations plan to expand their presence in Plano, including JPMorgan Chase, a banking and financial services giant, and USAA, an insurer and financial services firm. The expansions will accommodate 4,000 additional employees for JPMorgan Chase and 800 more employees for USAA.
Rich Local History
Comanche, Caddo, and Wichita Native Americans originally lived in the area. Colonists named the town Plano, meaning “flat” in Spanish. It was incorporated in 1873. Plano thrived as a farming colony and remained rural until the 1970s. By 1980, more people and companies moved to the area as Dallas grew rapidly. Plano’s proximity to Dallas was instrumental in its transformation from a rustic town to a bustling business center.
The Cost of Living in Plano
The cost of living in Plano is 1.7% higher than the national average, the same as Dallas, about 20 miles away. On the upside, food and housing costs are 3.2% and 12.3% lower than the national average, plus Texas doesn’t levy state income taxes. The sales tax rate ranges from 6.25% to 8.25%.
Know Your Neighborhoods
Plano is a midsize city with a population of 287,677. Median gross rent in Plano is $1,330 while the median rent for a two-bedroom apartment is $1,353. Plano is considered a suburb of Dallas, so living anywhere in the city should be a dream come true for suburbanites.
Allen and Frisco are both within commuting distance and known for their topnotch schools. Downtown Plano offers access to great shopping and dining and ample apartment choices in buildings such as Bel Air Downtown, Morada Plano, and Bel Air K Station.
Shopping in the City
The city is enjoying its reputation as a great shopping destination, thanks to a combination of name-brand stores and specialty boutiques. Head to Historic Downtown Plano for unique gifts and antiques. In need of retail therapy? Shops at the Legacy and Shops at Willow Bend ought to do it. The former is an upscale and spacious shopping mall, while the latter is a vibrant mall with over 100 stores.