Discretionary Income in Plano, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Plano, TX is ranked 145th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Plano, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,989
Discretionary Income
$3,156
With a gross annual salary of $100,000 in Plano, TX, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Plano is $3,989, you would have around $3,156 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Plano, TX, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Plano, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Plano, TX |
|---|---|
| $30,000 | -$1,632 |
| $40,000 | -$899 |
| $50,000 | -$165 |
| $60,000 | $556 |
| $70,000 | $1,206 |
| $80,000 | $1,856 |
| $90,000 | $2,506 |
| $100,000 | $3,156 |
| $110,000 | $3,805 |
| $120,000 | $4,438 |
| $130,000 | $5,071 |
| $140,000 | $5,705 |
| $150,000 | $6,338 |
| $175,000 | $7,921 |
| $200,000 | $9,478 |
| $250,000 | $12,299 |
| $300,000 | $15,007 |
| $350,000 | $17,715 |
| $400,000 | $20,424 |
| $450,000 | $23,132 |
| $500,000 | $25,840 |
Discretionary Income in Plano, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Plano, TX is ranked 113th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Plano, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,661
Discretionary Income
$4,484
With a gross annual salary of $100,000 in Plano, TX, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Plano is $2,661, singles would have around $4,484 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Plano, TX, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Plano, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Plano, TX |
|---|---|
| $30,000 | -$304 |
| $40,000 | $429 |
| $50,000 | $1,162 |
| $60,000 | $1,884 |
| $70,000 | $2,534 |
| $80,000 | $3,184 |
| $90,000 | $3,834 |
| $100,000 | $4,484 |
| $110,000 | $5,132 |
| $120,000 | $5,766 |
| $130,000 | $6,399 |
| $140,000 | $7,032 |
| $150,000 | $7,666 |
| $175,000 | $9,249 |
| $200,000 | $10,805 |
| $250,000 | $13,627 |
| $300,000 | $16,335 |
| $350,000 | $19,043 |
| $400,000 | $21,752 |
| $450,000 | $24,460 |
| $500,000 | $27,168 |
Discretionary Income in Plano, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Plano, TX is ranked 143rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Plano, TX
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,972
Discretionary Income
$3,173
With a gross annual salary of $100,000 in Plano, TX, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Plano is $3,972, couples would have around $3,173 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Plano, TX, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Plano, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Plano, TX |
|---|---|
| $30,000 | -$1,615 |
| $40,000 | -$882 |
| $50,000 | -$149 |
| $60,000 | $573 |
| $70,000 | $1,223 |
| $80,000 | $1,873 |
| $90,000 | $2,523 |
| $100,000 | $3,173 |
| $110,000 | $3,822 |
| $120,000 | $4,455 |
| $130,000 | $5,088 |
| $140,000 | $5,722 |
| $150,000 | $6,355 |
| $175,000 | $7,938 |
| $200,000 | $9,495 |
| $250,000 | $12,316 |
| $300,000 | $15,024 |
| $350,000 | $17,732 |
| $400,000 | $20,375 |
| $450,000 | $23,000 |
| $500,000 | $25,625 |
Discretionary Income in Plano, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Plano, TX is ranked 150th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Plano, TX
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,922
Discretionary Income
$3,485
With a gross annual salary of $100,000 in Plano, TX, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Plano is $3,922, single parents would have around $3,485 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Plano, TX, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Plano, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Plano, TX |
|---|---|
| $30,000 | -$1,498 |
| $40,000 | -$754 |
| $50,000 | -$21 |
| $60,000 | $713 |
| $70,000 | $1,446 |
| $80,000 | $2,179 |
| $90,000 | $2,835 |
| $100,000 | $3,485 |
| $110,000 | $4,135 |
| $120,000 | $4,778 |
| $130,000 | $5,412 |
| $140,000 | $6,045 |
| $150,000 | $6,678 |
| $175,000 | $8,262 |
| $200,000 | $9,845 |
| $250,000 | $12,698 |
| $300,000 | $15,411 |
| $350,000 | $18,119 |
| $400,000 | $20,828 |
| $450,000 | $23,536 |
| $500,000 | $26,244 |
Discretionary Income in Plano, TX in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Plano, TX is ranked 154th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Plano, TX
Gross Salary
$8,333
Taxes
$686
Cost of Living
$5,401
Discretionary Income
$2,246
With a gross annual salary of $100,000 in Plano, TX, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Plano is $5,401, families would have around $2,246 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Plano, TX, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Plano, TX in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Plano, TX |
|---|---|
| $30,000 | -$2,920 |
| $40,000 | -$2,170 |
| $50,000 | -$1,421 |
| $60,000 | -$687 |
| $70,000 | $46 |
| $80,000 | $779 |
| $90,000 | $1,513 |
| $100,000 | $2,246 |
| $110,000 | $2,979 |
| $120,000 | $3,689 |
| $130,000 | $4,339 |
| $140,000 | $4,989 |
| $150,000 | $5,639 |
| $175,000 | $7,264 |
| $200,000 | $8,889 |
| $250,000 | $12,086 |
| $300,000 | $15,253 |
| $350,000 | $18,420 |
| $400,000 | $21,532 |
| $450,000 | $24,366 |
| $500,000 | $27,175 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.