The 10 Best Plano Suburbs To Live In For 2024

The 10 Best Plano Suburbs To Live For 2024

Southlake is always mentioned as one of the best suburbs in the Plano area. We’ll tell you the good about “Awesome Southlake.”

Everyone here is rich; families average $250,001 a year, which is the highest in the Plano region. And only 2.52% are out of work. Homes average more than $1,122,373 each.

University Park is the second best ‘burb we looked at near Plano for 2024.

It ranks 1st for incomes in the area and only 2.51% of residents lack insurance, good for 6th best.

Here in Highland Park, it’s really safe, and residents are just about as rich as you’ll see in the Plano metro area.

The bad side? Schools are more crowded, and the cost of living puts a large part of the city out of reach for most families.

But price is based on demand and a lot of people want to live in Highland Park.

Coppell ranks as the 4th best suburb of Plano for 2024.

You won’t find many better places to raise your kids in the region than in Coppell and the schools are some of the best around.

Coming in as the fifth best is Highland.

Highland gets kudos for having the 7th most expensive homes in the Plano area, where houses sell for an average of $877,307. However, the cost of living here is among the highest in the area.

Lucas is proud of its 6th place finish on this list. And here’s why.

Most residents have great jobs and the unemployment rate sits at 3.04%.

According to online reports, Lucas is quickly becoming one of the more affluent suburbs in the Plano area, meaning you need to get in soon.

The 7th best suburb on our list goes to Colleyville.

Colleyville schools are some of the best in the region, and crime is really low. The cost of living makes it a lot more desirable for many families, especially first-time home buyers.

And, it’s only 25.7 miles to downtown, which is a good thing.

Keller is growing quickly, and for a good reason. Crime is far below average, and most residents are gainfully employed. Even the cost of living is reasonable.

A solid 4.37% of people lack insurance, good for 14th in the area.

Is ‘Everything Better In Trophy Club?’

Almost.

It placed 9th on our list thanks to the fact that it’s really expensive to live here, but the schools are great, so you get what you pay for in that regard.

And rounding out the top ten for 2024 is Double Oak.

This city is far above average in every category, and the best part? It’s far more affordable than the other cities listed above. So, you get a big bang for your buck here.

Methodology: How We Determined The Best Suburbs Around Plano for 2024

Figuring out the best suburbs around Plano was simple. We used Saturday Night Science to find things people like about living in the suburbs and then locate the suburbs with those things.

We analyzed the newest American Community Survey data for 2018-2022 to research each suburb. We decided upon the following criteria:

• Low unemployment rate
• High median household incomes
• Population density (lots of things to do)
• High home values
• A lot of college-educated people
• Low poverty
• High rate of insured families

We defined a suburb as being within 30 miles of Plano.

Additionally, we limited the analysis to places that have over 2,000 people. This left us with a grand total of 72 suburbs to evaluate around Plano.

We ranked each place with scores from 1 to 72 in each category, where 1 was the “best.

Next, we averaged the rankings for each place to create a quality-of-life index.

Finally, we crowned the city with the best quality of life index, the “Best Suburb near Plano.” We’re lookin’ at you, Southlake.

This result may differ from our state-wide data as we did not include commute times and crime for this analysis to allow for a more extensive selection of suburbs.

We updated the data for 2024. This report is our tenth time ranking the best Plano suburbs. Skip to the end to see the list of all the suburbs ranked from best to worst.