Plano is the Most Affluent City in America: Says US Census Bureau

A recent study and findings report released by the US Census Bureau entitled Income, Earnings and Poverty Data from the 2007 American Community Survey reports that Plano Texas is now the Most Affluent big city in America.  The criteria to be considered a large city is a population which is greater than 250,000, which hurdle Plano nominally clears.  The Report also indicates that Plano also has the lowest incidence of poverty of all large cities in the country.  I have embedded the full report below.  Given the well-known affluence of some coastal areas in this country, I found this rating for Plano to be particularly impressive. 

Read the full report and you’ll very quickly understand why the real estate in Plano has remained so desirable and stable, despite the economic downturn.  To further emphasize this point, the average number of days a home spends on the market for sale in Plano is 72 days, down from last year.  This bodes well for two neighborhoods in which Lexington Luxury Builders is building, Avignon Windhaven in West Plano and Lexington Park at Rice Field in Downtown Plano.  New homes at Lexington Park also come with $40,000 in price incentives for a limited time.