McKinney, TX Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
102
McKinney's Overall Cost Of Living
1.0x
Higher Than The National Average
335 out of 403
In Texas
3,422 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means McKinney is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in McKinney, TX?

According to the most recent data on the cost of living, McKinney has an overall cost of living index of 102 which is 1.0x higher than the national index of 100.

Compared to only Texas, McKinney has a cost of living index that's 1.1x higher than Texas's index of 91.

The standard of living in McKinney ranks as #3,423 most affordable out of the 6,522 places we measured in Texas. By definition, that implies McKinney ranks as the #2,983 most expensive place in the Lone Star State.

For more reading on life in McKinney, check out:

McKinney Cost Of Living Vs. Texas

Living Expense McKinney Texas National Average
Overall 102 91 100
Services 83 95 100
Groceries 91 90 100
Health 104 97 100
Housing 124 83 100
Transportation 96 94 100
Utilities 117 102 100
For more reading on cost of living around Texas, check out:
McKinney Cost of Living Vs. TX

McKinney, TX Housing Cost Breakdown

Housing swings affordability the most between places in Texas, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$309,200
Median Home Value
$1,394
Median Rent
$93,354
Median Income
Statistic McKinney Texas United States
Median Home Value $309,200 $172,500 $217,500
Median Rent $1,394 $1,045 $1,062
Median Income $93,354 $61,874 $62,843
Home Value To Income 3.3x 2.8x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x

Detailed McKinney Services Costs Vs. Texas

Item McKinney Texas
Shampoo $0.93 $1.01
Movie $10.45 $10.72
Bowling $15.25 $13.86

Detailed McKinney Groceries Costs Vs. Texas

Item McKinney Texas
Ground Beef $3.75 $3.9
Fried Chicken $1.31 $1.4
Milk $1.69 $1.96

Detailed McKinney Health Costs Vs. Texas

Item McKinney Texas
Haircut $15.67 $17.49
Beauty Salon $33.4 $38.17
Toothpaste $1.74 $2.32

Detailed McKinney Transportation Costs Vs. Texas

Item McKinney Texas
Potatoes $3.81 $3.18
Pizza $8.49 $10.39
Beer $9.74 $9.23
Optometrist $103.25 $106.34
Doctor $115.0 $115.25
Dentist $108.0 $98.38

Detailed McKinney Utilities Costs Vs. Texas

Item McKinney Texas
Gasoline $2.5 $2.59
Tire Balancing $47.39 $48.9
All Electricity $218.94 $167.6
Phone $182.64 $163.42

Mckinney SnackAbility

8.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
7
Diversity
9
Safety
8
Amenities
9
Education
8.5
Commute
5

Cost Of Living In Cities Around McKinney

City Population Cost Of Living Vs. McKinney
Plano, TX 287,064 112 1.1x
Frisco, TX 177,020 111 1.1x
Carrollton, TX 135,834 103 1.0x
Richardson, TX 116,432 107 1.0x
Allen, TX 101,699 104 1.0x
Lakewood, WA 60,111 110 1.1x
Little Elm, TX 45,967 99 1.0x
The Colony, TX 43,005 102 1.0x
Sachse, TX 25,607 106 1.0x
Prosper, TX 22,517 120 1.2x

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