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 122, which is 1.2x higher than the national index of 100.
Compared to Texas, McKinney has a cost of living index that's 1.3x higher than Texas's index of 93.
The standard of living in McKinney ranks as #374 most affordable out of the 419 places we measured in Texas. By definition, that implies McKinney ranks as the #45 most expensive place in the Lone Star State.
For more reading on life in McKinney, check out:
McKinney Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in McKinney. Here is how it fares on each of the criteria:
The Services index in McKinney is 100.
The Groceries index in McKinney is 97.
The Health index in McKinney is 173.
The Housing index in McKinney is 96.
The Transportation index in McKinney is 110.
The Utilities index in McKinney is 102.
| Living Expense | McKinney | Texas | National Average |
|---|---|---|---|
| Overall | 122 | 93 | 100 |
| Services | 100 | 100 | 100 |
| Groceries | 97 | 99 | 100 |
| Health | 173 | 81 | 100 |
| Housing | 96 | 97 | 100 |
| Transportation | 110 | 103 | 100 |
| Utilities | 102 | 100 | 100 |
McKinney Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in McKinney Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
McKinney, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in McKinney is $481,963.
The Median Rent in McKinney is $1,901.
The Median Income in McKinney is $124,215.
The Home Value To Income in McKinney is 3.9x.
The Rent To Monthly Income in McKinney is 0.18x.
McKinney, TX Costs By Category
Detailed McKinney Services costs vs. Texas
Detailed McKinney Groceries costs vs. Texas
Detailed McKinney Health costs vs. Texas
Detailed McKinney Transportation costs vs. Texas
Mckinney SnackAbility
Cost Of Living In Cities Around McKinney
The cost of living varies in the cities and towns around McKinney. Here's a quick look at the cost of living in the most populous nearby places:
Plano, TX has a cost of living index of 120, 1.0x McKinney.
Frisco, TX has a cost of living index of 133, 1.1x McKinney.
Carrollton, TX has a cost of living index of 113, 0.9x McKinney.
| City | Population | Cost Of Living | Vs. McKinney |
|---|---|---|---|
| Plano, TX | 290,594 | 120 | 1.0x |
| Frisco, TX | 219,304 | 133 | 1.1x |
| Carrollton, TX | 133,740 | 113 | 0.9x |
| Richardson, TX | 118,731 | 116 | 1.0x |
| Allen, TX | 110,265 | 120 | 1.0x |
| Lakewood, WA | 62,937 | 124 | 1.0x |
| Little Elm, TX | 54,820 | 118 | 1.0x |
| The Colony, TX | 45,454 | 111 | 0.9x |
| Prosper, TX | 37,869 | 142 | 1.2x |
| Sachse, TX | 30,491 | 112 | 0.9x |
