Cost of Living in McAllen, TX
McAllen has a cost of living index of 78 (100 = national average), making it significantly more affordable than the national average. The median household income is $42,105 and the median home price is $175,000.
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McAllen at a Glance
Population
148,834
Cost of Living Index
78
Median Income
$42,105
Median Home Price
$175,000
Property Tax Rate
2.00%
Sales Tax Rate
8.25%
Rent Index
60
State
Texas
Living in McAllen
McAllen offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $175,000 is well within reach for many families.
The combined sales tax rate in McAllen is 8.25%, and the effective property tax rate is 2.00%. Property taxes are above the national average, which is an important consideration for homebuyers.