Cost of Living in McKinney, TX
McKinney has a cost of living index of 106 (100 = national average), making it more expensive than the national average. The median household income is $93,817 and the median home price is $430,000.
Compare Locations
Your current annual gross salary
Your current monthly rent or mortgage payment
Select two states and enter your salary to compare costs
McKinney at a Glance
Population
199,177
Cost of Living Index
106
Median Income
$93,817
Median Home Price
$430,000
Property Tax Rate
1.89%
Sales Tax Rate
8.25%
Rent Index
112
State
Texas
Living in McKinney
McKinney has a cost of living slightly above the national average. While housing at $430,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in McKinney is 8.25%, and the effective property tax rate is 1.89%. Property taxes are above the national average, which is an important consideration for homebuyers.