Cost of Living in McKinney, TX
Population 210,600 · Census ACS 2020–2024 5-year estimates
The median rent in McKinney, TX is $1,901/month, 35% higher than the Texas median and 35% higher than the U.S. median. The median home value is $471,800, 42% higher than the national median. Households earn a median of $124,215 a year, 58% higher than the state median.
Affordability
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McKinney vs. Texas vs. U.S.
| McKinney | Texas | U.S. | |
|---|---|---|---|
| Median rent | $1,901 | $1,403 | $1,413 |
| Median home value | $471,800 | $283,800 | $332,700 |
| Median household income | $124,215 | $78,476 | $80,734 |
| Homeownership rate | 63.8% | 62.6% | 65.2% |
| Bachelor's degree or higher | 54.1% | 33.8% | 35.7% |
| Poverty rate | 5.7% | 13.8% | 12.5% |
| Unemployment rate | 3.7% | 5.3% | 5.2% |
| Work from home | 24.5% | 14.4% | 15.1% |
| Median age | 36.9 | 35.6 | 38.9 |
FAQ
What is the average rent in McKinney, TX?
The median gross rent in McKinney, TX is $1,901 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in McKinney, TX?
Using the common 30% rule, renting a median-priced home takes about $76,040 a year in gross income.
Is McKinney, TX expensive to live in?
Rent there is 35% higher than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in Texas
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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