Cost of Living in McKinney, Texas
Rent, everyday costs and taxes in McKinney, what each job keeps after paying them, and how the city compares with the rest of the US.
- Population
- 236,001
- Median household income
- $124,177
- Cost of living (US = 100)
- 103.1
- Unemployment rate
- 4.3%
Is McKinney a good place to live?
McKinney is one of the pricier places for a typical paycheck: a typical worker keeps less here than in 151 of 178 other large cities. Higher earners do better.
A typical worker in McKinney keeps $1,595 a year after taxes, rent and everyday costs. Try your job
- Cost of living3% above the US average (BEA, 2024)
- Rent$1,997 a month for a 1-bedroom (HUD)
- TaxesNo state income tax on wages
Cost of living in McKinney
Prices in the Dallas-Fort Worth-Arlington, TX area run 3% above the US average. Housing is the biggest difference, at 18% above the US average.
- Housing18% above the US average
- Goods (food, clothing, cars)3% above the US average
- Utilities9% below the US average
- Other services (healthcare and more)About the same as the US average
- All items3% above the US average
Monthly budget for one person
| Cost | Monthly | Yearly |
|---|---|---|
| Rent, 1-bedroom | $1,997 | $23,964 |
| Food | $508 | $6,096 |
| Transportation | $401 | $4,812 |
| Healthcare | $351 | $4,212 |
| Utilities | $236 | $2,832 |
| Total before taxes | $3,493 | $41,916 |
Rent by apartment size
| Monthly rent | McKinney | Whole metro area |
|---|---|---|
| Studio | $1,940 | $1,491 |
| 1 bedroom | $1,997 | $1,536 |
| 2 bedrooms | $2,349 | $1,807 |
| 3 bedrooms | $2,955 | $2,275 |
| 4 bedrooms | $3,763 | $2,892 |
Living in McKinney
How McKinney compares with the US on income, housing, work and commuting (Census Bureau, ACS 2024 1-year).
| Measure | McKinney | US |
|---|---|---|
| Median household income | $124,177 | $81,604 |
| Median home value | $555,800 | $360,600 |
| Median rent paid | $1,900 | $1,487 |
| Households renting | 36.8% | 34.7% |
| Unemployment rate | 4.3% | 4.6% |
| Living below the poverty line | 5.7% | 12.2% |
| Adults with a bachelor's degree or higher | 56.8% | 36.9% |
| Median age | 38.8 years | 39.2 years |
| Average commute, one way | 31.8 minutes | 27.2 minutes |
| Working from home | 26.7% | 13.3% |
| Commuting by public transit | 0.2% | 3.7% |
Home internet
4 providers offer home internet to at least a quarter of McKinney, led by Spectrum, AT&T, T-Mobile, Verizon. Fiber reaches 81.1% of homes and 95.8% can get gigabit speeds.
Pros and cons of living in McKinney
Pros
- Higher incomes. Median household income is $124,177, against $81,604 nationally.
- No state income tax. Texas doesn't tax wages, so more of each paycheck stays with you.
- Remote-work friendly. 26.7% of workers work from home, against 13.3% nationally.
- Fast home internet. 95.8% of homes can get gigabit speeds (FCC).
Cons
- Paychecks don't stretch far. A typical worker keeps $1,595 a year, less than in 151 of 178 large cities.
- Expensive rent. Median rent is $1,900 a month, against $1,487 nationally.
- Longer commutes. The average one-way commute is 31.8 minutes, against 27.2 nationally.
- Pricey homes to buy. The median home is worth $555,800, against $360,600 nationally.
What your job keeps in McKinney
Pick a job, or enter your salary, to see what's left after federal, payroll, state and local taxes, a 1-bedroom rent and everyday costs.
- Typical salary
- $51,440
- Federal income tax
- −$3,993
- Payroll taxes
- −$3,935
- State income tax
- $0
- Rent, 1-bedroom
- −$23,964
- Everyday costs
- −$17,953
a year, or $133 a month
Pay: BLS OEWS Dallas-Fort Worth-Arlington, TX. Rent: HUD FY2027. Taxes: 2026 federal, state and local schedules for a single filer.
What the most common jobs keep here
The 10 jobs we cover with the most workers in the Dallas-Fort Worth-Arlington, TX area.
| Job | Median pay | You keep |
|---|---|---|
| Software engineer | $133,290 | $60,452 |
| Registered nurse | $101,420 | $38,262 |
| Project manager | $98,900 | $36,489 |
| Accountant | $82,620 | $25,037 |
| Teacher | $65,534 | $12,920 |
| Truck driver | $59,530 | $8,095 |
| Electrician | $59,010 | $7,678 |
| Auto mechanic | $49,720 | $213 |
| Medical assistant | $43,100 | −$5,106 |
| Nursing assistant | $38,530 | −$8,779 |
Other jobs, A–Z
What each keeps in McKinney on its median pay. Pick one in the calculator above for the full breakdown.
- Carpenter −$575
- Civil engineer $35,097
- Data scientist $56,666
- Dental assistant −$1,514
- Dental hygienist $38,579
- Dentist $92,372
- Diesel mechanic $8,786
- Financial analyst $37,509
- Firefighter $12,410
- HVAC technician $8,120
- Lawyer $84,526
- Licensed practical nurse $11,985
- Lineman $21,723
- Mechanical engineer $41,076
- Nurse practitioner $58,874
- Occupational therapist $41,562
- Paralegal $11,061
- Paramedic $8,714
- Pharmacist $63,788
- Pharmacy technician −$2,567
- Physical therapist $42,736
- Physician assistant $61,553
- Plumber $9,477
- Police officer $32,275
- Radiologic technologist $25,402
- Respiratory therapist $26,063
- Social worker $8,025
- Speech-language pathologist $36,939
- Veterinarian $60,630
- Welder $1,747
Compare McKinney with other cities
Compare McKinney with another city: any city or state, any of our 40 jobs.
Moving to McKinney
4 licensed interstate movers are based in McKinney, and 146 more elsewhere in the Dallas-Fort Worth-Arlington, TX area (FMCSA, household-goods authority).
Questions people ask
Is McKinney, TX a good place to live?
McKinney is one of the pricier places for a typical paycheck: a typical worker keeps less here than in 151 of 178 other large cities. Higher earners do better. The typical worker here earns $51,440 and keeps $1,595 a year after federal, payroll and state taxes, a 1-bedroom rent and everyday costs.
What is the cost of living in McKinney?
Prices in the Dallas-Fort Worth-Arlington, TX area are 3% above the US average (BEA Regional Price Parities, 2024). A 1-bedroom rents for $1,997 a month (HUD fair market rent, FY2027), and everyday costs for one person, covering food, transportation, healthcare and utilities, come to about $1,496 a month.
How much do you need to earn to live in McKinney?
A single person renting a 1-bedroom alone needs about $49,500 a year before tax to cover taxes, rent and everyday costs, with nothing left over. The typical worker in the Dallas-Fort Worth-Arlington, TX area earns $51,440.
What is the average rent in McKinney?
HUD's fair market rent for FY2027 is $1,940 for a studio, $1,997 for a 1-bedroom and $2,349 for a 2-bedroom. The Census Bureau puts the median rent paid in McKinney at $1,900 a month (2024).
Does McKinney have a state or city income tax?
Texas has no state income tax on wages. McKinney has no local income tax on wages.
What internet providers serve McKinney?
4 providers offer home internet to at least a quarter of McKinney, led by Spectrum, AT&T, T-Mobile, Verizon. 81.1% of homes can get fiber and 95.8% can get gigabit speeds (FCC National Broadband Map).
Sources and method
Everyday costs: BLS Consumer Expenditure Survey 2024 (one-person households) × CPI-U to August 2026 × BEA Regional Price Parities 2024. Taxes assume a single filer with the standard deduction and wage income only.
- Census Bureau, Vintage 2025 population estimates
- Census Bureau, American Community Survey 2024 1-year estimates
- BLS OEWS May 2025, metropolitan area estimates
- HUD Small Area Fair Market Rents, FY2027
- BLS Consumer Expenditure Surveys 2024, Table 1400 (size of consumer unit)
- BLS Consumer Price Index (CPI-U)
- BEA Regional Price Parities by MSA, 2024
- FCC National Broadband Map, fixed broadband availability (data as of December 31, 2025, released 2026-09-29)
- FMCSA Carrier - All With History (operating authority and insurance)
Data compiled October 13, 2026. How we calculate