Cost of Living: Chesapeake, VA vs McKinney, TX (2026)

Chesapeake

Virginia
112
VS

McKinney

Texas
138

Chesapeake is 19% cheaper than McKinney.

$1,523/mo ↓ 17%
Median Rent
$1,841/mo ↑ 21%
$94,189/yr ↓ 22%
Median Income
$120,273/yr ↑ 28%
$359,100 ↓ 18%
Home Value
$439,500 ↑ 22%
$1,680/mo ↓ 20%
Owner Costs
$2,101/mo ↑ 25%
251,153
Population
202,314

Tax Comparison

5.75%
Income Tax
0%
5.3%
State Sales Tax
6.25%
0.8%
Property Tax
1.6%

Affordability

19.4%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Chesapeake, VA and McKinney, TX, the overall cost of living indices are 112 and 138 respectively (national median = 100). Rent is $318/month cheaper in Chesapeake, saving renters about $3,816/year.

Median household income is $26,084/year higher in McKinney. Home values also differ significantly — the median in Chesapeake is $359,100 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Chesapeake vs McKinney — common questions

Is Chesapeake or McKinney cheaper to live in?
Based on our cost index, Chesapeake is cheaper to live in with an index of 112 compared to 138 (US average = 100).
What is the rent difference between Chesapeake and McKinney?
Median rent in Chesapeake is $1,523/month and in McKinney it's $1,841/month — a difference of $318/month.
Which city has higher income, Chesapeake or McKinney?
Median household income is $94,189 in Chesapeake and $120,273 in McKinney. Median household income is $26,084/year higher in McKinney.
How do taxes compare between Virginia and Texas?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Chesapeake or McKinney?
It depends on your priorities. Chesapeake has a cost index of 112 with median rent of $1,523/mo, while McKinney has a cost index of 138 with rent of $1,841/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Chesapeake details → View McKinney details →

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