Cost of Living: Colorado Springs, CO vs McKinney, TX (2026)

Colorado Springs

Colorado
119
VS

McKinney

Texas
138

Colorado Springs is 14% cheaper than McKinney.

$1,562/mo ↓ 15%
Median Rent
$1,841/mo ↑ 18%
$83,198/yr ↓ 31%
Median Income
$120,273/yr ↑ 45%
$420,700 ↓ 4%
Home Value
$439,500 ↑ 4%
$1,592/mo ↓ 24%
Owner Costs
$2,101/mo ↑ 32%
483,099
Population
202,314

Tax Comparison

4.4%
Income Tax
0%
2.9%
State Sales Tax
6.25%
0.51%
Property Tax
1.6%

Affordability

22.5%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Colorado Springs, CO and McKinney, TX, the overall cost of living indices are 119 and 138 respectively (national median = 100). Rent is $279/month cheaper in Colorado Springs, saving renters about $3,348/year.

Median household income is $37,075/year higher in McKinney. Home values also differ significantly — the median in Colorado Springs is $420,700 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

Colorado Springs vs McKinney — common questions

Is Colorado Springs or McKinney cheaper to live in?
Based on our cost index, Colorado Springs is cheaper to live in with an index of 119 compared to 138 (US average = 100).
What is the rent difference between Colorado Springs and McKinney?
Median rent in Colorado Springs is $1,562/month and in McKinney it's $1,841/month — a difference of $279/month.
Which city has higher income, Colorado Springs or McKinney?
Median household income is $83,198 in Colorado Springs and $120,273 in McKinney. Median household income is $37,075/year higher in McKinney.
How do taxes compare between Colorado and Texas?
Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Colorado Springs or McKinney?
It depends on your priorities. Colorado Springs has a cost index of 119 with median rent of $1,562/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 Colorado Springs details → View McKinney details →

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