Cost of Living: Dallas, TX vs McKinney, TX (2026)

Dallas

Texas
97
VS

McKinney

Texas
138

Dallas is 30% cheaper than McKinney.

$1,403/mo ↓ 24%
Median Rent
$1,841/mo ↑ 31%
$67,760/yr ↓ 44%
Median Income
$120,273/yr ↑ 77%
$295,300 ↓ 33%
Home Value
$439,500 ↑ 49%
$1,409/mo ↓ 33%
Owner Costs
$2,101/mo ↑ 49%
1,299,553
Population
202,314

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

24.8%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Dallas, TX and McKinney, TX, the overall cost of living indices are 97 and 138 respectively (national median = 100). Rent is $438/month cheaper in Dallas, saving renters about $5,256/year.

Median household income is $52,513/year higher in McKinney. Home values also differ significantly — the median in Dallas is $295,300 compared to $439,500 in McKinney.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Dallas vs McKinney — common questions

Is Dallas or McKinney cheaper to live in?
Based on our cost index, Dallas is cheaper to live in with an index of 97 compared to 138 (US average = 100).
What is the rent difference between Dallas and McKinney?
Median rent in Dallas is $1,403/month and in McKinney it's $1,841/month — a difference of $438/month.
Which city has higher income, Dallas or McKinney?
Median household income is $67,760 in Dallas and $120,273 in McKinney. Median household income is $52,513/year higher in McKinney.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Dallas or McKinney?
It depends on your priorities. Dallas has a cost index of 97 with median rent of $1,403/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 Dallas details → View McKinney details →

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