El Paso, TX vs McKinney, TX: 67 vs 138

$1,041/mo ↓ 43%

Median Rent

$1,841/mo ↑ 77%

$58,734/yr ↓ 51%

Median Income

$120,273/yr ↑ 105%

$171,700 ↓ 61%

Home Value

$439,500 ↑ 156%

$1,044/mo ↓ 50%

Owner Costs

$2,101/mo ↑ 101%

678,147

Population

202,314

Detailed Comparison

When comparing El Paso, TX and McKinney, TX, the overall cost of living indices are 67 and 138 respectively (national median = 100). Rent is $800/month cheaper in El Paso, saving renters about $9,600/year.

Median household income is $61,539/year higher in McKinney. Home values also differ significantly — the median in El Paso is $171,700 compared to $439,500 in McKinney.

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

Frequently Asked Questions

El Paso vs McKinney — common questions

Is El Paso or McKinney cheaper to live in?

Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 138 (US average = 100).

What is the rent difference between El Paso and McKinney?

Median rent in El Paso is $1,041/month and in McKinney it's $1,841/month — a difference of $800/month.

Which city has higher income, El Paso or McKinney?

Median household income is $58,734 in El Paso and $120,273 in McKinney. Median household income is $61,539/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 El Paso or McKinney?

It depends on your priorities. El Paso has a cost index of 67 with median rent of $1,041/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.

Cost of Living: El Paso, TX vs McKinney, TX (2026)

El Paso

McKinney

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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