Cost of Living: Indianapolis, IN vs McKinney, TX (2026)

Indianapolis

Indiana
74
VS

McKinney

Texas
138

Indianapolis is 46% cheaper than McKinney.

$1,112/mo ↓ 40%
Median Rent
$1,841/mo ↑ 66%
$62,995/yr ↓ 48%
Median Income
$120,273/yr ↑ 91%
$207,000 ↓ 53%
Home Value
$439,500 ↑ 112%
$1,124/mo ↓ 47%
Owner Costs
$2,101/mo ↑ 87%
882,043
Population
202,314

Tax Comparison

3.05%
Income Tax
0%
7.0%
State Sales Tax
6.25%
0.83%
Property Tax
1.6%

Affordability

21.2%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Indianapolis, IN and McKinney, TX, the overall cost of living indices are 74 and 138 respectively (national median = 100). Rent is $729/month cheaper in Indianapolis, saving renters about $8,748/year.

Median household income is $57,278/year higher in McKinney. Home values also differ significantly — the median in Indianapolis is $207,000 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Indiana's 3.05% rate.

Frequently Asked Questions

Indianapolis vs McKinney — common questions

Is Indianapolis or McKinney cheaper to live in?
Based on our cost index, Indianapolis is cheaper to live in with an index of 74 compared to 138 (US average = 100).
What is the rent difference between Indianapolis and McKinney?
Median rent in Indianapolis is $1,112/month and in McKinney it's $1,841/month — a difference of $729/month.
Which city has higher income, Indianapolis or McKinney?
Median household income is $62,995 in Indianapolis and $120,273 in McKinney. Median household income is $57,278/year higher in McKinney.
How do taxes compare between Indiana and Texas?
Indiana has 3.05% income tax, 7.0% sales tax, and 0.83% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Indianapolis or McKinney?
It depends on your priorities. Indianapolis has a cost index of 74 with median rent of $1,112/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 Indianapolis details → View McKinney details →

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