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

Irving

Texas
102
VS

McKinney

Texas
138

Irving is 26% cheaper than McKinney.

$1,517/mo ↓ 18%
Median Rent
$1,841/mo ↑ 21%
$79,641/yr ↓ 34%
Median Income
$120,273/yr ↑ 51%
$287,300 ↓ 35%
Home Value
$439,500 ↑ 53%
$1,521/mo ↓ 28%
Owner Costs
$2,101/mo ↑ 38%
255,036
Population
202,314

Tax Comparison

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

Affordability

22.9%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Irving, TX and McKinney, TX, the overall cost of living indices are 102 and 138 respectively (national median = 100). Rent is $324/month cheaper in Irving, saving renters about $3,888/year.

Median household income is $40,632/year higher in McKinney. Home values also differ significantly — the median in Irving is $287,300 compared to $439,500 in McKinney.

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

Frequently Asked Questions

Irving vs McKinney — common questions

Is Irving or McKinney cheaper to live in?
Based on our cost index, Irving is cheaper to live in with an index of 102 compared to 138 (US average = 100).
What is the rent difference between Irving and McKinney?
Median rent in Irving is $1,517/month and in McKinney it's $1,841/month — a difference of $324/month.
Which city has higher income, Irving or McKinney?
Median household income is $79,641 in Irving and $120,273 in McKinney. Median household income is $40,632/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 Irving or McKinney?
It depends on your priorities. Irving has a cost index of 102 with median rent of $1,517/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 Irving details → View McKinney details →

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