Cost of Living: Jersey City, NJ vs McKinney, TX (2026)

Jersey City

New Jersey
148
VS

McKinney

Texas
138

Jersey City is 7% more expensive than McKinney.

$1,902/mo ↑ 3%
Median Rent
$1,841/mo ↓ 3%
$94,813/yr ↓ 21%
Median Income
$120,273/yr ↑ 27%
$534,500 ↑ 22%
Home Value
$439,500 ↓ 18%
$2,006/mo ↓ 5%
Owner Costs
$2,101/mo ↑ 5%
289,691
Population
202,314

Tax Comparison

10.75%
Income Tax
0%
6.625%
State Sales Tax
6.25%
2.23%
Property Tax
1.6%

Affordability

24.1%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Jersey City, NJ and McKinney, TX, the overall cost of living indices are 148 and 138 respectively (national median = 100). Rent is $61/month cheaper in McKinney, saving renters about $732/year.

Median household income is $25,460/year higher in McKinney. Home values also differ significantly — the median in Jersey City is $534,500 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over New Jersey's 10.75% rate.

Frequently Asked Questions

Jersey City vs McKinney — common questions

Is Jersey City or McKinney cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 148 (US average = 100).
What is the rent difference between Jersey City and McKinney?
Median rent in Jersey City is $1,902/month and in McKinney it's $1,841/month — a difference of $61/month.
Which city has higher income, Jersey City or McKinney?
Median household income is $94,813 in Jersey City and $120,273 in McKinney. Median household income is $25,460/year higher in McKinney.
How do taxes compare between New Jersey and Texas?
New Jersey has 10.75% income tax, 6.625% sales tax, and 2.23% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Jersey City or McKinney?
It depends on your priorities. Jersey City has a cost index of 148 with median rent of $1,902/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 Jersey City details → View McKinney details →

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