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

Laredo

Texas
67
VS

McKinney

Texas
138

Laredo is 51% cheaper than McKinney.

$1,001/mo ↓ 46%
Median Rent
$1,841/mo ↑ 84%
$63,264/yr ↓ 47%
Median Income
$120,273/yr ↑ 90%
$182,400 ↓ 58%
Home Value
$439,500 ↑ 141%
$1,066/mo ↓ 49%
Owner Costs
$2,101/mo ↑ 97%
255,949
Population
202,314

Tax Comparison

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

Affordability

19.0%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Laredo, TX and McKinney, TX, the overall cost of living indices are 67 and 138 respectively (national median = 100). Rent is $840/month cheaper in Laredo, saving renters about $10,080/year.

Median household income is $57,009/year higher in McKinney. Home values also differ significantly — the median in Laredo is $182,400 compared to $439,500 in McKinney.

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

Frequently Asked Questions

Laredo vs McKinney — common questions

Is Laredo or McKinney cheaper to live in?
Based on our cost index, Laredo is cheaper to live in with an index of 67 compared to 138 (US average = 100).
What is the rent difference between Laredo and McKinney?
Median rent in Laredo is $1,001/month and in McKinney it's $1,841/month — a difference of $840/month.
Which city has higher income, Laredo or McKinney?
Median household income is $63,264 in Laredo and $120,273 in McKinney. Median household income is $57,009/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 Laredo or McKinney?
It depends on your priorities. Laredo has a cost index of 67 with median rent of $1,001/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 Laredo details → View McKinney details →

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