Cost of Living: McKinney, TX vs Alexandria, VA (2026)

McKinney

Texas
138
VS

Alexandria

Virginia
173

McKinney is 20% cheaper than Alexandria.

$1,841/mo ↓ 9%
Median Rent
$2,031/mo ↑ 10%
$120,273/yr ↑ 6%
Median Income
$113,638/yr ↓ 6%
$439,500 ↓ 37%
Home Value
$696,800 ↑ 59%
$2,101/mo ↓ 3%
Owner Costs
$2,173/mo ↑ 3%
202,314
Population
156,788

Tax Comparison

0%
Income Tax
5.75%
6.25%
State Sales Tax
5.3%
1.6%
Property Tax
0.8%

Affordability

18.4%
rent-to-income
Affordability
21.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Alexandria, VA, the overall cost of living indices are 138 and 173 respectively (national median = 100). Rent is $190/month cheaper in McKinney, saving renters about $2,280/year.

Median household income is $6,635/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $696,800 in Alexandria.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

McKinney vs Alexandria — common questions

Is McKinney or Alexandria cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 173 (US average = 100).
What is the rent difference between McKinney and Alexandria?
Median rent in McKinney is $1,841/month and in Alexandria it's $2,031/month — a difference of $190/month.
Which city has higher income, McKinney or Alexandria?
Median household income is $120,273 in McKinney and $113,638 in Alexandria. Median household income is $6,635/year higher in McKinney.
How do taxes compare between Texas and Virginia?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to McKinney or Alexandria?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Alexandria has a cost index of 173 with rent of $2,031/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Alexandria details →

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