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

McKinney

Texas
138
VS

Allen

Texas
137

McKinney and Allen have a similar cost of living.

$1,841/mo ↓ 2%
Median Rent
$1,877/mo ↑ 2%
$120,273/yr ↓ 7%
Median Income
$129,130/yr ↑ 7%
$439,500 ↑ 2%
Home Value
$429,900 ↓ 2%
$2,101/mo ≈ Same
Owner Costs
$2,083/mo ≈ Same
202,314
Population
107,684

Tax Comparison

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

Affordability

18.4%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Allen, TX, the overall cost of living indices are 138 and 137 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $8,857/year higher in Allen. Home values also differ significantly — the median in McKinney is $439,500 compared to $429,900 in Allen.

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

Frequently Asked Questions

McKinney vs Allen — common questions

Is McKinney or Allen cheaper to live in?
Based on our cost index, Allen is cheaper to live in with an index of 137 compared to 138 (US average = 100).
What is the rent difference between McKinney and Allen?
Median rent in McKinney is $1,841/month and in Allen it's $1,877/month — a difference of $36/month.
Which city has higher income, McKinney or Allen?
Median household income is $120,273 in McKinney and $129,130 in Allen. Median household income is $8,857/year higher in Allen.
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 McKinney or Allen?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Allen details →

More Comparisons

Other cost of living comparisons for McKinney and Allen

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Allen vs. Tuscaloosa Allen vs. New York Allen vs. Tyler Allen vs. Los Angeles Allen vs. Riverview Allen vs. Chicago