Cost of Living: McKinney, TX vs Ann Arbor, MI (2026)

McKinney

Texas
138
VS

Ann Arbor

Michigan
121

McKinney is 14% more expensive than Ann Arbor.

$1,841/mo ↑ 19%
Median Rent
$1,552/mo ↓ 16%
$120,273/yr ↑ 48%
Median Income
$81,089/yr ↓ 33%
$439,500 ↑ 1%
Home Value
$435,100 ↓ 1%
$2,101/mo ↑ 28%
Owner Costs
$1,638/mo ↓ 22%
202,314
Population
121,179

Tax Comparison

0%
Income Tax
4.25%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
1.38%

Affordability

18.4%
rent-to-income
Affordability
23.0%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Ann Arbor, MI, the overall cost of living indices are 138 and 121 respectively (national median = 100). Rent is $289/month cheaper in Ann Arbor, saving renters about $3,468/year.

Median household income is $39,184/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $435,100 in Ann Arbor.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Michigan's 4.25% rate.

Frequently Asked Questions

McKinney vs Ann Arbor — common questions

Is McKinney or Ann Arbor cheaper to live in?
Based on our cost index, Ann Arbor is cheaper to live in with an index of 121 compared to 138 (US average = 100).
What is the rent difference between McKinney and Ann Arbor?
Median rent in McKinney is $1,841/month and in Ann Arbor it's $1,552/month — a difference of $289/month.
Which city has higher income, McKinney or Ann Arbor?
Median household income is $120,273 in McKinney and $81,089 in Ann Arbor. Median household income is $39,184/year higher in McKinney.
How do taxes compare between Texas and Michigan?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Michigan has 4.25% income tax, 6.0% sales tax, and 1.38% property tax.
Should I move to McKinney or Ann Arbor?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Ann Arbor has a cost index of 121 with rent of $1,552/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Ann Arbor details →

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