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

McKinney

Texas
138
VS

Dearborn

Michigan
79

McKinney is 75% more expensive than Dearborn.

$1,841/mo ↑ 46%
Median Rent
$1,264/mo ↓ 31%
$120,273/yr ↑ 84%
Median Income
$65,192/yr ↓ 46%
$439,500 ↑ 113%
Home Value
$205,900 ↓ 53%
$2,101/mo ↑ 79%
Owner Costs
$1,174/mo ↓ 44%
202,314
Population
107,846

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
23.3%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Dearborn, MI, the overall cost of living indices are 138 and 79 respectively (national median = 100). Rent is $577/month cheaper in Dearborn, saving renters about $6,924/year.

Median household income is $55,081/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $205,900 in Dearborn.

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

Frequently Asked Questions

McKinney vs Dearborn — common questions

Is McKinney or Dearborn cheaper to live in?
Based on our cost index, Dearborn is cheaper to live in with an index of 79 compared to 138 (US average = 100).
What is the rent difference between McKinney and Dearborn?
Median rent in McKinney is $1,841/month and in Dearborn it's $1,264/month — a difference of $577/month.
Which city has higher income, McKinney or Dearborn?
Median household income is $120,273 in McKinney and $65,192 in Dearborn. Median household income is $55,081/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 Dearborn?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Dearborn has a cost index of 79 with rent of $1,264/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Dearborn details →

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