Cost of Living: McKinney, TX vs Independence, MO (2026)

McKinney

Texas
138
VS

Independence

Missouri
67

McKinney is 106% more expensive than Independence.

$1,841/mo ↑ 74%
Median Rent
$1,061/mo ↓ 42%
$120,273/yr ↑ 102%
Median Income
$59,480/yr ↓ 51%
$439,500 ↑ 164%
Home Value
$166,400 ↓ 62%
$2,101/mo ↑ 101%
Owner Costs
$1,046/mo ↓ 50%
202,314
Population
121,944

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
4.225%
1.6%
Property Tax
0.93%

Affordability

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

Detailed Comparison

When comparing McKinney, TX and Independence, MO, the overall cost of living indices are 138 and 67 respectively (national median = 100). Rent is $780/month cheaper in Independence, saving renters about $9,360/year.

Median household income is $60,793/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $166,400 in Independence.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

McKinney vs Independence — common questions

Is McKinney or Independence cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 138 (US average = 100).
What is the rent difference between McKinney and Independence?
Median rent in McKinney is $1,841/month and in Independence it's $1,061/month — a difference of $780/month.
Which city has higher income, McKinney or Independence?
Median household income is $120,273 in McKinney and $59,480 in Independence. Median household income is $60,793/year higher in McKinney.
How do taxes compare between Texas and Missouri?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to McKinney or Independence?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Independence has a cost index of 67 with rent of $1,061/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Independence details →

More Comparisons

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