Cost of Living: McKinney, TX vs Jackson, MS (2026)

McKinney

Texas
138
VS

Jackson

Mississippi
58

McKinney is 138% more expensive than Jackson.

$1,841/mo ↑ 81%
Median Rent
$1,018/mo ↓ 45%
$120,273/yr ↑ 178%
Median Income
$43,238/yr ↓ 64%
$439,500 ↑ 306%
Home Value
$108,200 ↓ 75%
$2,101/mo ↑ 120%
Owner Costs
$956/mo ↓ 54%
202,314
Population
149,827

Tax Comparison

0%
Income Tax
5.0%
6.25%
State Sales Tax
7.0%
1.6%
Property Tax
0.67%

Affordability

18.4%
rent-to-income
Affordability
28.3%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Jackson, MS, the overall cost of living indices are 138 and 58 respectively (national median = 100). Rent is $823/month cheaper in Jackson, saving renters about $9,876/year.

Median household income is $77,035/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $108,200 in Jackson.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Mississippi's 5.0% rate.

Frequently Asked Questions

McKinney vs Jackson — common questions

Is McKinney or Jackson cheaper to live in?
Based on our cost index, Jackson is cheaper to live in with an index of 58 compared to 138 (US average = 100).
What is the rent difference between McKinney and Jackson?
Median rent in McKinney is $1,841/month and in Jackson it's $1,018/month — a difference of $823/month.
Which city has higher income, McKinney or Jackson?
Median household income is $120,273 in McKinney and $43,238 in Jackson. Median household income is $77,035/year higher in McKinney.
How do taxes compare between Texas and Mississippi?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Mississippi has 5.0% income tax, 7.0% sales tax, and 0.67% property tax.
Should I move to McKinney or Jackson?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Jackson has a cost index of 58 with rent of $1,018/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Jackson details →

More Comparisons

Other cost of living comparisons for McKinney and Jackson

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Jackson vs. Escondido Jackson vs. Joliet Jackson vs. Bellevue Jackson vs. Surprise Jackson vs. Charleston Jackson vs. Naperville