Cost of Living: McKinney, TX vs Lakewood, CO (2026)

McKinney

Texas
138
VS

Lakewood

Colorado
141

McKinney is 2% cheaper than Lakewood.

$1,841/mo ↑ 5%
Median Rent
$1,746/mo ↓ 5%
$120,273/yr ↑ 40%
Median Income
$85,789/yr ↓ 29%
$439,500 ↓ 20%
Home Value
$548,200 ↑ 25%
$2,101/mo ↑ 22%
Owner Costs
$1,729/mo ↓ 18%
202,314
Population
156,309

Tax Comparison

0%
Income Tax
4.4%
6.25%
State Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

18.4%
rent-to-income
Affordability
24.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Lakewood, CO, the overall cost of living indices are 138 and 141 respectively (national median = 100). Rent is $95/month cheaper in Lakewood, saving renters about $1,140/year.

Median household income is $34,484/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $548,200 in Lakewood.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

McKinney vs Lakewood — common questions

Is McKinney or Lakewood cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 141 (US average = 100).
What is the rent difference between McKinney and Lakewood?
Median rent in McKinney is $1,841/month and in Lakewood it's $1,746/month — a difference of $95/month.
Which city has higher income, McKinney or Lakewood?
Median household income is $120,273 in McKinney and $85,789 in Lakewood. Median household income is $34,484/year higher in McKinney.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to McKinney or Lakewood?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Lakewood has a cost index of 141 with rent of $1,746/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Lakewood details →

More Comparisons

Other cost of living comparisons for McKinney and Lakewood

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