Cost of Living: McKinney, TX vs Las Cruces, NM (2026)

McKinney

Texas
138
VS

Las Cruces

New Mexico
68

McKinney is 103% more expensive than Las Cruces.

$1,841/mo ↑ 95%
Median Rent
$946/mo ↓ 49%
$120,273/yr ↑ 118%
Median Income
$55,176/yr ↓ 54%
$439,500 ↑ 102%
Home Value
$217,400 ↓ 51%
$2,101/mo ↑ 116%
Owner Costs
$974/mo ↓ 54%
202,314
Population
112,612

Tax Comparison

0%
Income Tax
5.9%
6.25%
State Sales Tax
5.0%
1.6%
Property Tax
0.67%

Affordability

18.4%
rent-to-income
Affordability
20.6%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Las Cruces, NM, the overall cost of living indices are 138 and 68 respectively (national median = 100). Rent is $895/month cheaper in Las Cruces, saving renters about $10,740/year.

Median household income is $65,097/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $217,400 in Las Cruces.

Texas has no state income tax, giving McKinney residents a significant tax advantage over New Mexico's 5.9% rate.

Frequently Asked Questions

McKinney vs Las Cruces — common questions

Is McKinney or Las Cruces cheaper to live in?
Based on our cost index, Las Cruces is cheaper to live in with an index of 68 compared to 138 (US average = 100).
What is the rent difference between McKinney and Las Cruces?
Median rent in McKinney is $1,841/month and in Las Cruces it's $946/month — a difference of $895/month.
Which city has higher income, McKinney or Las Cruces?
Median household income is $120,273 in McKinney and $55,176 in Las Cruces. Median household income is $65,097/year higher in McKinney.
How do taxes compare between Texas and New Mexico?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax.
Should I move to McKinney or Las Cruces?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Las Cruces has a cost index of 68 with rent of $946/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Las Cruces details →

More Comparisons

Other cost of living comparisons for McKinney and Las Cruces

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Las Cruces vs. Gresham Las Cruces vs. Lansing Las Cruces vs. Beaumont Las Cruces vs. Pompano Beach Las Cruces vs. Springfield Las Cruces vs. Peoria