Cost of Living: McKinney, TX vs Midland, TX (2026)

McKinney

Texas
138
VS

Midland

Texas
99

McKinney is 39% more expensive than Midland.

$1,841/mo ↑ 31%
Median Rent
$1,407/mo ↓ 24%
$120,273/yr ↑ 32%
Median Income
$91,169/yr ↓ 24%
$439,500 ↑ 47%
Home Value
$298,600 ↓ 32%
$2,101/mo ↑ 43%
Owner Costs
$1,468/mo ↓ 30%
202,314
Population
133,998

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

18.4%
rent-to-income
Affordability
18.5%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Midland, TX, the overall cost of living indices are 138 and 99 respectively (national median = 100). Rent is $434/month cheaper in Midland, saving renters about $5,208/year.

Median household income is $29,104/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $298,600 in Midland.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

McKinney vs Midland — common questions

Is McKinney or Midland cheaper to live in?
Based on our cost index, Midland is cheaper to live in with an index of 99 compared to 138 (US average = 100).
What is the rent difference between McKinney and Midland?
Median rent in McKinney is $1,841/month and in Midland it's $1,407/month — a difference of $434/month.
Which city has higher income, McKinney or Midland?
Median household income is $120,273 in McKinney and $91,169 in Midland. Median household income is $29,104/year higher in McKinney.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to McKinney or Midland?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Midland has a cost index of 99 with rent of $1,407/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Midland details →

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