Cost of Living: McKinney, TX vs New Haven, CT (2026)

McKinney

Texas
138
VS

New Haven

Connecticut
95

McKinney is 45% more expensive than New Haven.

$1,841/mo ↑ 28%
Median Rent
$1,442/mo ↓ 22%
$120,273/yr ↑ 124%
Median Income
$53,771/yr ↓ 55%
$439,500 ↑ 77%
Home Value
$249,000 ↓ 43%
$2,101/mo ↑ 38%
Owner Costs
$1,520/mo ↓ 28%
202,314
Population
132,893

Tax Comparison

0%
Income Tax
6.99%
6.25%
State Sales Tax
6.35%
1.6%
Property Tax
2.15%

Affordability

18.4%
rent-to-income
Affordability
32.2%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and New Haven, CT, the overall cost of living indices are 138 and 95 respectively (national median = 100). Rent is $399/month cheaper in New Haven, saving renters about $4,788/year.

Median household income is $66,502/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $249,000 in New Haven.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

McKinney vs New Haven — common questions

Is McKinney or New Haven cheaper to live in?
Based on our cost index, New Haven is cheaper to live in with an index of 95 compared to 138 (US average = 100).
What is the rent difference between McKinney and New Haven?
Median rent in McKinney is $1,841/month and in New Haven it's $1,442/month — a difference of $399/month.
Which city has higher income, McKinney or New Haven?
Median household income is $120,273 in McKinney and $53,771 in New Haven. Median household income is $66,502/year higher in McKinney.
How do taxes compare between Texas and Connecticut?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to McKinney or New Haven?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while New Haven has a cost index of 95 with rent of $1,442/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View New Haven details →

More Comparisons

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