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

McKinney

Texas
138
VS

Odessa

Texas
83

McKinney is 66% more expensive than Odessa.

$1,841/mo ↑ 39%
Median Rent
$1,322/mo ↓ 28%
$120,273/yr ↑ 65%
Median Income
$73,030/yr ↓ 39%
$439,500 ↑ 111%
Home Value
$208,000 ↓ 53%
$2,101/mo ↑ 68%
Owner Costs
$1,251/mo ↓ 40%
202,314
Population
114,080

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
21.7%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Odessa, TX, the overall cost of living indices are 138 and 83 respectively (national median = 100). Rent is $519/month cheaper in Odessa, saving renters about $6,228/year.

Median household income is $47,243/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $208,000 in Odessa.

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

Frequently Asked Questions

McKinney vs Odessa — common questions

Is McKinney or Odessa cheaper to live in?
Based on our cost index, Odessa is cheaper to live in with an index of 83 compared to 138 (US average = 100).
What is the rent difference between McKinney and Odessa?
Median rent in McKinney is $1,841/month and in Odessa it's $1,322/month — a difference of $519/month.
Which city has higher income, McKinney or Odessa?
Median household income is $120,273 in McKinney and $73,030 in Odessa. Median household income is $47,243/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 Odessa?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Odessa has a cost index of 83 with rent of $1,322/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Odessa details →

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