Cost of Living: McKinney, TX vs Palm Bay, FL (2026)

McKinney

Texas
138
VS

Palm Bay

Florida
91

McKinney is 52% more expensive than Palm Bay.

$1,841/mo ↑ 24%
Median Rent
$1,487/mo ↓ 19%
$120,273/yr ↑ 78%
Median Income
$67,521/yr ↓ 44%
$439,500 ↑ 77%
Home Value
$248,000 ↓ 44%
$2,101/mo ↑ 75%
Owner Costs
$1,203/mo ↓ 43%
202,314
Population
125,273

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.0%
1.6%
Property Tax
0.86%

Affordability

18.4%
rent-to-income
Affordability
26.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Palm Bay, FL, the overall cost of living indices are 138 and 91 respectively (national median = 100). Rent is $354/month cheaper in Palm Bay, saving renters about $4,248/year.

Median household income is $52,752/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $248,000 in Palm Bay.

Frequently Asked Questions

McKinney vs Palm Bay — common questions

Is McKinney or Palm Bay cheaper to live in?
Based on our cost index, Palm Bay is cheaper to live in with an index of 91 compared to 138 (US average = 100).
What is the rent difference between McKinney and Palm Bay?
Median rent in McKinney is $1,841/month and in Palm Bay it's $1,487/month — a difference of $354/month.
Which city has higher income, McKinney or Palm Bay?
Median household income is $120,273 in McKinney and $67,521 in Palm Bay. Median household income is $52,752/year higher in McKinney.
How do taxes compare between Texas and Florida?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to McKinney or Palm Bay?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Palm Bay has a cost index of 91 with rent of $1,487/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Palm Bay details →

More Comparisons

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McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Palm Bay vs. Allentown Palm Bay vs. Meridian Palm Bay vs. Thousand Oaks Palm Bay vs. Vallejo Palm Bay vs. Simi Valley Palm Bay vs. Round Rock