Cost of Living: McKinney, TX vs Providence, RI (2026)

McKinney

Texas
138
VS

Providence

Rhode Island
99

McKinney is 39% more expensive than Providence.

$1,841/mo ↑ 38%
Median Rent
$1,333/mo ↓ 28%
$120,273/yr ↑ 80%
Median Income
$66,772/yr ↓ 44%
$439,500 ↑ 36%
Home Value
$322,800 ↓ 27%
$2,101/mo ↑ 43%
Owner Costs
$1,467/mo ↓ 30%
202,314
Population
190,214

Tax Comparison

0%
Income Tax
5.99%
6.25%
State Sales Tax
7.0%
1.6%
Property Tax
1.53%

Affordability

18.4%
rent-to-income
Affordability
24.0%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Providence, RI, the overall cost of living indices are 138 and 99 respectively (national median = 100). Rent is $508/month cheaper in Providence, saving renters about $6,096/year.

Median household income is $53,501/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $322,800 in Providence.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Rhode Island's 5.99% rate.

Frequently Asked Questions

McKinney vs Providence — common questions

Is McKinney or Providence cheaper to live in?
Based on our cost index, Providence is cheaper to live in with an index of 99 compared to 138 (US average = 100).
What is the rent difference between McKinney and Providence?
Median rent in McKinney is $1,841/month and in Providence it's $1,333/month — a difference of $508/month.
Which city has higher income, McKinney or Providence?
Median household income is $120,273 in McKinney and $66,772 in Providence. Median household income is $53,501/year higher in McKinney.
How do taxes compare between Texas and Rhode Island?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Rhode Island has 5.99% income tax, 7.0% sales tax, and 1.53% property tax.
Should I move to McKinney or Providence?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Providence has a cost index of 99 with rent of $1,333/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Providence details →

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