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

McKinney

Texas
138
VS

Richardson

Texas
128

McKinney is 8% more expensive than Richardson.

$1,841/mo ≈ Same
Median Rent
$1,825/mo ≈ Same
$120,273/yr ↑ 25%
Median Income
$96,257/yr ↓ 20%
$439,500 ↑ 8%
Home Value
$405,600 ↓ 8%
$2,101/mo ↑ 17%
Owner Costs
$1,796/mo ↓ 15%
202,314
Population
118,269

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
22.8%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Richardson, TX, the overall cost of living indices are 138 and 128 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $24,016/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $405,600 in Richardson.

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

Frequently Asked Questions

McKinney vs Richardson — common questions

Is McKinney or Richardson cheaper to live in?
Based on our cost index, Richardson is cheaper to live in with an index of 128 compared to 138 (US average = 100).
What is the rent difference between McKinney and Richardson?
Median rent in McKinney is $1,841/month and in Richardson it's $1,825/month — a difference of $16/month.
Which city has higher income, McKinney or Richardson?
Median household income is $120,273 in McKinney and $96,257 in Richardson. Median household income is $24,016/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 Richardson?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Richardson has a cost index of 128 with rent of $1,825/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Richardson details →

More Comparisons

Other cost of living comparisons for McKinney and Richardson

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Richardson vs. Billings Richardson vs. Cambridge Richardson vs. Wilmington Richardson vs. North Charleston Richardson vs. Spring Hill Richardson vs. Clearwater