Cost of Living: McKinney, TX vs Richmond, CA (2026)

McKinney

Texas
138
VS

Richmond

California
161

McKinney is 14% cheaper than Richmond.

$1,841/mo ↓ 3%
Median Rent
$1,895/mo ↑ 3%
$120,273/yr ↑ 34%
Median Income
$90,038/yr ↓ 25%
$439,500 ↓ 32%
Home Value
$650,100 ↑ 48%
$2,101/mo ↑ 4%
Owner Costs
$2,015/mo ↓ 4%
202,314
Population
115,396

Tax Comparison

0%
Income Tax
13.3%
6.25%
State Sales Tax
7.25%
1.6%
Property Tax
0.71%

Affordability

18.4%
rent-to-income
Affordability
25.3%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Richmond, CA, the overall cost of living indices are 138 and 161 respectively (national median = 100). Rent is $54/month cheaper in McKinney, saving renters about $648/year.

Median household income is $30,235/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $650,100 in Richmond.

Texas has no state income tax, giving McKinney residents a significant tax advantage over California's 13.3% rate.

Frequently Asked Questions

McKinney vs Richmond — common questions

Is McKinney or Richmond cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 161 (US average = 100).
What is the rent difference between McKinney and Richmond?
Median rent in McKinney is $1,841/month and in Richmond it's $1,895/month — a difference of $54/month.
Which city has higher income, McKinney or Richmond?
Median household income is $120,273 in McKinney and $90,038 in Richmond. Median household income is $30,235/year higher in McKinney.
How do taxes compare between Texas and California?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. California has 13.3% income tax, 7.25% sales tax, and 0.71% property tax.
Should I move to McKinney or Richmond?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Richmond has a cost index of 161 with rent of $1,895/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Richmond details →

More Comparisons

Other cost of living comparisons for McKinney and Richmond

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Richmond vs. Manchester Richmond vs. High Point Richmond vs. Westminster Richmond vs. League City Richmond vs. Antioch Richmond vs. Lowell