Cost of Living: McKinney, TX vs Sioux Falls, SD (2026)

McKinney

Texas
138
VS

Sioux Falls

South Dakota
78

McKinney is 77% more expensive than Sioux Falls.

$1,841/mo ↑ 85%
Median Rent
$993/mo ↓ 46%
$120,273/yr ↑ 61%
Median Income
$74,714/yr ↓ 38%
$439,500 ↑ 62%
Home Value
$271,400 ↓ 38%
$2,101/mo ↑ 87%
Owner Costs
$1,122/mo ↓ 47%
202,314
Population
197,642

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
4.2%
1.6%
Property Tax
1.28%

Affordability

18.4%
rent-to-income
Affordability
15.9%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Sioux Falls, SD, the overall cost of living indices are 138 and 78 respectively (national median = 100). Rent is $848/month cheaper in Sioux Falls, saving renters about $10,176/year.

Median household income is $45,559/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $271,400 in Sioux Falls.

Frequently Asked Questions

McKinney vs Sioux Falls — common questions

Is McKinney or Sioux Falls cheaper to live in?
Based on our cost index, Sioux Falls is cheaper to live in with an index of 78 compared to 138 (US average = 100).
What is the rent difference between McKinney and Sioux Falls?
Median rent in McKinney is $1,841/month and in Sioux Falls it's $993/month — a difference of $848/month.
Which city has higher income, McKinney or Sioux Falls?
Median household income is $120,273 in McKinney and $74,714 in Sioux Falls. Median household income is $45,559/year higher in McKinney.
How do taxes compare between Texas and South Dakota?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. South Dakota has 0% income tax, 4.2% sales tax, and 1.28% property tax.
Should I move to McKinney or Sioux Falls?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Sioux Falls has a cost index of 78 with rent of $993/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Sioux Falls details →

More Comparisons

Other cost of living comparisons for McKinney and Sioux Falls

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Sioux Falls vs. Grand Rapids Sioux Falls vs. Overland Park Sioux Falls vs. Montgomery Sioux Falls vs. Huntington Beach Sioux Falls vs. Grand Prairie Sioux Falls vs. Peoria