Cost of Living: McKinney, TX vs Springfield, MO (2026)

McKinney

Texas
138
VS

Springfield

Missouri
60

McKinney is 130% more expensive than Springfield.

$1,841/mo ↑ 100%
Median Rent
$920/mo ↓ 50%
$120,273/yr ↑ 162%
Median Income
$45,984/yr ↓ 62%
$439,500 ↑ 166%
Home Value
$165,200 ↓ 62%
$2,101/mo ↑ 131%
Owner Costs
$908/mo ↓ 57%
202,314
Population
169,432

Tax Comparison

0%
Income Tax
4.95%
6.25%
State Sales Tax
4.225%
1.6%
Property Tax
0.93%

Affordability

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

Detailed Comparison

When comparing McKinney, TX and Springfield, MO, the overall cost of living indices are 138 and 60 respectively (national median = 100). Rent is $921/month cheaper in Springfield, saving renters about $11,052/year.

Median household income is $74,289/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $165,200 in Springfield.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

McKinney vs Springfield — common questions

Is McKinney or Springfield cheaper to live in?
Based on our cost index, Springfield is cheaper to live in with an index of 60 compared to 138 (US average = 100).
What is the rent difference between McKinney and Springfield?
Median rent in McKinney is $1,841/month and in Springfield it's $920/month — a difference of $921/month.
Which city has higher income, McKinney or Springfield?
Median household income is $120,273 in McKinney and $45,984 in Springfield. Median household income is $74,289/year higher in McKinney.
How do taxes compare between Texas and Missouri?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax.
Should I move to McKinney or Springfield?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Springfield has a cost index of 60 with rent of $920/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Springfield details →

More Comparisons

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