Cost of Living: McKinney, TX vs Waterbury, CT (2026)

McKinney

Texas
138
VS

Waterbury

Connecticut
76

McKinney is 82% more expensive than Waterbury.

$1,841/mo ↑ 56%
Median Rent
$1,180/mo ↓ 36%
$120,273/yr ↑ 133%
Median Income
$51,642/yr ↓ 57%
$439,500 ↑ 137%
Home Value
$185,400 ↓ 58%
$2,101/mo ↑ 65%
Owner Costs
$1,273/mo ↓ 39%
202,314
Population
114,356

Tax Comparison

0%
Income Tax
6.99%
6.25%
State Sales Tax
6.35%
1.6%
Property Tax
2.15%

Affordability

18.4%
rent-to-income
Affordability
27.4%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Waterbury, CT, the overall cost of living indices are 138 and 76 respectively (national median = 100). Rent is $661/month cheaper in Waterbury, saving renters about $7,932/year.

Median household income is $68,631/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $185,400 in Waterbury.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Connecticut's 6.99% rate.

Frequently Asked Questions

McKinney vs Waterbury — common questions

Is McKinney or Waterbury cheaper to live in?
Based on our cost index, Waterbury is cheaper to live in with an index of 76 compared to 138 (US average = 100).
What is the rent difference between McKinney and Waterbury?
Median rent in McKinney is $1,841/month and in Waterbury it's $1,180/month — a difference of $661/month.
Which city has higher income, McKinney or Waterbury?
Median household income is $120,273 in McKinney and $51,642 in Waterbury. Median household income is $68,631/year higher in McKinney.
How do taxes compare between Texas and Connecticut?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Connecticut has 6.99% income tax, 6.35% sales tax, and 2.15% property tax.
Should I move to McKinney or Waterbury?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Waterbury has a cost index of 76 with rent of $1,180/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Waterbury details →

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