Cost of Living: McKinney, TX vs Westminster, CO (2026)

McKinney

Texas
138
VS

Westminster

Colorado
139

McKinney and Westminster have a similar cost of living.

$1,841/mo ↑ 1%
Median Rent
$1,816/mo ↓ 1%
$120,273/yr ↑ 25%
Median Income
$96,145/yr ↓ 20%
$439,500 ↓ 12%
Home Value
$497,400 ↑ 13%
$2,101/mo ↑ 14%
Owner Costs
$1,841/mo ↓ 12%
202,314
Population
115,546

Tax Comparison

0%
Income Tax
4.4%
6.25%
State Sales Tax
2.9%
1.6%
Property Tax
0.51%

Affordability

18.4%
rent-to-income
Affordability
22.7%
rent-to-income

Detailed Comparison

When comparing McKinney, TX and Westminster, CO, the overall cost of living indices are 138 and 139 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $24,128/year higher in McKinney. Home values also differ significantly — the median in McKinney is $439,500 compared to $497,400 in Westminster.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Colorado's 4.4% rate.

Frequently Asked Questions

McKinney vs Westminster — common questions

Is McKinney or Westminster cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 139 (US average = 100).
What is the rent difference between McKinney and Westminster?
Median rent in McKinney is $1,841/month and in Westminster it's $1,816/month — a difference of $25/month.
Which city has higher income, McKinney or Westminster?
Median household income is $120,273 in McKinney and $96,145 in Westminster. Median household income is $24,128/year higher in McKinney.
How do taxes compare between Texas and Colorado?
Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax. Colorado has 4.4% income tax, 2.9% sales tax, and 0.51% property tax.
Should I move to McKinney or Westminster?
It depends on your priorities. McKinney has a cost index of 138 with median rent of $1,841/mo, while Westminster has a cost index of 139 with rent of $1,816/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View McKinney details → View Westminster details →

More Comparisons

Other cost of living comparisons for McKinney and Westminster

McKinney vs. Little Rock McKinney vs. Augusta McKinney vs. Salt Lake City McKinney vs. Oxnard McKinney vs. Columbus McKinney vs. Amarillo Westminster vs. Antioch Westminster vs. Manchester Westminster vs. Broken Arrow Westminster vs. Richmond Westminster vs. West Jordan Westminster vs. High Point