Miami, FL vs McKinney, TX: 129 vs 138

$1,657/mo ↓ 10%

Median Rent

$1,841/mo ↑ 11%

$59,390/yr ↓ 51%

Median Income

$120,273/yr ↑ 103%

$475,200 ↑ 8%

Home Value

$439,500 ↓ 8%

$1,666/mo ↓ 21%

Owner Costs

$2,101/mo ↑ 26%

446,663

Population

202,314

Detailed Comparison

When comparing Miami, FL and McKinney, TX, the overall cost of living indices are 129 and 138 respectively (national median = 100). Rent is $184/month cheaper in Miami, saving renters about $2,208/year.

Median household income is $60,883/year higher in McKinney. Home values also differ significantly — the median in Miami is $475,200 compared to $439,500 in McKinney.

Frequently Asked Questions

Miami vs McKinney — common questions

Is Miami or McKinney cheaper to live in?

Based on our cost index, Miami is cheaper to live in with an index of 129 compared to 138 (US average = 100).

What is the rent difference between Miami and McKinney?

Median rent in Miami is $1,657/month and in McKinney it's $1,841/month — a difference of $184/month.

Which city has higher income, Miami or McKinney?

Median household income is $59,390 in Miami and $120,273 in McKinney. Median household income is $60,883/year higher in McKinney.

How do taxes compare between Florida and Texas?

Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Miami or McKinney?

It depends on your priorities. Miami has a cost index of 129 with median rent of $1,657/mo, while McKinney has a cost index of 138 with rent of $1,841/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Miami, FL vs McKinney, TX (2026)

Miami

McKinney

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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